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Mxi Announces Industry Veteran Bill Cavitt as President and CEO

10/10/2014

Mxi Technologies
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Mxi Technologies Announces Bill Cavitt as President and Chief Executive Officer; Dave Seibel to Continue as Chairman of the Board


Ottawa, Canada (October 10, 2014)
 – Mxi Technologies, the leader in aviation maintenance software, announced today that Bill Cavitt has been named Mxi’s new President and CEO and appointed as a member of the company’s Board of Directors. In this role, Mr. Cavitt will be responsible for working with the executive team to further strengthen Mxi Technologies’ market leadership position and drive growth.

Mr. Cavitt succeeds Dave Seibel, who is retiring after nearly four years of leading Mxi and capping an outstanding executive career for the past 35 years. Mr. Seibel was instrumental in Mxi’s business transformation, and further strengthened the company’s position as one of the world’s leading global aviation maintenance management software companies. Under Seibel, Mxi expanded both its commercial and defense businesses, and developed the strongest product lineup in the industry. He leaves behind a well-established, growing and profitable business, which he will continue to support as Mxi’s Chairman of the Board.

“With such great prospects and opportunities ahead of us, I have decided that now is the right time to step back and allow a new leader to take the company to the next level,” commented Dave Seibel. “Supported by our experienced senior leadership team, Bill is absolutely the right executive to deliver exceptional customer value, innovative solutions, and a long-term product vision.”

Mr. Cavitt joins Mxi from American Airlines, where he most recently served as Vice President – Engineering, Performance Improvement and Quality, based out of the Maintenance and Engineering Base in Tulsa, Oklahoma. In this position, he oversaw all engineering functions for the airline including airframe, power plant, components, M&E quality assurance/inspections, as well as continuous improvement and M&E training.

Mr. Cavitt joined the airline in August 2008 after 29 years in the aviation field, including a career with the U.S. Naval Aviation and Northrop Grumman Corporation. In addition, he co-owned a technical analysis company focused on providing aviation-related classified and technical analytical support to the highest levels in the Department of Defense and Military Service decision makers. He holds a Masters of Science, Aeronautical Engineering and Avionics degree from the Naval Postgraduate School, and a Bachelor of Science degree in Ocean Engineering from the U.S. Naval Academy.

“With today’s announcement, we are confident that Bill Cavitt’s proven aviation maintenance executive experience, together with Dave Seibel’s ongoing guidance and Board-level leadership, will position Mxi favorably for continuous growth and success well into the future,” says James Johnston, Partner, Moelis Capital Partners.  “The board welcomes Bill to the team, and is grateful for Dave’s significant contributions as CEO and President, and ongoing commitment as Mxi chairman.”

About Mxi Technologies
Mxi Technologies is a leading provider of integrated and intelligent maintenance management software, support and services catering specifically to the global aviation industry, including commercial and defense operators, third-party MROs, and OEM aftermarket service providers. Mxi Technologies’ suite of Maintenix® software is uniquely designed to help aviation organizations maximize the revenue potential of their aviation assets through standard, lean, and predictable maintenance. Featuring a modern, Web-based and mobile-enabled architecture, the Maintenix suite delivers advanced capabilities such as controlled workflow, automated maintenance and materials planning, point-of-maintenance access to real-time information, and paperless execution and compliance. Mxi’s global footprint of customers range from emerging, small to midsized organizations to the largest global enterprises, with single to multi-site deployments that scale as high as 6,000 users in a single instance.