Smithfield, RI—CAI Software, a software vendor of production-oriented software to manufacturing and distribution sectors, received a majority investment from Symphony Technology Group, a private equity partner to several companies in software, data and analytics.
CAI Software delivers production-oriented enterprise resource planning (ERP), manufacturing execution systems (MES), warehouse management software (WMS), electronic data interchange (EDI), and enterprise process automation (EPA) software and services to leading companies in select vertical markets, including building materials, food processing, precious metals, manufacturing, and distribution.
In the building materials sector, CAI Software offers Ponderosa Millwork Software, which it says is the only ERP solution designed specifically for millwork production and distribution. Used by Jefferson Millwork, Cleary Millwork, and Coastal Millwork, CAI says its Ponderosa millwork software reduces production errors, lessens the need to overstock components to cover production, and improves inventory investment.
CAI Software says the partnership includes a significant investment to strengthen its market leadership and product innovation. “This new partnership with STG will allow us to better support our customers and employees, while accelerating our go-to-market and product development efforts,” says Brian Rigney, CEO of CAI.
Main St. Capital announced it exited its debt and equity investments in CAI Software upon the recapitalization of CAI to Symphony Technology Group. Main St. Capital had been an investor since 2014.
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