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Cambar Software Inc., Charleston, SC, has been acquired by Supply Chain Holdings LLC, a Southeast investment firm, for an undisclosed amount. CSI plans to leverage the new ownership group and funding to accelerate the growth of its supply chain execution software in target vertical markets.
CSI provides software solutions that streamline supply chain operations for business-to-business customers involved in the distribution of products, specifically in the healthcare, high-tech, consumer-packaged goods and food industries.
'The acquisition of CSI is a superb strategic fit,' said Cecil Duffie, a principal of SCH who will serve as CSI's CEO. 'SCH quickly saw an investment opportunity in CSI that is truly unique in today's difficult economy and tight investment environment. The company's superior product functionality, prestigious customer list, seasoned management team and proven sales and services consultants convinced us that CSI can continue to be a dominant software provider in the fragmented but growing supply chain execution space.'
Another SCH principal, Robert Moore, will serve as CSI's chief financial officer. 'Our investment in CSI is a testament to our belief that we will strengthen its leadership position in the supply chain execution market,' Moore said.