STG-backed CAI Software completed the acquisition of Parsable.

STG-backed CAI Software, a provider of industry-specific enterprise resource planning, manufacturing execution and supply chain solutions, completed the acquisition of Parsable, a provider of cloud-native Connected WorkerTM platform used daily by global tier-1 manufacturers for production, maintenance, quality, safety and ESG. Financial terms were not disclosed. "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. 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," Brian Rigney, CAI Software CEO.