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New Deal


Announced

Milestone Technologies to acquire Software Management Consultants.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

it consultancy

digital solutions

Acquisition

Majority

Domestic

Pending

Single Bidder

Friendly

United States

Private

digital consultancy

Synopsis

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Milestone Technologies, a Silicon Valley based global IT managed services firm, agreed to acquire Software Management Consultants, a nextgen IT consulting, talent management and digital solutions provider based in Glendale. Financial terms were not disclosed. "I am thrilled to welcome the SMCI team, their customers, and partners to the Milestone family. We are very excited about the capabilities SMCI adds to our services portfolio. Our teams will collaborate to drive significant value for our clients. SMCI and Milestone share similar values and beliefs with a strong focus on an employee-first culture and providing best-in-class services to clients," Sameer Kishore, Milestone Technologies President and CEO.

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