Midas Medici Announces New UtiliPoint Analytics Service to Support Its Smart Grid Mission

NEW YORK, June 17, 2011 /PRNewswire/ -- Midas Medici Group Holdings, Inc. ("Midas") (OTCBB: MMED), an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, today announced that its UtiliPoint brand has launched its latest service offering, UtiliPoint Analytics—sophisticated methodology and tools to advance Smart Grid applications, Smart Meter data management, and data center efficiency solutions.

"Through our UtiliPoint brand, Midas Medici's mission is to advance Smart Grid solutions through custom research, market data and management, technology and policy consulting services both domestically and internationally," stated Nana Baffour, CEO and Co-Founder of Midas Medici.  "By launching UtiliPoint Analytics, which was made possible after rebranding and repositioning our acquisition of WeatherWise in May, Midas is able to further leverage its Consonus and UtiliPoint brands as we set out to monetize the various sophisticated technologies at our disposal."

"UtiliPoint Analytics will provide additional resources to expand opportunities through software for Smart Grid applications and solutions, as well as drive analytics around Smart Meter data management," said UtiliPoint COO and Managing Director Bob Bellemare.

Using sophisticated heuristic algorithms to analyze the energy consumption data of commercial and residential customers, we believe that the accuracy of the models surpasses the most advanced methods currently available to energy companies from academic and research institutions. This accuracy is especially important in the reduction of risks and costs, improving the clarity in observation of consumer behavior changes.

UtiliPoint Analytics encompasses rate/pricing design, fixed bill and capped bill products, advanced budget billing, business/asset valuation and program support services. Also included, is patented energy efficiency and carbon footprint monitoring.

"This is an exciting opportunity for our experts to enter the rapidly growing world of grid digitization and to assist our clients with managing, analyzing and making meaningful use of the massive amounts of data being generated by Smart Grids," said Managing Director of UtiliPoint Analytics, Rand Warsaw.

About Midas Medici Group Holdings, Inc.

Midas Medici Group Holdings, Inc. (OTCBB: MMED) is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies.  Across its Consonus and UtiliPoint brands, Midas works with its customers by optimizing IT and data center investments, cutting energy usage and preventing data loss, all while maximizing productivity.  Through a management team with decades of experience, Midas is positioning itself to take advantage of the high-growth IT industry through its unique specialized services at the intersection of energy and technology.  

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For more information on Midas Medici, please visit: www.midasmedici.com.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Company Contact:

Johnson Kachidza
Chief Financial Officer
212-792-0920

Investor Contact:

Trilogy Capital Partners
Darren Minton, President
Toll-free: 800-592-6067
[email protected]

SOURCE Midas Medici Group Holdings, Inc.