An affiliate of private equity investment firm HIG Capital has made a strategic investment in Milestone Technologies, Inc. Founded in 1997, and headquartered in Fremont, CA, Milestone is a provider of managed information technology services to rapidly-growing, global enterprises.
HIG has partnered with Milestone Founder and CEO, Prem Chand, to continue to deliver differentiated, world-class IT services to Milestone’s customers and to enable the Company’s continued expansion.
Chand says: “We are very excited about this partnership with HIG and the shared vision we have for the next stage of Milestone’s growth. HIG’s investment will provide us the capital and strategic resources necessary to grow Milestone and better serve our customers.”
Elliot Maluth (pictured), Managing Director at HIG Capital, says: “We are excited to partner with Prem and the entire Milestone team to continue the Company’s strong growth trajectory. We look forward to working together to expand Milestone’s suite of services and continuing to provide best-in-class solutions to Milestone’s customers.”
