MoFo advised Enlightenment Capital, an Aerospace, Defense, Government & Technology investment firm, in relation to its strategic investment in Summit Technology Group (STG). MoFo’s team advised on the government contracts and national security aspects of the acquisition.
STG is a software platform provider for federal agencies, commercial financial institutions, and enterprise customers and was a key technology partner in a cloud-based workflow platform that enabled government support efforts through the COVID-19 pandemic. Its software-as-a-service platforms, which include identity assurance and fraud detection functions, have been deployed in more than 275 commercial banking institutions and in public sector programs.
MoFo’s Government Contracts & Public Procurement team was led by Washington D.C. partner Damien Specht, together with partner Locke Bell and associates Nicole Giles and Michaela Thornton.