Stone-Goff Partners Announces Investment in MojoTech, LLC
Boston, MA – October 4, 2022
Stone-Goff Partners (“SGP”) announced that it has made an investment in MojoTech, LLC (“MojoTech”), a provider of software engineering, design, and product management services that enable clients to achieve strategic goals traditionally hindered by scale, complexity, regulatory and digital transformation barriers. The investment will support further growth for MojoTech, including the continued expansion of its talented delivery team and opportunistic M&A.
Founded in 2008, MojoTech provides a comprehensive, turnkey solution for custom software development that enables large enterprises to innovate legacy systems at scale and supports digitally native companies in solving critical software problems within their ambitious delivery deadlines. MojoTech's engineers, designers and product managers are guided by the company's proprietary C4 framework, which embraces cloud-native architectures and a truly agile process. MojoTech has successfully served over 150 clients from venture-backed start-ups to established global enterprises. Today, MojoTech's 100% onshore team has grown to over 80 full-time employees and is headquartered in Providence RI, with an additional office in Boulder, CO.
“We are thrilled to partner with Nick Kishfy, Chris Shoemaker, and the MojoTech team and to collaborate closely with them as they continue to deliver exceptional value to their growing customer set,” said Laurens Goff, co-founder of Stone-Goff Partners. “Over the last 14 years, MojoTech has been an industry leader in serious software development services, and we’re excited to support them in their next stage of growth.”
“MojoTech’s success has been a testament to the exceptional people on our team and our ability to help our clients achieve their most ambitious goals,” said Nick Kishfy, founder of MojoTech. “Our partnership with Stone-Goff will help us further invest in that team and provide even more value to our clients.”
Stifel Financial Corp. served as the exclusive financial advisor to MojoTech in this transaction. Legal counsel was provided by Duffy & Sweeney, Ltd. and Fredrikson & Byron, P.A., for MojoTech and Stone-Goff, respectively. Five Points Capital provided financing.
About Stone-Goff Partners
Stone-Goff Partners is a private equity firm that invests in lower middle market Technology-Driven Service businesses – service businesses that are enhanced by technology. The companies that Stone-Goff invests in combine service offerings with technology and focus on attractive, defined end-markets. Core verticals include business services, consulting services, marketing services, IT services, human capital and training, outsourced services and consumer services. Stone-Goff invests in founder-owned businesses and corporate carve-outs. Stone-Goff was founded in 2010 by Hannah Stone Craven and Laurens Goff. Stone-Goff leverages the extensive investment, operational and sector-specific experience of its partners to drive value creation within its portfolio companies.
MojoTech is a premium provider of sofware development and design services deliverying mission critical solutions for its clients with a 100% onshore, full-time team.