Keystone Business Services
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Keystone Business Services - overview
Established
2005
Location
Oak Brook, IL, US
Primary Industry
Outsourcing
About
Keystone Business Services, based in the US, specializes in providing tailored cloud solutions for Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and eCommerce to enhance operational efficiency for small and mid-market businesses. Founded in 2005 and headquartered in Oak Brook, US, Keystone Business Services delivers cloud-based solutions across various industries. The company has engaged in one deal, In October 2025, Armanino, a portfolio company of Further Global, acquired Keystone Business Services. Keystone Business Services specializes in providing customized cloud-based solutions primarily in the realms of Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), and eCommerce.
Their core product offerings integrate advanced capabilities tailored to small and mid-market businesses, focusing on enhancing operational efficiency and reducing costs. The solutions are delivered as software-as-a-service (SaaS), enabling seamless access to updated features and functionalities, without the need for hardware investments. Keystone's clientele includes various industries, with partnerships with brands like NetSuite and Salesforce, and their services are marketed across the United States, particularly in the Chicagoland area. Keystone Business Services generates revenue primarily through subscription-based models for its cloud solutions, including CRM, ERP, and eCommerce applications.
Clients engage in contracts that typically include ongoing support and software updates. The transactional framework focuses on B2B interactions, where enterprises subscribe to Keystone's offerings under tailored agreements, emphasizing user adoption and satisfaction to drive client retention and long-term contracts. Specific pricing details for the software packages are structured to reflect the complexity and customization required by each business, aligning with their operational objectives. In October 2025, Keystone Business Services will be acquired by Armanino, a portfolio company of Further Global.
This acquisition aims to enhance Armanino's platform capabilities. Future growth strategies include the development of new products that have yet to be specified and expansion plans into new geographic regions, although specific markets and dates have not been provided.
Current Investors
Armanino
Primary Industry
Outsourcing
Sub Industries
Consulting Services, Business Support Services, Offshore IT Services/IT Outsourcing
Website
www.keystonebusinessservices.net
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Keystone Business Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Keystone Business Services | - |
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