Investment management firm Blackstone Inc. (BX) announced Tuesday that Blackstone Growth and affiliated funds have signed a definitive agreement to make a majority growth investment in NetBrain Technologies, valuing the network automation firm at $750 million. The investment will help NetBrain boost innovation, grow globally, and scale its AI-driven network automation platform. Lingping Gao, founder and CEO of NetBrain Technologies said, "Blackstone aims to support innovation across NetOps, SecOps, and AI."
Currently shares of Blackstone are at $166.36, down 0.20 percent.
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