Daily News: October 29, 2012

Solis Capital Sells Miro Technologies Stake to Boeing

Lower middle-market private equity firm Solis Capital Partners announced it has sold its stake in Miro Holdings, the parent company of Miro Technologies, to Boeing.

Miro is a software company specializing in enterprise asset management, maintenance, repair and overhaul services, and performance-based logistics management for government and commercial customers worldwide. Terms of the transaction were not disclosed.

Solis acquired Miro from Spirent, a UK-based communications technology company. As a result of the sale, Miro will become part of the Boeing Global Services & Support business.

“We are very proud of the Miro team,” said Craig Dupper, managing partner at Solis. “With Solis as their partner, the team firmly established Miro as the best in the world in its niche. The sale to Boeing is a natural next step in Miro’s evolution, benefitting Miro’s customers and employees as well as Solis investors.”

La Jolla, CA-based Miro Technologies employs approximately 120 people with operations in the United Kingdom, Saudi Arabia, and Oman.