BOSTON–(BUSINESS WIRE)–HIG Capital (“HIG”), a leading global alternative investment firm with $45 billion in equity under management, today announced that its holding company, Milestone Technologies (“Milestone” or the “Company”), acquired Software Management Consultants, Inc. (“SMCI”), based in Glendale, California, to expand Milestone’s presence and strengthen its portfolio of managed IT services.
With over 35 years of working with clients and helping them deliver IT solutions, SMCI has acquired deep expertise in delivering IT and digital transformation solutions, including managing large-scale PMO initiatives and providing talent management services across many industries.
“I am delighted to welcome the SMCI team, its customers and partners to the Milestone family. We are very 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. “SMCI and Milestone share similar values and beliefs, with a strong emphasis on an employee-focused culture and providing top-notch customer service.”
“The acquisition of SMCI continues Milestone’s strategy of consolidating the fragmented IT services and recruitment industry,” said Andrey Vakhovskiy, CEO of HIG. supporting its clients in their digital transformation efforts.
About Milestone Technologies
Milestone Technologies is a Silicon Valley-based global managed services provider and has been providing managed IT services since 1997, helping hundreds of leading enterprises deliver technology worldwide. The company employs more than 2,600 industry professionals, serves more than 200 customers and operates in 36 countries. For more information, please visit www.milestone.tech and follow Milestone Technologies on linkedin.com/company/milestone-technologies.
About SMCI
SMCI is an IT consulting, talent management and digital solutions provider based in Glendale, CA, and has been providing staffing services and solutions for a wide range of IT disciplines and platforms across all industries since 1983. SMCI’s core business values, which include integrity, professionalism, and collaboration, are central to everything they do. The company has focused on building long-term relationships with its customers to sustain their success over the years. For more information, please visit www.smci.com.
About HIG Capital
HIG is one of the world’s leading private equity and alternative asset investment firms with $45 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogota, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium-sized businesses, using a flexible and operations-oriented system. / value-added approach:
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HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.
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HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary (direct origination) basis and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
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HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.
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HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.
Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit the HIG website at www.highcapital.com.
