ByteCubed makes first deal with Enlightenment Capital's backing
- By Ross Wilkers
- Sep 06, 2018
Government IT contractor ByteCubed has acquired digital user experience company Chief to represent the buyer’s first deal since getting backing from a leading middle-market investment group.
Terms of the transaction were undisclosed. Arlington, Virginia-based ByteCubed said Tuesday the deal adds more than 110 employees that work out of offices in Washington, D.C. and Portland, Oregon.
Chief is a minority- and woman-owned small business that holds spots on contract vehicles such as the General Services Administration’s IT Schedule 70 and National Institutes of Health’s CIO-SP3.
The deal comes almost seven months after government market investment group Enlightenment Capital first started to back ByteCubed in support of its growth strategy.
Founded in 2010, ByteCubed provides business intelligence, automation and analytics services to defense and homeland security agencies. The company also performs research-and-development in cloud computing, data science, analytics, machine learning, user experience and augmented reality.
Started in 2014, Enlightenment takes partial stakes in middle-market aerospace, defense and government IT companies that specialize in areas such as cybersecurity and data.
Enlightenment’s current government IT market investments include CyberCore, Telos, 1901 Group and Cadmus.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at email@example.com. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.