Print ePS absorbed as part of major merger

Print ePS (a division of eProductivity Software) and CAI Software, two providers of enterprise resource planning (ERP) and production software solutions, have announced that they have combined in a merger of equals.

The newly combined organisation will operate as CAI Software (CAI), with Print ePS becoming the Graphic Communications business unit of CAI.

As part of the transaction, the Packaging division of eProductivity Software will now operate as an independent software company.

The company now has a combined workforce of over 800 employees and offices across North America, Europe, and Asia.

In a statement about the merger, CAI says: “This brings together two trusted leaders with a shared vision: delivering best-in-class software solutions to address complex challenges across specialised manufacturing markets.”

As part of the transaction, CAI has named Brent Pietrzak as its new chief executive officer. Pietrzak previously worked as chief operating officer of software development company, Flexera.

Cort Townsend is the new chief financial officer of CAI, having previously worked in the same role at Tungsten Automation.

Speaking of the new alliance, Pietrzak says: “This merger creates tremendous opportunities for our clients, employees, and partners.

“By aligning our customer-centric strategies, we are building a more dynamic, diversified software leader. The management team at CAI is excited to move forward with a shared commitment to innovation, performance, and growth.”

Symphony Technology Group (STG), the lead investor in both CAI and Print ePS, will continue its investment in the newly combined business.

William Chisholm, managing partner, and Patrick Fouhy, managing director, both at STG, highlight the work of the previous leadership team of CAI, saying: “We’d like to thank Brian Rigney and Dan Vertachnik for their impactful leadership at CAI and Print ePS, respectively, over the past three and a half years.”