Global IT managed services firm Milestone Technologies, backed by private equity firm H.I.G. Capital, has acquired Software Management Consultants, Inc. (SMCI), a next-gen IT consulting, talent management and digital solutions provider from Glendale, California. Terms of the deal were not disclosed.
This is technology M&A deal number 510 that ChannelE2E has covered so far in 2021. The deal extends Milestone’s footprint to the U.S. southwest and southeast regions and bolsters the Silicon Valley company’s IT managed services portfolio, Milestone said.
Founded in 1983, SMCI’s expertise is in delivering IT and digital transformation through a variety of services and solutions that include running large-scale PMO initiatives and talent management solutions across various industries, according to Milestone.
Sameer Kishore, president and CEO, Milestone, commented:
“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. 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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