Blackstone agrees to acquire a majority stake in NetBrain, valuing the Burlington, Massachusetts-based network operations and automation company at $750M (Ryan Gould/Bloomberg)
24d ago
Technology
Techmeme
Blackstone Inc. is set to acquire a majority stake in NetBrain Technologies Inc., a network operations and automation company based in Burlington, Massachusetts. The deal values NetBrain at $750 million. This investment reflects Blackstone's belief in the transformative potential of artificial intelligence within the network management sector. NetBrain's platform helps businesses automate and optimize their network infrastructure, improving efficiency and reducing operational costs. The acquisition underscores the growing importance of AI-driven solutions in managing increasingly complex IT environments.