About Milestone Technologies
Milestone Technologies is a company based in Fremont (United States) founded in 1997 was acquired by The Halifax Group in December 2022. It operates as a Managed Services, Professional Services, and Project Management as a Service (PMaaS). The company has 319 employees as of April 06, 2024. Milestone Technologies has completed 4 acquisitions, including Covestic, Invisible IT and SMCI. Milestone Technologies offers products and services including Applications & Digital Engineering Services, Cloud Transformation, Data & AI Services, Digital Workplace Services, and Managed Services. Milestone Technologies operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Fremont, United States
- Employees 319 as on 06 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Milestone Technologies, Inc.
- Date of Incorporation 14 Sep, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$7.08 M (USD)59.97as on Mar 31, 2023
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Net Profit
$499.79 K (USD)57.97as on Mar 31, 2023
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EBITDA
$800.03 K (USD)64.68as on Mar 31, 2023
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Latest Funding Round
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Investors
Two Sigma Investments
& 2 more
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Employee Count
319
as on Apr 06, 2024
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Investments & Acquisitions
Covestic
& 3 more
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Acquired by
The Halifax Group
(Dec 13, 2022)
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Products & Services of Milestone Technologies
Milestone Technologies offers a comprehensive portfolio of products and services, including Applications & Digital Engineering Services, Cloud Transformation, Data & AI Services, Digital Workplace Services, and Managed Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for application development and digital transformation are provided.
Cloud migration and transformation solutions are offered to clients.
Data analytics and AI solutions are delivered to businesses.
Solutions for enhancing digital workplace experiences are provided.
Comprehensive managed IT services are offered for infrastructure.
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Software Development Team
96 people
Operations Team
25 people
Leadership Team
23 people
Human Resources and Administration
19 people
Senior Team
18 people
Sales and Marketing
14 people
Service Team
12 people
Project Team
7 people
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Funding Insights of Milestone Technologies
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Private Equity Round - Milestone Technologies | Valuation | Two Sigma Investments |
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| Jul, 2015 | Amount | Private Equity Round - Milestone Technologies | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Milestone Technologies
Milestone Technologies has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Two Sigma Investments, H.I.G. Capital and The Halifax Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Offers AI-based, data-driven insights for investment management and decision-making.
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Founded Year | Domain | Location | |
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Private equity capital is invested in small and mid-sized businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Milestone Technologies
Milestone Technologies has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Covestic, Invisible IT and SMCI. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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CRM, CMS, mobile, and web development services are provided.
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2009 | ||||
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IT services are delivered to midsize and enterprise organizations.
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2001 | ||||
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Provider of networking, IT support, and other managed services
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Milestone Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Milestone Technologies Comparisons
Competitors of Milestone Technologies
Milestone Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Milestone Technologies
Frequently Asked Questions about Milestone Technologies
When was Milestone Technologies founded?
Milestone Technologies was founded in 1997 and raised its 1st funding round 18 years after it was founded.
Where is Milestone Technologies located?
Milestone Technologies is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
How many employees does Milestone Technologies have?
As of Apr 06, 2024, the latest employee count at Milestone Technologies is 319.
What is the annual revenue of Milestone Technologies?
Annual revenue of Milestone Technologies is $7.08M as on Mar 31, 2023.
What does Milestone Technologies do?
Milestone Technologies is established as a leading global IT services and digital solutions provider based in Silicon Valley. Services are delivered at scale to accelerate digital operations, develop innovative applications, and drive efficiencies for organizations. Expertise is offered in application services, AI, automation, cloud transformation, digital workplace solutions, and business process services. Specialized platforms such as Salesforce and ServiceNow are supported. Operations span across multiple sectors, empowering enterprises with scalability and agility for sustained growth.
Who are the top competitors of Milestone Technologies?
Milestone Technologies's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Milestone Technologies offer?
Milestone Technologies offers Applications & Digital Engineering Services, Cloud Transformation, Data & AI Services, Digital Workplace Services, and Managed Services.
How many acquisitions has Milestone Technologies made?
Milestone Technologies has made 4 acquisitions, including Covestic, Invisible IT, and SMCI.
Who are Milestone Technologies's investors?
Milestone Technologies has 3 investors. Key investors include Two Sigma Investments, H.I.G. Capital, and The Halifax Group.