CAI Software LLC Acquires Parsable Inc.

• By: admin
• On: 09/26/2024 11:58:35
• In: Member News

AAMP Supplier Member CAI Software LLC, a portfolio company of STG and a leader in industry-specific enterprise resource planning (ERP), manufacturing execution and supply chain solutions to manufacturers and distributors, announced that it has acquired Parsable Inc., a leading cloud-native Connected Worker platform used daily by global tier-1 manufacturers for production, maintenance, quality, safety and ESG.

Founded in San Francisco, Parsable has a blue-chip customer base in the food & beverage, oil & gas, chemical, and various process and discrete manufacturing industries across the globe, including such notable brands as Grupo Bimbo, Reyes Coca-Cola Bottling, and Holcim. Their leading SaaS-based platform has helped transform customers' plant floors from paper-based to paperless with its powerful mobile solution and AI-powered analytics that improve mission-critical production and operational KPIs. Together, CAI Software and Parsable will focus on building solutions that transform how manufacturers drive greater efficiency and transparency across their organizations. 

“Combining CAI Software and Parsable brings digital instructions to manufacturers which layers in with their existing manufacturing execution and warehousing systems to drive production, quality, safety, and operational improvements,” said Brian Rigney, CEO of CAI Software. “As we bring the companies together, we will continue to collaborate with our customers to develop purpose-built solutions to serve the unique requirements of their industry. In our next chapter of growth, I look forward to working with the Parsable team and continuing to innovate the Parsable platform.”

“This marks a pivotal moment for our industry,” says Parsable CEO Matt Belkin. “Together with CAI, we're setting a new standard, equipping frontline workers with innovative digital tools that elevate productivity, safety, and quality to new heights. This partnership propels us toward a future where manufacturing is more connected, agile, and transformative than ever before.” 

“Parsable has been an early innovator and leader in the connected worker vertical and is mission-critical to daily operations of tier-1 manufacturers globally,” said Wesley Jiang, Vice President of STG. “Parsable will deepen CAI's manufacturing capabilities in providing a comprehensive suite of ERP, supply chain and manufacturing solutions.”

Barry Eggers, Founding Partner, Lightspeed Venture Partners, added, "Parsable pioneered the connected worker movement 10 years ago, transforming how frontline workers operate. Now, with CAI, that vision can scale across the entire supply chain. Together, they are set to redefine productivity and efficiency in manufacturing, enabling companies to unlock unprecedented value from the factory floor to the global supply chain."

Lightspeed Venture Partners and other existing investors will remain significant investors in the combined company. David Lincoln of Activate Capital will join the CAI Board of Directors and Matt Belkin will continue as CEO of Parsable reporting to CAI CEO Brian Rigney. 

For more information visit www.caisoft.com.