Carlyle-Backed RMI Adds On

RMI, an Atlanta-based provider of rail information services to the transportation industry, has acquired Optimization Alternatives, an Austin, Texas-based provider of transportation control systems for intermodal terminals. No financial terms were disclosed. RMI is a portfolio company of Carlyle Venture Partners. Get more info.

PRESS RELEASE

RMI, the largest independent provider of comprehensive rail information services to the transportation industry, today announced it has acquired Optimization Alternatives (OA), an Austin, Texas-based provider of transportation control systems for intermodal terminals. OA will operate as a wholly-owned subsidiary of RMI. Financial terms of the transaction were not disclosed.

Since 1986, OA has been recognized as a provider of real-time control and decision support systems throughout North America. Its flagship product, OASIS, is a comprehensive decision support system that provides intelligent automation of intermodal terminal operations. It uses state-of-the-art algorithms for solving logistical problems that arise in intermodal railyards. OASIS is used at more than 120 intermodal terminals throughout North America.

Founded in 1979, RMI provides critical web-based transportation and logistics solutions for a variety of participants in the transportation industry, including short-line, regional, Class I and terminal switching railroads, railcar leasing companies, rail shippers and barge operators. RMI's mission-critical, integrated services assist customers with many aspects of managing their operations, including transportation, equipment, freight and revenue management services.

RMI Chief Executive Officer J. Peter Kleifgen said, “We are excited about the addition of OA and its suite of transportation control systems to our business. The products and customers of OA will support our strategy of providing critical operating solutions to various segments in the transportation industry. OASIS and other OA applications fit well with our existing suite of products and services, especially since our core rail transportation system has been integrated with OASIS since 1999.“

The day-to-day sales, software development and support operations of OA will remain in place. The employees of OA will continue to work from their existing location and Scott Holland, OA's Director of Software Development, will remain with the company and lead the Austin office. “All of us at OA are looking forward to becoming part of the RMI team. We view this as an opportunity to continue to build upon our reputation as a vibrant and growing company,“ said Mr. Holland.

RMI is a portfolio company of Carlyle Venture Partners III (CVP III), a U.S.-based multi-stage growth capital fund that invests in venture capital, growth equity and growth buyout transactions. CVP III, managed by The Carlyle Group, invests primarily in companies that operate in growth sectors of the economy, including technology, technology-enabled services, business services, telecommunications, media and healthcare.

About RMI

RMI is the largest independent provider of accurate, reliable, comprehensive and secure rail information services to the transportation industry. Founded in 1979, RMI is recognized as the most successful Business Services Provider (BSP) in the industry with an in-depth knowledge of rail operations and a proven ability to translate complex business processes into valuable management information services. Currently, RMI processes approximately seven million carloads annually for railroads, rail shippers and railcar owners. RMI's services are accessed via the Internet through RailConnect