October 10, 2014
New York, New York – Cerca Group LLC (“Cerca Group”), a private investment firm based in New York City, today announced the recapitalization of Computer Associates, Inc. (“CAI” or the “Company”), a leading provider of enterprise resource planning (ERP) software and related services to customers in the food, lumber and building materials, precious metals refining, and jewelry manufacturing and distribution industries globally. Cerca Group led the investment group, which included CAI’s management team and Main Street Capital Corporation.
“We are pleased to partner with CAI’s outstanding management team in order to establish a foundation for the Company’s next phase of growth,” said John Bingaman, Managing Principal of Cerca Group. “CAI has established a leadership position in the ERP software industry within its industry verticals, with its software products representing the solution of choice for companies with time-sensitive and complex needs and custom requirements. We look forward to supporting CAI’s management team as they develop new products and services to help customers succeed.”
“We are excited to partner with Cerca Group to take CAI forward into the future,” said James H. McCooey, CAI’s Founder, President and Chief Executive Officer. “Cerca Group has a track record of supporting growth in middle-market technology companies with an emphasis on long-term, patient capital and industry thought leadership. CAI has a 35-year-plus tradition of technology leadership and innovation and best-in-class customer service.”
“There are tremendous opportunities for growth in each of our core verticals,” McCooey added. “The infusion of additional capital will better position us to continue to deliver enhanced, next-generation solutions that drive innovation in the ERP software industry. Together, I am confident that we will achieve great outcomes for our customers, employees, and shareholders.”
The Company announced that there would be no managerial or staff changes associated with the transaction. McCooey will remain in his current position and will become a member of the Company’s Board of Directors.
Financial terms of the transaction were not disclosed. Norton Rose Fulbright LLP advised Cerca Group in the transaction.
CAI (www.caisoft.com) is a leading provider of ERP software and related services to industries including
food, lumber and building materials, precious metals refining, and jewelry manufacturing and distribution. Founded in 1977 and based in Smithfield, Rhode Island, CAI’s customers include hundreds of medium-tolarge enterprises in these industries globally.
Cerca Group (www.cercagroup.com) is a sector-focused, stage-independent private investment firm based in New York City, seeking attractive investment opportunities primarily in the business services and software and communications sectors. Cerca Group seeks to partner with strong management teams and to add value to their efforts by leveraging its network of relationships and its sector experience.
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