CAI Software, LLC Acquires Alterity, Inc. (Acctivate)

Symphony Technology Group Acquires Majority Stake in CAI Software

December 13, 2021

Software

Symphony Technology Group (STG) has made a majority investment in CAI Software, a Rhode Island–based provider of ERP, MES, WMS, EDI and production-oriented software for manufacturing and distribution. STG said the investment will accelerate CAI's product innovation and growth through organic investments and M&A while partnering with CAI's existing owners and management team.

Symphony Technology Group Makes Majority Investment in CAI Software

December 21, 2021

Software

Symphony Technology Group (STG) completed a majority investment recapitalization of CAI Software, LLC, a provider of ERP, MES and WMS software and related services. Main Street Capital Corporation exited its debt and equity investments as part of the recapitalization and realized a gain while receiving a minority equity stake in the acquirer.

CAI Software Acquires Minotaur Software

August 29, 2023

Software

CAI Software, LLC has acquired Minotaur Software, Ltd., a provider of specialty ERP and traceability solutions for food, meat and seafood processors. The acquisition strengthens CAI’s food-manufacturing capabilities across ERP, MES, WMS, EDI and lot-traceability functionality and will be integrated into CAI’s broader solution portfolio (CAI is majority-backed by Symphony Technology Group).

CAI Software Acquires xTuple (OpenMFG LLC)

July 13, 2022

Software

CAI Software, LLC acquired OpenMFG LLC, which does business as xTuple, bringing xTuple’s mid-market ERP platform for manufacturers and distributors into CAI’s suite of production‑oriented software solutions. CAI is majority‑owned by private equity firm Symphony Technology Group (STG); the acquisition is an add-on to CAI’s platform to expand ERP capabilities, integrations and modular CRM offerings for small‑ and mid‑sized manufacturers.

CAI Software Acquires Parsable

September 25, 2024

Cloud & SaaS

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.

Main Street Capital Provides $19.9M Follow-On Investment in CAI Software

June 16, 2020

Software

Main Street Capital Corporation completed a $19.9 million follow-on investment in CAI Software, LLC to support CAI’s acquisition of a complementary business in the supply chain and warehouse management systems industry. The financing (approximately $19.5 million of first-lien senior secured term debt and $0.4 million of equity) aims to expand CAI’s customer base and service offering in ERP, MES and WMS solutions.