M&A Deal Summary

CAI Acquires Alterity

On August 23, 2023, CAI acquired software company Alterity

Acquisition Highlights
  • This is CAI’s 7th transaction in the Software sector.
  • This is CAI’s 7th transaction in the United States.
  • This is CAI’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2023-08-23
Target Alterity
Sector Software
Buyer(s) CAI
Deal Type Add-on Acquisition

Target

Alterity

Fairfax, Virginia, United States
Alterity develops, integrates, and maintains our customers' systems and applications, based in Fairfax, Virginia.

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Buyer(S) 1

Buyer

CAI

Smithfield, Rhode Island, United States
Category Company
Founded 1977
Sector Software
DESCRIPTION

CAI is a provider of specialized enterprise resource planning (ERP) software with industry expertise in several industry sectors, including seafood and other food processing and distribution, lumber and building materials, precious metal refining, and jewelry manufacturing. CAI was founded in 1977 and is based in Smithfield, Rhode Island.

DEAL STATS #
Overall 7 of 10
Sector (Software) 7 of 8
Type (Add-on Acquisition) 7 of 10
State (Virginia) 2 of 2
Country (United States) 7 of 8
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-08 xTuple

Norfolk, Virginia, United States

xTuple is a provider of ERP solutions for small to midsized manufacturers and distributors, xTuple’s next-generation ERP platform and application programming interface (API) allow manufacturers and distributors to profitably grow their business. xTuple is based in Norfolk, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 Minotaur Software

Mississauga, Ontario, Canada

Minotaur Software is a niche software developer. The Company looks to offer a practical yet comprehensive software tool, combined with intelligent service to help small businesses. Minotaur Software was formed in 1985 and is based in Mississauga, Ontario.

Buy -
Mergr

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