SMX Announces Acquisition of cBEYONData
Summary
Together, SMX and cBEYONData (collectively the “Company”) are well-positioned to support customers across the public sector, helping them achieve enhanced visibility, operational efficiency, and financial transparency, each key priorities of Congress and the new administration. The acquisition creates a leading provider of differentiated digital transformation capabilities, offering a tailored set of solutions that help government customers manage their increasingly complex financial, planning, and analytical needs. Combined, the Company’s deepened capabilities provide meaningful growth and cross-selling opportunities across its base of complementary customers driven by its end-to-end portfolio of specialized enterprise data and system solutions. One example is CFO Control Tower®, a software suite designed to seamlessly integrate with government ERP systems and provide real-time financial data analytics, robust budget planning capabilities, and enhanced collaboration and automation tools. cBEYONData also offers cBEYONDLab®, a cloud-hosted demonstration environment that allows federal agencies to perform continuous exploration of ERP and ERP-enabled solutions prior to making major software purchases, saving substantial costs associated with process realignment and technology initiatives.