• Sun. Apr 14th, 2024

Driving Innovation in Government Technology: Enlightenment Capital’s Investment in Summit Technology Group

BySamantha Nguyen

Apr 4, 2024
Enlightenment Capital makes investment in Summit Technology Group

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

As part of the transaction, Houlihan Lokey served as the financial advisor to STG while Dentons acted as legal advisor to STG. Meanwhile, Moore & Van Allen provided legal advice to Enlightenment Capital. 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.

The 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 legal support from Morrison & Foerster, Moore & Van Allen helped Enlightenment Capital with legal matters related to the transaction while Houlihan Lokey provided financial advisory services to STG.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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