Solis Sells Software Maker to BoeingFriday, October 26, 2012
Newport Beach-based private equity firm Solis Capital Partners has sold its stake in Miro Holding Inc. to Boeing Co.
Terms weren’t disclosed.
Miro, the La Jolla-based parent of Miro Technologies, develops software for the aerospace, defense and commercial aviation markets. Its roster of clients includes Lockheed Martin Corp., Northrop Grumman Corp. and the National Aeronautics and Space Administration.
Miro has 120 employees globally, including operations in the United Kingdom, Saudi Arabia and Oman.
It will be integrated into Boeing’s global service and support unit, according to Boeing.
Solis acquired Miro from U.K-.based technology company Spirent Communications plc in 2004.
The private equity firm typically invests in companies with revenues between $15 million and $150 million.