Management Controls, Inc. (MCi) Announces Change of Control, Increased Investment in Track Platform
HOUSTON, July 13, 2017 -- 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 platform 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 platform 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 Vince 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.