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.
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.