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Announced

Completed

Bluestone Investment Partners-backed Precise Systems completed the acquisition of Tucson Embedded Systems.

Synopsis

Bluestone Investment Partners-backed Precise Systems, a professional services company, completed the acquisition of Tucson Embedded Systems, a hardware and software engineering firm. Financial terms were not disclosed. "We are excited to welcome TES employees into Precise as our third add-on acquisition in the last year. TES brings significant capability in the advanced engineering domain and specifically within open architecture software development standards. These capabilities are increasingly in demand across Precise Systems' existing client base and the overall sector. This acquisition deepens our expertise in this area, and we look forward to bringing these solutions and expertise to current and new customers," Scott Pfister, Precise Systems President and CEO.

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