Blackstone Energy Partners announced in December an agreement to acquire Irth Solutions, a provider of cloud-based software solutions that automate processes for damage prevention and asset protection across critical network infrastructure. In addition, Irth collects and analyzes operational and environmental data and runs risk management analytics for its customer base across the energy, utilities, telecom and media end-markets.
Kush Patel, Managing Director of Blackstone, said: “Irth is well-positioned to benefit from the tailwinds impacting each of the company’s end-markets. Irth can be a key partner for electric utilities, telecom companies and energy infrastructure operators.”
Irth Solutions will retain its name and continue to operate independently as a Blackstone portfolio company.