Bluestone Investment Partners has invested in cBEYONData, a professional services company that primarily offers business process automation, data management and analytics support to government chief financial officers.
“With this investment, we have the additional resources necessary to expand our product offerings and deliver on the evolving needs and expectations of the federal government CFO community,” David Schmidtknecht, co-founder of cBEYONData, said in a statement released Thursday.
Lorton, Virginia-based cBEYONData markets the CFO Control Tower platform, which is designed to help agencies automate financial operations, and the Budgeting and Spend module, which automates the budget reporting, planning, consolidation and forecasting operations.
The company received investment banking services from Monument Capital Partners during the transaction.
