June 8, 2010

La Jolla Firm Gets Kudos for DOD Work

Miro Technologies recognized as top solution provider

La Jolla, CA – June 8, 2010 – Miro Technologies (Miro), a portfolio company of Solis Capital Partners, has been named a top solution provider in the Performance Based Logistics (PBL) space by World Business Research (WBR).

Miro is being recognized for advancing maintenance and support contracts, systems, equipment, performance and sustainment for logisticians and their teams throughout the Department of Defense agencies and services.

“We are proud that Miro has become the global leader in its market niche,” said Craig Dupper, Miro Director and Solis partner. “This award recognizes Miro as a Preferred Solution Provider and a critical mission partner.”

Miro provides advanced software solutions that manage maintenance, repair and overhaul (MRO) for high-value, complex assets including aircraft, satellites, ships and ground-based vehicles.

“Miro is truly the David among Goliaths in a competitive niche that includes mega-companies such as Oracle and SAP,” said Dupper. “When Solis partnered with Miro in 2004, we knew it had significant potential. It is rewarding to see the marketplace confirm that we were right.”

Miro Technologies President and CEO Vincent Monteparte added, “The DNA of our company has been around for almost 30 years. Since Solis funded our management-led buyout in 2004, we have focused on improving our software, while satisfying current customers. It’s working. We’ve achieved a consistent service contract renewal rate of 98 percent. Miro’s investment in product development is also paying off in the form of new customer wins.”

Miro’s technology is keeping planes in the air, ships at sea, satellites circumnavigating the earth and weapons systems in mission-ready condition –– for some of the largest, most sophisticated defense contractors, manufacturers and military organizations in the world.

“We operate in a highly competitive market space,” said Monteparte. “But we’ve been victorious more often than not. That’s because our maintenance and supply-chain technologies are specifically designed for military maintenance and supply management requirements. Competing products are often designed for a broader, less specialized customer. In our niche, Miro Technologies is less expensive, more flexible, quicker to respond and better positioned to provide the required solution.”

Miro Technologies® provides advanced solutions for Aftermarket Logistics, Maintenance and Supply management in the Aerospace & Defense and Commercial MRO markets. GOLDesp™, Miro’s battle-tested, fully deployable flagship application, features an “Any Asset, Anywhere, Anytime™” approach to performance based logistics (PBL) and new 'ePBL' portal capabilities to ensure the highest levels of support. Since 1981, Miro has been a trusted partner to major aerospace and defense companies, commercial airlines and military forces across five continents.

About Solis Capital Partners, L.L.C.

Solis Capital Partners (www.soliscapital.com), founded in 2002, is a disciplined and innovative private equity firm focused on the middle market. Solis favors service and manufacturing companies with enterprise values ranging from $10 to $100 million, with solid management, strong business fundamentals, market cycle resilience, a history of profitability and potential for organic growth.

Contact: Linda Ames, APR
Ames & Associates
949.300.2545
linda@amescommunications.com

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