Mirador Continuing Rapid Growth Trajectory

New debt package underpins Mirador’s fast-paced acquisitive growth across the U.S. and Europe over the past 15 months

INDIANAPOLIS, September 19, 2024—Mirador Software Group (Mirador), a family-owned group of midmarket ERP software companies, today announced it received an influx of growth debt capital from Wells Fargo to fuel the group’s continued expansion in the global ERP application software space. Wells Fargo, one of the largest financial institutions in the world, has partnered with the group following substantive growth and a string of acquisitions over the past 15 months.

“We’re thrilled to bring on a world-class institution like Wells Fargo, knowing the firm’s deep experience supporting acquisitive software groups like us,” said Corbin Tognoni, CEO of Mirador. “The credibility, stability and scale they bring to the table will support our growth strategies for decades to come.”

“Mirador and their management team have decades of experience acquiring and operating ERP software companies. Their thoughtful and founder-friendly approach to asset selection and culture differentiates their platform and has positioned Mirador to be a priority partner for management teams looking to monetize, while retaining a strong cultural identity for their employees. The combination of strong execution, paired with a shared focus on human capital and data, positions Mirador to continue to be a strategic partner in the software space,” said Clay Scovill, Wells Fargo Technology Banking Group Relationship Manager.

Mirador was founded to be the best permanent home for specialized ERP software companies at every stage of growth. “I’m energized that the team at Wells recognizes the differentiated nuances of our investment thesis,” said Tognoni. “Unlike private equity fund led leveraged buyouts, our strategy does not include plans for an exit. Our expectation is to acquire highly specialized ERP companies and help them achieve their highest sustainable market share in perpetuity. Our long-term approach to organic growth and value creation for all stakeholders is unprecedented in this space.”

Richard Furby, COO of Mirador, agreed: “Our message is resonating with founders and owners who wish to safeguard their legacies, and ensure their businesses will serve customers and employees indefinitely. Our promise to protect the brand position and unique value proposition of their products is why we’ve been able to close a remarkable number of proprietary deals since the company was founded in May of 2023.”