Hg, Europe’s leading software investor, today announces that it has entered into an agreement to sell its investment in Trace One to Symphony Technology Group (“STG”), a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors.

“Trace One is the undisputed sector leader serving the world’s leading global retail brands and a network of over 5,000 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, Managing Partner at STG