Apax Partners, a global private equity advisory firm, completed the $450m investment in IBS Software, a provider of modern Software-as-a-Service solutions to the global travel and logistics industry. "We're excited to partner with Apax as we enter a new phase in our mission to transform how travel companies operate in a digital world. This investment is an endorsement of our strategy and our commitment and contribution to the industry, and we have a shared vision with Apax for the future of the business. We thank our customers and employees who have been instrumental in our success so far. We're grateful to the Blackstone team for their invaluable support over the years and we look forward to an exciting and fulfilling journey ahead with Apax," V K Mathews, IBS Software Founder and Executive Chairman.