Steton has real business impact that helps our customers succeed, and with resources allocated appropriately we will shape and define the future of compliance auditing programs.
Steton Technology Group, Inc. has closed a $7.5 million Series B round backed by Access Holdings.
“Financial backing from Access Holdings allows Steton to accelerate growth, particularly around product development and industry adoption,” Frank Maylett, President and CEO of Steton, said in a statement. “Steton has real business impact that helps our customers succeed, and with resources allocated appropriately we will shape and define the future of compliance auditing programs.”
Headquartered in Salt Lake City and sporting offices in St. George, Steton’s business performance software has been adopted across a wide variety of industries, most notably in food service, retail, and hospitality. Who else loves Steton? Access Holdings, obviously, who has now invested a total of $30 million to help Steton’s compliance auditing SaaS technology take flight.
“Compliance and quality management solutions represent an enormous, yet neglected market,” Kevin McAllister, Managing Partner of Access Holdings, said in a statement. “Existing solutions are hard to use, painful to implement, or too narrowly focused for today’s highly scrutinized service and retail organizations. Steton is the most powerful product with tremendous penetration into the world’s biggest brands.”