Steton is receiving a “significant” investment from Baltimore and Toronto-based private equity firm Access Holdings. Based in Utah, Steton is a provider of performance management solutions.
PRESS RELEASE
ST. GEORGE, Utah, Oct. 22, 2014 /PRNewswire/ — Steton announced today that it has partnered with Access Holdings, a private equity firm with offices in Baltimore and Toronto, in order to continue its rapid growth as the industry leader in quality management and business intelligence software.
Steton’s dramatic growth has been driven by increased demand among global organizations, including Wendy’s, Norwegian Cruise Line, InterContinental Hotels Group, El Pollo Loco, and Texas Roadhouse, among hundreds of other major brands in food service, hospitality and retail. Today Steton has more than 1.1 million users, in nearly every country around the world. World Class organizations use Steton’s mobile and cloud-based apps to gain operational visibility, monitor processes, identify problems, and implement corrective actions.
As Steton’s new partner, Access Holdings is investing significant new capital in order to increase the pace of innovation, provide additional support and services to Steton’s existing customers, and allow Steton to deliver its industry leading solution to many more verticals and domains.
“Steton’s goal is to empower organizations to achieve brand quality efficiently, while providing tools to enable constant operational improvements and growth,” says Martin Tidwell, President and CEO of Steton. “This capital gives us additional resources to innovate rapidly, deliver on our vision and expand strategically into new markets.”
“As demonstrated by their remarkable growth and widespread adoption, Steton clearly leads the market in the development and delivery of quality management and business intelligence software,” says Kevin McAllister, Managing Partner of Access Holdings. “Access Holding’s investment will help Steton capitalize on the demand for their solutions, and accelerate the company’s pace of product innovation.”
About Steton
Steton delivers quality and performance management solutions that enable companies to run better, stay in compliance and strengthen brand consistency across the enterprise. Companies in industries such as food service, hospitality and retail use Steton’s mobile and cloud-based applications to gain aggregated visibility into each aspect of the operation so they can continuously monitor processes, identify problems, implement corrective action and repeat successes. As a result of this actionable business intelligence, Steton is able to transform businesses into high performance organizations, increasing same store revenues and uncovering strengths that can be leveraged across the enterprise. For more information, visit www.steton.com.
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