North America’s Largest Woodworking Event

#IWF2024

Industry & Trends

Computer Associates CAi Software Acquired by Investors

BACK TO NEWS

December 30, 2021 | Bill Esler

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.

BACK TO NEWS

More Industry & Trend News

  • IWF Donates to MiLL Training Center

    January 17, 2023

  • What’s the Fed Going to Do Next with Rates?

    January 17, 2023

  • CES Debuts Are Now Much More than Just New TVs

    January 17, 2023

Get the latest industry news & IWF updates.


Subscribe Now

Terms & Privacy Policy

© 2020 International Woodworking Fair, LLC Terms of Use & Privacy Policy

3520 Piedmont Rd NE #350, Atlanta GA 30305 | (404) 693-8333

loading … please wait