Steton Technology Group, Inc., a Salt Lake City, Utah-based provider of compliance auditing SaaS technology, completed a $7.5m Series B financing.
Access Holdings, a private equity firm based in Baltimore and Toronto, made the investment.
The company intends to use the funds to accelerate growth, particularly around product development and industry adoption.
Founded in 1997 and led by Frank Maylett, president and CEO, Steton provides mobile and cloud-based software that allows organizations to improve the quality, safety, and sustainability of their products and services by monitoring processes, identifying problems, and implementing corrective action.
The company serves more than 285,000 users in 120 countries and territories speaking 40 languages:
105,000 food service restaurants
27,000 hotels and resort properties
13,000 grocery and retail stores.