Golden Gate Capital buys SCT’s process IT division

Process industries enterprise and e-business software developer SCT is changing hands. Golden Gate Capital is buying the firm, but retaining the existing management team and employees now under veteran CEO Jim Schaper, formerly president and CEO of Dun & Bradstreet Software. The financing deal also includes Parallax Capital Partners, a private investment firm. “Our investment will provide the capital to strengthen the company’s balance sheet and to further enhance the technology and functionality of its software products,” says David Dominik, managing director of Golden Gate Capital. SCT’s software products cover supply chain management and execution and ERP, including forecasting, inventory management, procurement, formula and process management, and customer order management. Customers of its iProcess suite include Godiva, Horizon Organic, Valvoline, Bristol-Myers Squibb, Mead Johnson, Coca Cola Fountain USA, Eastman Kodak, Miller Brewing Company, Molson and GlaxoSmithKline. Schaper says the process sector is “under-served by traditional ERP vendors”, particularly those that have their roots in discrete manufacturing. “Without our solution set, process manufacturers would have to spend enormous amounts of time, money and energy to adapt their ERP and supply chain systems to suit their specific business needs,” he claims.