Enlightenment Capital Invests in Summit Technology Group to Accelerate Product Development and Expansion in Federal Software Solutions

Summit Technology Group (STG), a federal software partner, has recently received an investment from Enlightenment Capital, a government market investment firm. While the terms and amount of the investment were not disclosed, Devin Talbott, the founder and managing partner of Enlightenment, stated that STG will be the cornerstone of Enlightenment’s government and regulatory software solutions platform.

For STG’s CEO, Ben Wallace, the investment from Enlightenment will support the acceleration of product development, expansion of support across government agencies, and continued investment in the financial technology market. Currently, STG is deploying its platform to aid the Department of the Treasury in enforcing the Corporate Transparency Act, which mandates companies in the U.S. to report information about their ultimate owners or controllers.

STG has already implemented its software-as-a-service platforms, which include features for identity assurance and fraud detection, in over 275 commercial banking institutions and public sector programs. With this new investment from Enlightenment Capital, STG is poised to continue its growth and expansion within the government and regulatory markets.