Blackstone Acquires a Majority Stake in Leading Data Classification Provider TITUS

NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) today announced that funds managed by Blackstone
Tactical Opportunities have acquired a majority share in TITUS, a
leading provider of data classification and categorization solutions
headquartered in Ottawa. Terms of the transaction were not disclosed.

Viral Patel, Managing Director at Blackstone Tactical Opportunities,
said: “We are excited to combine Blackstone’s flexible capital and
experience with TITUS market-leading solutions to continue to transform
data-centric security. With data breaches at an all-time high, each day
brings another example of the importance of protecting information.”

“Digital transformation and the cloud mean information increasingly
travels outside of the corporate perimeter, and information security
must now be based around the data itself,” said James Socas, Blackstone
Executive Advisor. “TITUS solutions are a critical component of
data-centric protection.”

TITUS is a leading provider of data classification and categorization
solutions, with millions of users in over 70 countries worldwide. Its
platform-agnostic solutions enable organizations to bridge multiple data
security solutions prevalent in most large organizations to ensure
documents and files are protected. TITUS solutions empower and enable
employees to understand the value of critical data and how it must be
handled. This is particularly important as compliance regulations, such
as GDPR and NIST, raise the bar on data protection standards. TITUS has
over 950 enterprise customers, including 3 of the top 25 global
financial institutions and government and military organizations in 5 of
the G7 countries.

“Since our inception in 2005, we have focused on data-centric security
working with leading organizations around the world,” said Tim Upton,
CEO and co-founder of TITUS. “Partnering with Blackstone will allow us
to expand our geographic reach and to accelerate our innovation strategy
with the backing of one of the world’s leading investment firms.”

TITUS was founded in 2005 and was bootstrapped until this investment by
Blackstone.

AGC Partners served as financial advisor and Gowlings WLG served as
legal advisor to TITUS. Davies Ward Phillips & Vineberg LLP served as
legal advisor to Blackstone.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with over
$385 billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets and secondary funds, all on a
global basis. Further information is available at www.blackstone.com.
Follow Blackstone on Twitter @Blackstone.

About Tactical Opportunities

Tactical Opportunities (Tac Opps) is Blackstone’s opportunistic
investment platform. The Tac Opps team invests globally across asset
classes, industries and geographies, seeking to identify and execute on
attractive, differentiated investment opportunities. As part of the
strategy, the team leverages the intellectual capital across
Blackstone’s various businesses while continuously optimizing its
approach in the face of ever-changing market conditions.

About TITUS

TITUS solutions enable organizations to discover, classify, protect,
analyze and confidently share information. Organizations can use TITUS
products to meet regulatory compliance requirements by identifying and
securing unstructured data – on the desktop, on mobile devices, and in
the cloud. Millions of users in over 120 countries around the world
trust TITUS to keep their data compliant and secure. Its customers
include Safran Morpho, United States Air Force, NATO, Pratt and Whitney,
and Canadian Department of National Defence. Additional information is
available at TITUS.com.

Contacts

MEDIA:
Blackstone:
Paula Chirhart,
+1-212-583-5011
paula.chirhart@blackstone.com
or
TITUS:
Sheri
Zelle, + 1 613-857-1725
sheri.zelle@titus.com