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M&A Deal Summary

Milestone Technologies Acquires SMCI

On July 13, 2021, Milestone Technologies acquired information technology company SMCI

Acquisition Highlights
  • This is Milestone Technologies’ 2nd transaction in the Information Technology sector.
  • This is Milestone Technologies’ 2nd transaction in the United States.
  • This is Milestone Technologies’ 1st transaction in California.

M&A Deal Summary
Date 2021-07-13
Target SMCI
Sector Information Technology
Buyer(s) Milestone Technologies
Deal Type Add-on Acquisition

Target

SMCI

Glendale, California, United States
SMCI is a NextGen IT Consulting, Talent Management, and Digital Solutions Provider that offer Project/Product Management as a Service (PMaaS™), combining Leadership and Expertise around Project Management Methodologies, Product Development Frameworks, Business Analysis, and Consultative Services. SMCI was founded in 1983 and is based in Glendale, California.

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Buyer(S) 1

Buyer

Milestone Technologies

Fremont, California, United States
Category Company
Founded 1997
Sector Information Technology
DESCRIPTION

Milestone Technologies is a provider of solutions to the strategic IT needs of large global corporations. Milestone’s solutions include managed help desk, data center operations, managed contact center, platform engineering services and IT logistics. Milestone Technoloies was founded in 1997 and is based in Fremont, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Covestic

Kirkland, Washington, United States

Covestic is a ServiceNow Elite Partner and IT Managed Services firm has deep expertise in IT Managed Services and ServiceNow as well as the key business processes that ServiceNow enables to include IT Service Management (ITSM), IT Operations Management (ITOM), Customer Service Management (CSM), Security Operations (Security Ops) and Governance Risk and Compliance (GRC). Covestic was founded in 2001 and is based in Kirkland, Washington.

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