Mirador Software Group is a holding company specializing in the acquisition and management of highly specialized Enterprise Resource Planning (ERP) software firms. The company's mission is to provide a permanent home for ERP companies, ensuring the longevity and growth of their legacy products and services. By focusing on long-term value creation, Mirador Software Group aims to honor the commitments made to customers and employees of the acquired companies.
Key Strategic Focus
Mirador Software Group's strategic focus centers on acquiring and operating specialized ERP software companies at various stages of growth. The company emphasizes a "buy to keep" approach, applying a permanent capital model designed to retain customers for life. This strategy involves ensuring that the acquired ERP products remain the most effective and economical solutions for their users. Mirador leverages its extensive experience in the ERP sector to develop unique strategies that help each business achieve its full potential.
Financials and Funding
As a privately held company, Mirador Software Group does not publicly disclose detailed financial information. However, the company's approach involves providing investment capital to its subsidiaries and affiliates, managing financial resources to support acquisitions, mergers, and strategic alliances. This financial management includes the allocation of investment capital, acquisition, management, and transfer of company equity, as well as financial reporting and advising to subsidiaries and affiliated companies.
Pipeline Development
Mirador Software Group focuses on the continuous development and enhancement of the ERP solutions offered by its subsidiaries. By applying a long-term perspective, the company ensures that these products evolve to meet changing market demands and technological advancements. This commitment to ongoing development supports the sustained growth and relevance of the ERP solutions within their respective industries.
Technological Platform and Innovation
Mirador Software Group distinguishes itself through its proprietary methodologies and deep industry expertise in managing ERP software companies. The company's approach includes:
- Proprietary Technologies: Utilizing a proven model for acquiring and operating ERP software firms, refined over more than a decade of experience.
- Significant Scientific Methods: Implementing strategic frameworks that address long-term challenges with sustainable solutions, ensuring the continuous improvement and competitiveness of ERP products.
This focus on innovation and strategic management positions Mirador Software Group as a leader in the ERP software industry.
Leadership Team
Mirador Software Group's leadership comprises seasoned professionals with extensive experience in the ERP and technology sectors:
- Corbin Tognoni, CEO: Over a decade of experience in investing and operating ERP software businesses, having deployed over $500 million of capital across more than 20 financial transactions. Previously served as CFO of Forterro, a global ERP software group.
- Richard Furby, COO: Brings 25+ years of technology leadership, sales, and consulting experience, having worked with leading companies such as Siemens, Standard Life, AIG, Virgin Media, Telefonica, Starbucks, and Pepsi. Held multiple executive roles at Forterro.
- Melissa Stahley, CMO: Over 20 years of experience in the ERP and application software space, overseeing teams responsible for demand generation, corporate communications, business development, product marketing, and HR at Forterro and Consona.
- David Moreira, CTO: Over two decades of experience as a software engineer/architect and technology leader, with significant technical leadership and management positions at companies like Charles Schwab, 3M, and PayPal.
- Jeff Tognoni, Chairman: A pioneer in developing build-and-buy investment strategies for the ERP software space, serving as founder and CEO of both Consona and Forterro, evolving single midmarket ERP companies into multi-product international groups.
- Steve Bailey, Technology Advisor & Board Member: Over 20 years of experience as a Chief Technology Officer, including acquisition due diligence, integration of acquired firms, and continuous improvement of R&D operations and product architectures in the US, Europe, India, and Morocco.
- Brian Branecky, Director, Strategic Finance & Corporate Development: Nearly a decade of experience in the application software space, previously handling FP&A for an international multi-product software group, as well as strategic modeling for the company's M&A engine.
Leadership Changes
There have been no recent significant changes or appointments within the company's leadership team. The current leadership has been instrumental in shaping and executing Mirador Software Group's strategic vision.
Competitor Profile
Market Insights and Dynamics
The ERP software market is characterized by a large and loyal customer base supported by tenured and dedicated employees. Specialized ERP software companies often serve as unsung market leaders, providing critical solutions that fuel communities, economies, and entire ecosystems of stakeholders. The ownership timeline of investors should align with the ownership timeline of customers, as private equity technology investors typically hold on to a software company for 4.5 years on average before selling it, while customers hold on to their ERP system for an average of 10+ years.
Competitor Analysis
Key competitors in the ERP software acquisition and management space include:
- Elysys: Pioneered the use of Microsoft's next-generation ERP applications in the financial services sector, focusing on providing innovative, comprehensive, and cost-effective solutions to the global family office industry.
- SS&C Family Office Services: Delivers solutions to family offices for handling complex securities, sophisticated investment strategies, multi-tiered ownership structures, global investments, and increasing regulatory demands.
These competitors focus on acquiring and managing ERP software companies, emphasizing long-term value creation and customer retention.
Strategic Collaborations and Partnerships
Mirador Software Group's approach involves forming strategic alliances and partnerships that strengthen its market position and innovation capacity. By collaborating with founders and owners of specialized ERP software companies, Mirador ensures the preservation and growth of their legacy products and services. This collaborative approach fosters a shared vision for long-term success and value creation.
Operational Insights
Mirador Software Group's strategic considerations include:
- Market Position: Establishing itself as the best permanent home for specialized ERP software companies, offering a long-term, never-sell approach to growth and value creation.
- Competitive Advantages: Leveraging a proven model for acquiring and operating ERP software firms, combined with deep industry experience and a commitment to long-term customer relationships.
These operational insights enable Mirador to differentiate itself in the competitive landscape and deliver sustained value to its subsidiaries and their customers.
Strategic Opportunities and Future Directions
Mirador Software Group's strategic roadmap includes:
- Expansion: Identifying and acquiring additional specialized ERP software companies to broaden its portfolio and market reach.
- Innovation: Continuously enhancing the technological capabilities of its subsidiaries to meet evolving market demands.
- Customer Retention: Implementing strategies that ensure long-term customer relationships and satisfaction.
By capitalizing on these opportunities, Mirador Software Group aims to solidify its position as a leader in the ERP software industry.
