Summit Technology Group (STG), a Pennsylvania-based company that specializes in software for government, regulatory, and financial workflows, recently received an investment from Enlightenment Capital. The Washington, D.C.-based investment firm focused on middle market companies in the aerospace, defense, government, and technology sectors made the investment to accelerate the distribution of STG’s products.
Thomas Young, a principal at Enlightenment Capital, expressed excitement about the partnership with STG. He highlighted their track record of providing technology solutions to both government and commercial clients and emphasized the potential for innovation and growth that the investment will bring. Young added that the investment will enable STG to enhance their software and bring greater efficiency and transparency to government and regulatory processes.
Houlihan Lokey served as financial advisor to STG during this transaction, while Dentons provided legal support to STG. Moore & Van Allen assisted Enlightenment Capital with legal matters related to the transaction. Morrison & Foerster also played a role in the strategic partnership between Enlightenment Capital and STG.
This partnership reflects a shared commitment by both firms to driving innovation and enhancing technology solutions in the government and regulatory sectors. As such, it is expected that this collaboration will lead to new product development opportunities for STG and increased market share within its industry.
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