Precise Systems, Inc. has received a strategic investment by Bluestone Investment Partners, a McLean, Virginia-based private equity firm, to accelerate the growth of its business. Founded in 1990, Precise Systems is a Lexington Park, Maryland-based provider of mission readiness and software development services to the U.S. Navy, U.S. Marine Corps and U.S. Air Force.

Coincident with the transaction, former Precise Systems President Scott Pfister has assumed the role of Chief Executive Officer. As part of the transaction, Mr. Pfister and former Chief Executive Officer, Tom Curtis, will join Precise Systems' board of directors.