STG to acquire a minority stake in Trace One from Hg Capital.

Symphony Technology Group, a Palo Alto-based private equity firm, agreed to acquire a minority stake in Trace One, a provider of software to the retail and private label goods sectors, from Hg Capital. Financial terms were not disclosed. “Trace One is the undisputed sector leader serving the world’s leading global retail brands and a network of over 5k manufacturers. We are thrilled to partner with Christophe and his team, and we are fully committed to driving Trace One’s next phase of growth as the leading SaaS player empowering retailers and their manufacturing partners globally,” William Chisholm, STG Managing Partner.