Milestone Technologies acquires Software Management Consultants

03 August 2021 1 min. read
More news on

Milestone Technologies, an IT managed services firm owned by H.I.G. Capital, has acquired Software Management Consultants Inc. (SMCI), a Glendale, CA-based provider of IT staffing and managed services.

Founded in 1983, SMCI helps clients across industries complete complex IT projects. The firm offers contract staffing as well as contract-to-hire options for initiatives in systems development and installation, IT model and systems changes, major enhancements or maintenance, and new lines of business. SMCI also provides direct hire search consulting for permanent IT roles.

SMCI further delivers managed services for areas including service desk, operations, digital asset management, business analysis, and project management.

The firm has approximately 300 employees, according to LinkedIn, with offices in Glendale, CA and Tampa, FL.Milestone Technologies acquires Software Management ConsultantsMilestone’s acquisition of SMCI will expand its physical presence as well as bolsters its IT managed services offering.

“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 of Milestone.

Founded in 1997 and headquartered in Silicon Valley, Milestone provides IT managed services, project-based consulting, and staffing solutions. The firm’s practices include infrastructure and application services, digital workplace services, automation and AI, and ServiceNow.

The firm, which was acquired by H.I.G. Capital in 2015, has more than 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 staffing industry,” said Andrey Vakhovskiy, managing director at H.I.G. Capital.

Based in Miami, H.I.G. Capital has approximately $45 billion of equity capital under management. It has more than 100 portfolio companies with combined sales in excess of $30 billion.