Platinum Equity
Mergers. Acquisitions. Operations.

Mergers. Acquisitions. Operations.

Platinum Equity Company International Offshore Services Selects MarineCFO

Press Release · July 19, 2011

New Orleans, LA—MarineCFO Inc., the leading provider of Marine Software including On-Vessel, Marine Operations, Personnel, Fleet Maintenance, and Financial Management Software Solutions to the Marine Transportation Industry, announced today that Platinum Equity Company, International Offshore Services, has chosen to implement the full MarineCFO Enterprise software suite.

International Offshore Services, LLC was formed in 2006 by combining International Marine (started in 1996) and International Construction Group. Through its wholly-owned subsidiaries International Offshore Services provides a comprehensive range of offshore services including construction barges and offshore support vessels. International Offshore Services employs over 450 individuals, has the largest number of utility boats in the Gulf of Mexico, and is headquartered in Larose, LA.

"We are committed to leveraging technology to improve operating data and control across all of our business segments," said Richard Currence, CEO of International Offshore Services. "After reviewing the market, MarineCFO was the clear choice for International Offshore Services. We chose MarineCFO Enterprise because it is a flexible, yet robust, platform that can handle the differing aspects of our business and has the ability to grow as our business grows."

"Whether it is in our boat business or marine construction business we see technology as a means to better serve our clients." added Currence. "During the decision process, MarineCFO demonstrated that they have the software and the experienced team to make our project successful."

"We are pleased International Offshore Services selected MarineCFO as their technology partner," said Joe Galatas, President of MarineCFO Inc. "International Offshore Services is an organization that embraces the use of technology to improve their operational efficiency in their business. The MarineCFO Enterprise software suite will not only provide International Offshore Services with a comprehensive solution, but also a solution that can be tailored to their specific needs."

About MarineCFO, Inc.
MarineCFO is the leading provider of Marine Software, including On-Vessel, Marine Operations, Personnel, Fleet Maintenance, and Financial Management Software Solutions to the Marine Transportation Industry. MarineCFO solutions are scalable from the largest industry players to small, family-run companies. MarineCFO provides MarineCFO Enterprise, a comprehensive behind the fire-wall solution, and MarineCFO Live!, an on-demand, web-based solution.


Investor Relations
and Media Contacts:

Mark Barnhill
+1 310.228.9514 E-mail Mark

Dan Whelan
+1 310.282.9202 E-mail Dan




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