Enlightenment Capital Makes Investment in Summit Technology Group for Confidential Sum


Enlightenment Capital Makes Investment in Summit Technology Group for Confidential Sum

Enlightenment Capital, a government market investment firm, recently announced an investment in Summit Technology Group, a federal software partner. 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.

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