Milestone Technologies, a managed IT services company owned by HIG Capital, has acquired Software Management Consultants Inc. (SMCI), an IT and managed services provider based in Glendale, California.
Founded in 1983, SMCI helps clients from all industries carry out complex IT projects. The company offers contract staff as well as contract options for systems development and installation initiatives, model and IT system changes, major upgrades or maintenance, and new business areas. activity. SMCI also offers direct hiring advice for permanent IT positions.
SMCI further provides managed services for areas such as service desk, operations, digital asset management, business analysis and project management.
The company has about 300 employees, according to LinkedIn, with offices in Glendale, California and Tampa, Florida.Milestone’s acquisition of SMCI will expand its physical presence and strengthen its managed IT services offering.
“We are very excited about the capabilities that SMCI is adding to our service portfolio. Our teams will work together to generate meaningful value for our customers, ”said Sameer Kishore, President and CEO of Milestone.
Founded in 1997 and headquartered in Silicon Valley, Milestone provides managed IT services, project-based consulting and recruiting solutions. The firm’s practices include infrastructure and application services, digital workplace services, automation and AI, and ServiceNow.
The company, which was acquired by HIG Capital in 2015, has more than 2,500 employees in the Americas, EMEA and Asia-Pacific regions.
“The acquisition of SMCI continues Milestone’s strategy of consolidating the fragmented IT services and staffing industry,” said Andrey Vakhovskiy, Managing Director of HIG Capital.
Miami-based HIG Capital manages approximately $ 45 billion in equity. It has over 100 portfolio companies with combined sales of over $ 30 billion.