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