H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $45 billion of equity capital under management, announced that its portfolio company, Milestone Technologies (“Milestone” or the “Company”), has acquired Software Management Consultants, Inc. (“SMCI”), based in Glendale, CA., to extend Milestone’s footprint and bolster its IT managed services portfolio.
“I am thrilled to welcome the SMCI team, their customers, and partners to the Milestone family. We are very excited about the capabilities SMCI adds to our services portfolio. Our teams will collaborate to drive significant value for our clients”
With over 35 years of working with clients and helping them deliver IT Solutions, SMCI has built deep expertise in delivering IT and digital transformation solutions, including running large scale PMO initiatives and providing talent management services across many industries.
“I am thrilled to welcome the SMCI team, their customers, and partners to the Milestone family. We are very excited about the capabilities SMCI adds to our services portfolio. Our teams will collaborate to drive significant value for our clients,” said Sameer Kishore, President and CEO. “SMCI and Milestone share similar values and beliefs with a strong focus on an employee-first culture and providing best-in-class services to clients.”
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“The acquisition of SMCI continues Milestone’s strategy of consolidating the fragmented IT services and staffing industry,” said Andrey Vakhovskiy, Managing Director at H.I.G. “SMCI adds a deep bench of delivery and management talent to Milestone’s already strong team and will allow the Company to further support its customers in their digital transformation initiatives.”
Milestone Technologies is a global managed services provider based in Silicon Valley and has been providing IT Managed Services since 1997, helping hundreds of leading corporations deliver technology around the globe. The Company employs 2,600+ industry professionals, serves over 200 clients, and operates in 36 countries.
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