Las Vegas, NV (PRWEB) August 30, 2005
Mobile Productivity, Inc. (MPi), a premier supplier of proprietary diagnostic, repair information and service merchandising solutions to the automotive industry, announced today the appointment of Bob Pringle as Executive Vice President and CFO. Mr. Pringle also serves as a member of MPi's Board of Directors, where he has been an active director since February, 2003.
Pringle is a seasoned leader and 20-year veteran of technology ventures ranging from startups to Fortune 100 businesses to private equity firms. He has conceived, founded and built businesses to $25-50 million in revenue, and is skilled in managing full P&L, strategic planning, raising capital in private and public markets, sales and marketing, operations, technology, merger and acquisition, financial planning, recruiting and cost-containment. He has broad experience in applying technology to accelerate the growth of businesses of all sizes.
"Bob makes a wonderful addition to the MPi team as we enter this stage of prime growth and development. His financial and technology background are a good fit for our highly innovative diagnostic and merchandising solution for the automotive repair industry. The MPi solution addresses one of the largest issues facing the automotive industry today - the ability to reliably service the increasingly complicated vehicles in a cost effective and high quality manner. Bob will be responsible for the overall financial stewardship, information systems management and Human Resources," stated Les Silver, MPi CEO/President.
Prior to joining MPI, Pringle served as a Managing Director for Brandywine Executive Partners, LLC and for the past four years as a consultant ("entrepreneur-in-residence") for Warburg Pincus. His experience includes president and co-founder of InteliHealth (a Webby Award winning joint venture of Johns Hopkins Medicine and Aetna U.S. Healthcare); president of The Network Connection (a broadband services provider); and a variety of leadership roles at Reuters, VNU, Arbitron, Price Waterhouse, and IBM.
Mr. Pringle holds a BS from the University of Pennsylvania's Wharton School of Business, a BAS from the University of Pennsylvania's Moore School of Electrical Engineering, and an MBA in Finance with honors from the University of Chicago.
Commenting on his new appointment, Pringle stated; "the auto repair industry faces the dual challenges of exponential growth in vehicle complexity and rising difficulty in attracting, training and retaining capable service technicians. I'm excited to join MPi as we launch products that directly address these problems and establish a leadership position in the service and repair information industry."
About Mobile Productivity, Inc:
Mobile Productivity, Inc. (MPi) provides a highly innovative and proprietary diagnostic, repair information and service merchandising solution to the automotive industry. MPi's solution addresses two of the largest challenges facing the automotive industry: the ability to reliably service increasingly complicated vehicles in a cost effective, profitable, and high quality manner and the ability to increase customer pay profits through non-warranty vehicle inspections and repairs.
MPi's Advanced Repair Guidance Information System (ARGIS™) enables progressive service departments to increase efficiencies and profits by streamlining vehicle diagnostics using a customized repair information system that easily walks a technician and service advisor through the diagnosis using OEM provided data, all supportive wiring diagrams, Technical Service Bulletins and service information. ARGIS™ also provides service departments the ability to effectively increase customer pay sales using an automated inspection process, Know Your Vehicle™. These detailed inspection processes are proven to deliver a 2-to-1 return on investment giving service departments the ability to maximize all the revenue that's available to them.
MPi is backed by Warburg Pincus, a global leader among the top private equity and venture capital firms. Since 1971, Warburg Pincus has invested
more than $16 billion in 480 companies in 30 countries.
Throughout its 35-year history in private equity, the firm has invested at all stages of a company's life cycle, from founding start-ups and providing growth capital to leading restructurings, recapitalizations and buy-outs.
Headquartered in Las Vegas, NV, MPi has offices in Orem, UT and Roseville, MN. Supporting the company's commitment to excellence, MPi employs over 180 dedicated automotive industry professionals.
For marketing and media questions please contact Susan Lovett at (800) 997-1674 x2010, email:slovett @ mpifix.com or visit http://www.mpifix.com
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