Paradigm Sold off to Summit Partners

Paradigm Acquisition Corp. is going through another transition. It’s parent company, Lightyear Capital LLC, has finalized its sale to affiliates of a growth equity investment company, Summit Partners, only three years after acquiring the company.  In 2012, Sterling Partners announced the sale of Paradigm Management Services to Lightyear Capital LLC. In that time, Paradigm’s headquarters in Walnut Creek, California had a reduction in staff by nearly 130, going from 400 to 270 employees, according to press releases.  “Under Lightyear’s ownership, Paradigm&rsqu...