Symphony Technology Group Makes Majority Investment in CAI Software

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.

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.

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).

Symphony Technology Group Makes Majority Investment in Celtra

November 10, 2021

Cloud & SaaS

Symphony Technology Group (STG) has signed a definitive agreement to make a majority investment in Celtra Technologies, a creative automation SaaS provider. The investment will back Celtra’s growth plans — expanding its platform from media and adtech into brands and agencies — while partnering with Celtra’s founders and management.

Symphony Technology Group Acquires SAI360 from BPEA EQT

December 14, 2022

Cloud & SaaS

Symphony Technology Group (STG) has entered into and completed a definitive agreement to acquire SAI360, a Chicago‑headquartered cloud risk management and compliance SaaS provider, from BPEA EQT (BPEA Fund VI). The acquisition (terms not disclosed) is intended to accelerate SAI360's product innovation and growth while expanding STG's portfolio in software, data and analytics. The transaction was subject to customary regulatory approvals and closed in 2023 (expected/announced Q2 2023 in press releases).

Symphony Technology Group Completes Recapitalization of Wrike

July 7, 2023

Cloud & SaaS

Symphony Technology Group (STG) completed a recapitalization to acquire full ownership of Wrike from Vista Equity Partners and Elliott Investment Management. As part of the ownership transition, Wrike founder Andrew Filev transitions to Board Advisor and Chief Financial Officer Thomas Scott becomes Interim CEO as the company continues to scale its SaaS work management platform.