CAI Software Acquires Parsable
September 25, 2024
CAI Software, LLC (a portfolio company of Symphony Technology Group) has acquired Parsable, Inc., a cloud-native Connected Worker platform used by tier‑1 manufacturers for production, maintenance, quality, safety and ESG. Parsable CEO Matt Belkin will remain CEO reporting to CAI CEO Brian Rigney; Lightspeed Venture Partners and other existing investors will remain significant investors and David Lincoln of Activate Capital will join the CAI board.
- Buyers
- CAI Software, LLC, Symphony Technology Group (STG)
- Targets
- Parsable, Inc.
- Platforms
- CAI Software, LLC
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Addon
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