Management Controls, Inc. (MCi) Announces Change of Control, Increased Investment in Track Platform

HOUSTON–(BUSINESS WIRE)–#ContractedServicesManagement–MANAGEMENT CONTROLS, INC. (MCi), the global leader in contractor
services management (CSM) for heavy process industries, announces a
change of control with founder Bob Harrell retiring and passing the
company reins to long-time investor George Broady and his son,
entrepreneur Vincent Broady.

Management Controls’ Track platform enables heavy process industries to
control costs, automate contract compliance, and gain real-time
visibility into contractor utilization and activity. Track is
implemented at more than 225 sites worldwide, with key verticals
including energy, metals and mining, chemicals, pulp and paper, and
power generation, managing more than $50 billion in contractor spend on
an annual basis.

MCi’s growth plans for Track include mobility solutions for contractor
labor, materials and equipment in remote locations such as in upstream,
pipelines and field operations, as well as enhanced analytics and
reporting modules.

Seasoned software entrepreneur Vincent Broady, the son of company board
member and long-time investor, George Broady, will serve as CEO. The
current Chief Operating Officer Ken Naughton will be promoted to the
role of President. Mike Wangsmo will continue as Chief Technology
Officer.

“The roadmap for Management Controls has become even more exciting. We
are taking our vision for the Track platform and mapping out more ways
to help our customers by increasing our mobility solutions, providing
additional robust reporting features, and helping our customers realize
more benefit from the Track software they have today,” said Ken Naughton
President of Management Controls.

Management Controls plans include hiring a number of new positions in
development, marketing, sales and operations. For information on open
positions, please visit http://www.managementcontrols.com/best-places-to-work-list.

About Management Controls

Management Controls, Inc. is a technology company focused on Contractor
Services Management (CSM) for heavy process industries. Its
market-leading Track platform provides owners and contractors with
accurate, up-to-the-minute cost and schedule information for
turnarounds, capital projects, maintenance and operations that is
fundamental to better decision-making. Founded in 1989, Management
Controls is headquartered in Houston, Texas. Learn more at http://www.managementcontrols.com.

Contacts

Management Controls, Inc.
Tracy DeJarnett, 713.294.9888
[email protected]