NewSpring to invest in Pillar Technology.

NewSpring, a family of private equity funds invested in Pillar Technology through the NewSpring Mezzanine, the Firm’s dedicated mezzanine fund. Financial terms were not disclosed. “The expertise and experience offered by NewSpring provide us with the resources necessary to help establish another Forge, our version of a think tank, ultimately expanding our geographic reach. This geographic expansion will allow us to deliver more innovative technologies with improved quality to all of our clients across the nation.” Bob Myers, Pillar Technology CEO.