M&A

Enlightenment Capital backs BI, tech automation outfit ByteCubed

Government market investment firm Enlightenment Capital has invested in technology services contractor ByteCubed to support the latter’s growth strategy for its business intelligence, technology automation and data science offerings.

Terms of the backing were not disclosed and ByteCubed will use the investment for additional financial resources and flexibility to pursue organic and inorganic expansion opportunities, the companies said Tuesday.

Arlington, Virginia-based ByteCubed was founded in 2010 by Ahmad Ishaq and its customers include the Defense and Homeland Security departments. The company works with agencies on the use of technology to manage business processes and analyze data in real time for decision making efforts.

ByteCubed also performs research-and-development in cloud computing, data science, analytics, machine learning, user experience and augmented reality.

Chevy Chase, Maryland-based Enlightenment closed its more recent fund of $147 million in 2016 and made four investments last year in government IT companies CyberCore, Telos, 1901 Group and Cadmus.

Enlightenment also made a pair of significant exits last year when cloud and digital transformation firm Phase One was sold to Accenture and unmanned vehicle maker Aurora Flight Sciences was bought by Boeing.

Having debuted in 2014, Enlightenment takes partial stakes of companies it invests in with a focus on middle-market firms in aerospace, defense and government IT areas such as cybersecurity and data.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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