Exhibit 99.1
 
 
Midas Medici Holdings Reports Record FY2011
 
Financial Results
 
Midas Revenues grow from $51.6 million to $89.7 million, a 73.7% Increase Year-Over-Year as it Expands Operations Into Brazil
 
New York, NY – April 18, 2012
– Midas Medici Group Holdings, Inc. (OTCBB: MMED) (“Midas Medici” or “Company”), a global provider of managed IT services, data centers, IT infrastructure and consulting services, today announced record financial results for the period ended December 31, 2011.

Midas Medici Business Overview

Midas Medici is an innovative provider of comprehensive IT infrastructure services and solutions, including managed services, virtualization and cloud computing to medium sized and large commercial enterprises and government institutions in the United States and Brazil.  Midas’ innovative IT and data center services and solutions focus on “cloud” and managed services, data center services, virtualization, storage, business process outsourcing and smart grid which are fulfilled. Midas provides its services at the customer’s in-house data centers, through its partners’ data centers or through a virtual/shared data center or the “cloud”. Customers use Midas to solve problems related to i) the growth of data in their business ii) their need for different locations for their datacenter assets iii) their need to improve datacenter asset productivity and reduce costs and iv) to handle the complex problems with their large datasets. Midas operates through its StraTech (formally Consonus) and UtiliPoint brands in the US and its Cimcorp brand in Brazil. Midas Medici services approximately 900 customers which include The International Monetary Fund, The State of North Carolina, Avaya, Schooldude.com, Banco Do Brasil SA and Banco Central Do Brasil. The Company generates sales through solutions that include both one-time payments as well as long-term maintenance support and services contracts. Midas’ team of highly-skilled and certified engineers enables the Company to provide unique insights to quickly solving clients’ IT infrastructure challenges.

FY 2011 Highlights

  
Net revenues increase a record 73.7% to $89.7 million
  
15% of net revenue growth organic and 85% of net revenue growth from acquisitions
  
International operations contributed $32.5 million or 36% to consolidated net revenues
  
Gross margin contribution increased 64.4% from $15.0 million to $24.6 million
  
Excluding $4.2 million in acquisition  related non-recurring costs, SG&A as a percent of net revenues dropped from 37.0% to 32.6% as the business scaled
  
Completed acquisitions of Cimcorp, Inc., Energy Hedge Fund Center, WeatherWise, and Consonus (now known as StraTech)
  
Non-GAAP adjusted net loss attributable to common shareholders increased by 6.0% to $5.6 million from 2010 as net revenues increased by 73.7%
  
Non-GAAP adjusted EPS improved from ($1.21) to ($0.71) in 2011
 
 
 
1

The following information was filed by Midas Medici Group Holdings, Inc. (MMED) on Tuesday, April 24, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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