Australia's Iress has confirmed it is in early stages of discussion with Blackstone and Thoma Bravo regarding a potential offer for the financial software firm. This development indicates Blackstone's interest in expanding its portfolio within the technology and financial services sectors.
Iress provides software solutions to financial services professionals, making it a strategic target for firms looking to enhance their capabilities in this area. While discussions are preliminary, they highlight Blackstone's active pursuit of acquisition opportunities.
A successful bid would further diversify Blackstone's extensive global holdings. The outcome of these talks will determine if Blackstone proceeds with a formal offer for the Australian company.
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