Milestone Technologies Receives Private Equity Investment from H.I.G. Capital

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.



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