Cambridge Capital Acquires Majority Stake in STAT Recovery
May 29, 2024
Cambridge Capital has made a majority investment in STAT Recovery, a machine-learning invoice audit software platform that helps retail suppliers recover improper deductions and compliance fines. The investment will fund technology enhancements, expansion into additional retail ecosystems, and go-to-market growth; Cambridge has appointed Kamal Sundar as CEO and added senior industry executives to STAT's board.
- Buyers
- Cambridge Capital
- Targets
- STAT Recovery
- Industry
- Cloud & SaaS
- Location
- Arkansas, United States
- Transaction Type
- Buyout
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