Blackstone acquires secure data classification provider Titus

U.S. private equity firm Blackstone Group has acquired a majority interest in Titus Inc, a Canadian provider of secure data classification and categorization solutions. No financial terms were disclosed; however, the Globe and Mail reported that Blackstone paid $100 million for the stake. Founded in 2005 by Tim Upton, Stephane Charbonneau and Charlie Pulfer, Ottawa-headquartered Titus provides its software solutions to over 950 enterprise customers, and millions of users, in more than 70 countries. Upton, the company's CEO, said the partnership with Blackstone will allow Titus to expand its geographic reach and accelerate its innovation strategy.

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