Columbia-based Blend360, a provider of data, analytics and talent solutions for Fortune 500 companies, announced that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake in the company.
This is Blend360’s first institutional investment and marks the start of the next chapter of the company’s growth strategy.
In 2016 and after 20 years of working together at Merkle, co-founders Patrick Hennessy and Tim Berry launched Blend360 in the data science and talent solutions space. Blend offers differentiated services and accelerators in data, technology, analytics and consultant solutions.
“There has been tremendous interest to invest in Blend from many great firms and Recognize stood out as the best fit for us. They understand our business and they are extremely passionate about services companies in the data and analytics business,” said Tim Berry, co-founder of Blend360. “There’s a real market opportunity in this space and, together with Recognize, we will continue to build the preeminent data, analytics and tech solutions firm.”