Portland, Maine and Smithfield, Rhode Island (December 19, 2018) – CAI Software, LLC (“CAI or “CAI Software”), a leader in the delivery of on-demand enterprise management and resource planning (ERP) systems and software to leading building materials, food processing and precious metals companies globally, today announced that it has acquired Casco Development, LLC, developers of the ShopVue™ manufacturing execution system (MES) software for leading manufacturers globally.
Brian Rigney, Chief Executive Officer for CAI said, “Casco Development’s ShopVue application is market leading, best-in-class software and there is a tremendous opportunity for growth. We also are excited to work with a smart team with an exceptional ‘can do’ attitude right here in Portland, Maine ― one of the best cities in the United States. Our focus will include expanding the team and extending ShopVue’s position as a market innovator.”
Richard Deeran, Founder and President of Casco Development, said, “We are very excited to now be part of the CAI family. They share so many of the values that have made my company great. This includes a deep respect for employees and customers, a commitment to doing it right and being accountable as well as a thoughtful growth strategy based on having solid products and processes in place. All Casco Development stakeholders should benefit.”
“For me personally, this transition is ideal. I’ll do what I love most – working with customers to evolve ShopVue into an even better, quicker-to-implement MES solution,” Deeran added.
Casco Development will maintain its sales and development facility and offices in Portland, Maine and operate as Casco Development, LLC. All current employees will continue in their roles, and Casco Development will begin making immediate additions to its team, with new hires in consulting, engineering, marketing, sales and account management.
Today’s announcement continues CAI Software’s aggressive plans to grow organically, through its current vertical markets and product lines as well as via strategically sound acquisitions. This transaction follows the move earlier this year to acquire Integrated Management Solutions, Inc., developers of the Food Connex™ business management software for meat, seafood and poultry distributors and processors, as well as purveyors of dry goods, provisions and specialty items, produce and farm-to-table businesses. It also builds on the 2018 acquisition of MultiProcess Computer Corporation, an international provider of DataViewTM, the leading enterprise document management solution that makes it easy for customers to quickly store, search and access any type of electronic document.
The transaction closed on December 7, 2018. Financial terms of the transaction were not disclosed.
About Casco Development, LLC
Casco Development ― now 34 years old ― developed ShopVue, the leading manufacturing execution system (MES) software for mid-sized and large manufacturers. ShopVue bridges the gap between the shop floor and your ERP, and optimizes shop floor performance, data collection and control by managing a factory’s orders, people and machines. Its high level of out-of-the-box functionality and commercial off-the-shelf (COTS) interfaces with SAP, Oracle, JD Edwards, Infor XA and Syteline and others reduce implementation cost, time and risk. ShopVue schedules machines, provides Paperless Dispatches with electronic work instructions and QC checklists. OneClick Operator interactions on touch screens along with IoT interfaces to machine controls provide real-time yield and efficiency information on dashboards. Other modules include Labor Management, OEE and Lot Traceability. We are headquartered in Portland, Maine, USA. For more information, please visit www.cascodev.com.
About CAI Software, LLC
CAI Software, LLC is a recognized leader in the delivery of on-demand enterprise resource planning (ERP) and management systems, software, network integration and business consulting services to market-leading companies in the building materials, food processing, precious metals and discrete manufacturing/distribution industries. We are headquartered in Rhode Island, USA. For more information, please visit www.caisoft.com.