Milestone Technologies, Inc., a Fremont, CA-based provider of managed information technology services to global enterprises, received a strategic investment from global private equity firm H.I.G. Capital, LLC.
The amount of the deal was not disclosed. It is know that the transaction was supported through a $42.5 million unitranche credit facility from Monroe Capital LLC.
Founded in 1997 by CEO Prem Chand, Milestone is a provider of solutions to the strategic IT needs of large global corporations. Solutions include managed help desk, data center operations, managed contact center, and IT logistics.
The company recently launched a set of IT solutions that enable companies to optimize their networks’ performance including the Network Operations Center (NOC), an intelligent cloud-based ITSM platform that eliminates identification delays and speeds resolution.
The company currently serves 200 companies in 18 countries.
The company intends to use the funds to grow operations.
FinSMEs
11/08/2015