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Cai Software Announces Majority Investment By Symphony Technology Group (Stg)

Dec 13, 2021•almost 4 years ago
Smithfield

Description

CAI Software, LLC ("CAI"), a leading software vendor of mission-critical, production-oriented software to the manufacturing and distribution sectors globally, announced today it has received a majority investment from Symphony Technology Group ("STG"), a private equity partner to market-leading companies in software, data and analytics. This partnership includes a significant investment to strengthen CAI's market leadership and product innovation across its portfolio of solutions, including ERP, MES, EDI, WMS and process automation. STG's backing will accelerate CAI's growth in partnership with its existing owners and management team through organic and inorganic initiatives to deepen and broaden CAI's capabilities.

Company Information

Company

Cai

Location

Smithfield, North Carolina, United States

About

The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. CAI has a proud legacy of delivering high-quality software to its customers, and we look forward to continuing to support CAI's management team as they leverage STG's resources to accelerate growth," said John Bingaman, Managing Principal of Iron Creek Partners LLC and former Chairman of the Board of CAI. CAI has more than 900 mid-market and enterprise customers globally, across several key verticals, including food & beverage, lumber & building materials, aerospace & defense, metal fabrication, automotive, manufacturing and distribution.