KMS Technology receives major Sunstone Partners investment
GEORGIA, UNITED STATES — KMS Technology, a provider of digital engineering services, has secured a strategic investment from private equity firm Sunstone Partners.
Strategic investment boosts global tech services
KMS Technology is renowned for its tailored solutions across digital engineering, data, AI, and consulting, utilizing a blend of onshore, nearshore, and offshore resources.
The deal aims to accelerate KMS Technology’s growth and expand its service offerings in the digital transformation space.
“This partnership represents a significant milestone for us and aligns perfectly with our vision to accelerate growth and elevate the impact of our services,” said Leo Tucker, CEO of KMS Technology.
KMS Technology’s market position and growth
Founded in 2009 and headquartered in Atlanta, KMS Technology employs over 1,300 professionals across its operations in the United States, Mexico, and Vietnam. With an annual revenue of $276.9 million, KMS has built a reputation in sectors like healthcare, enterprise software, and financial services.
Sunstone Partners, which manages $1.7 billion in committed capital across three funds, sees potential in the partnership.
“We are still in the early innings of massive digitization efforts across enterprises, further accelerated by increased demand related to next-generation data and AI-enabled applications. We see tremendous opportunity in partnering with KMS Technology to apply our expertise to help accelerate growth and innovation,” said Julian Hinderling, Partner at Sunstone Partners.
Healthcare innovation and digital transformation
The investment comes at a time when KMS Technology has established itself as a key player in healthcare technology, having delivered transformative solutions that impact over 100 million patient visits.
Vu Lam, Co-Founder and Board Chairman of KMS Technology, emphasized that “the investment from Sunstone Partners is a powerful validation of our business model and will help us scale even further.”
Canaccord Genuity and Choate Hall & Stewart served as advisors to Sunstone Partners, while Houlihan Lokey and Nelson Mullins Riley & Scarborough advised KMS Technology on the transaction.
