In a blockbuster move set to reshape the government-tech landscape, MGT revealed Wednesday that Ares Management Corp. has pumped $350 million into the firm — a deal that rockets MGT’s valuation to $1.25 billion and positions it for aggressive expansion.
The investment lands like a jolt of electricity in a sector racing to modernize everything from cybersecurity to K-12 academic infrastructure.
A Strategic Bet on SLED Transformation
Founded in 1975, MGT has quietly become a heavyweight in the state, local and education (SLED) market, as well as federal government advisory services. Its broad tech and consulting portfolio targets mission-critical challenges such as:
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Technology modernization
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Artificial intelligence integration
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Campus and cyber security
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Human capital and workforce solutions
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Fiscal and facilities management
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K-12 school performance improvement
With 1,100+ employee-owners, MGT claims to serve 2,500 clients and indirectly impact over 200 million people annually, including 20 million K-12 students.
