MIRUS ADVISED CASCO DEVELOPMENT IN ITS SALE TO CAI SOFTWARE

SMITHFIELD – CAI Software LLC has acquired Portland, Maine-based Casco Development LLC, adding 22 employees to the company, the two companies announced Monday evening.

The acquisition brings CAI ranks to 97, 64 of whom work in Rhode Island. Casco is the developer of a manufacturing execution system called ShopVue.

Casco will maintain its Portland offices, retaining its entire staff, the companies said. CAI also plans to expand the Portland office to hire more workers in consulting, engineering, marketing, sales and account management.

“Casco Development’s ShopVue application is market leading, best-in-class software and there is a tremendous opportunity for growth,” Brian Rigney, CEO for CAI, said in a statement. “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.”

Financial details of the transaction were not disclosed. The deal closed Dec. 7 and was the third acquisition that CAI has completed in 18 months.

CAI Software is a business consulting, enterprise resource planning software development and IT support services company with products and services related to the lumber, seafood, wholesale food processing and distributions sectors, as well as the jewelry manufacturing and distribution, and precious metals recycling, refining and manufacturing sectors.