April 21, 2024 11:49 pm
Enlightenment Capital makes investment in Summit Technology Group

Enlightenment Capital, a venture capital firm based in Washington, D.C., recently made an investment in Summit Technology Group (STG), a Pennsylvania-based software company that specializes in government, regulatory, and financial workflows. The specific financial terms of the investment were not disclosed, but the investment is intended to help accelerate the distribution of STG’s products.

As legal advisors to STG, Dentons provided guidance on the transaction while Moore & Van Allen assisted Enlightenment Capital with legal matters related to the investment. Meanwhile, Houlihan Lokey served as financial advisor to both parties during the transaction.

Thomas Young, a principal at Enlightenment Capital, expressed excitement about the partnership with STG, highlighting their track record of providing technology solutions to both government and commercial clients. He emphasized the potential for innovation and growth that the investment will bring, allowing STG to enhance their software and bring greater efficiency and transparency to government and regulatory processes.

This strategic partnership between Enlightenment Capital and STG reflects a shared commitment to driving innovation and enhancing technology solutions in the government and regulatory sectors. With this newfound support from Enlightenment Capital, Summit Technology Group is well positioned to continue its growth trajectory and expand its market share in these critical industries.

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