Enlightenment Capital, a venture capital firm based in Washington, D.C., recently invested in Summit Technology Group (STG), a Mechanicsburg, Pennsylvania-based software provider that specializes in government, regulatory, and financial workflows. The investment was aimed at accelerating the distribution of STG’s products.
The financial details of the investment were not disclosed. However, it is known that Enlightenment Capital has been investing in middle market companies across various sectors such as aerospace, defense, government, and technology for years. Their focus is on providing growth capital to companies with strong management teams and high-growth potential.
Thomas Young, a principal at Enlightenment Capital, expressed his excitement about the partnership with STG. He praised their ability to solve complex problems with their cloud-native software and highlighted how this partnership will provide them with the necessary financial and strategic resources to continue innovating and improving their products for government and regulatory workflows.
Along with Houlihan Lokey and Dentons, Moore & Van Allen and Morrison & Foerster were also involved in the transaction. Moore & Van Allen provided legal advice to Enlightenment Capital while Morrison & Foerster offered government contracting legal advisory services. These firms played an important role in ensuring that the transaction was executed smoothly and efficiently.
In conclusion, this partnership between Enlightenment Capital and Summit Technology Group is expected to be mutually beneficial for both companies as they continue to grow their businesses while addressing the needs of their respective industries.
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