Processing software business Maritech acquired by US firm
Seafood processing and logistics software business Maritech has been snapped up by US high-tech group CAI Software.
Maritech is a leading cloud-based ERP (enterprise resource planning) provider for the seafood and logistics industries across the European and North American markets. Founded in Norway, Maritech has an expansive, blue-chip customer bases in the seafood industry, offering solutions such as an “Internet of Things” application, production line monitoring and Maritech Eye, an automated quality control system for salmon and white fish.
The company is now part of the CAI Software portfolio. Broodstock Capital, a major investor in Maritech, will continue to have equity in the new, merged business. In a joint statement CAI Software and Maritech said: “Together, CAI Software and Maritech will build a leading, global seafood ERP platform to serve companies of all sizes.”
Brian Rigney, CEO of CAI Software said: “Combining CAI Software and Maritech brings key granular information for seafood manufacturers of all sizes to make more informed and timely business decisions in this ever-changing business environment.
“As we bring the companies together, we will continue to collaborate with our customers to develop solutions purpose-built to serve the unique requirements of this industry. In our next chapter of growth, I look forward to working with the Maritech team and Broodstock, who will continue to be an investor in the combined company.”
CAI Software is part of a portfolio of companies owned by private equity investor STG.
Maritech CEO, Odd Arne Kristengård, added: “This is a great milestone for us, and a natural next step towards global growth for Maritech. Together with CAI, we will continue to have a laser focus on our Norwegian home market and customers while increasing the international traction that we have built over the last several years.”
Pictured above, from left are: Brian Rigney, CEO CAI Software; Odd Arne Kristengård, CEO Maritech; and and Wesley Jiang, Vice President STG
