RMI, a Carlyle Group portfolio company that provides software to the transportation industry, has acquired ExpressYard, a Flint, Mich.-based provider of SaaS applications that support the billing of railcar repairs for contract shops and railroads in North America. No financial terms were disclosed. ExpressYard will move its Michigan operations to RMI’s Atlanta headquarters.
RMI, a leading independent provider of comprehensive software solutions to the transportation industry, today announced it has acquired ExpressYard, a Flint, Michigan-based provider of SaaS software applications that support the billing of railcar repairs for contract shops and railroads in North America. Financial terms of the transaction were not disclosed. ExpressYard will relocate its Michigan operations to RMI’s headquarters in Atlanta, Georgia.
Since 2002, ExpressYard has provided SaaS software solutions that enable contract repair shops and railroads to manage the billing for railcar repair work. The ExpressYard CRB solution allows repair facilities to manage all aspects of railcar repair and billing activities, ensuring that all repairs are billed in compliance with industry standards and regulations. More than 200 repair facilities throughout North America use ExpressYard CRB for accurate and timely data capture and billing.
Founded in 1979, RMI provides critical 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 railcar repair shops. RMI’s mission-critical, integrated solutions assist its customers with many aspects of managing their operations, including rail transportation, intermodal operations, equipment maintenance and repair, shipment tracking, and freight revenue management services.
ExpressYard Chief Software Architect Robert Wojciechowski and fellow founding partner Mark Knapp will be relocating to Atlanta to assume new roles at RMI’s corporate headquarters and will continue to lead the product roadmap and development of the ExpressYard solutions. Justin Gillam, ExpressYard’s current Sales and Marketing Chief and third founding partner, will continue to work from his base in Michigan representing ExpressYard in the industry. “We are all looking forward to joining the RMI team. RMI is a quality organization that will bring its resources and experience to help us introduce new and improved solutions to the market,” said Mr. Gillam.
RMI Vice President of Marketing Paul Pascutti said, “With the acquisition of ExpressYard, not only are we elevating the quality of our software solutions in the area of repair billing, but we are also adding a high quality team from ExpressYard to our staff. We look forward to building on the ExpressYard platform to bring even greater innovation to the process of railcar maintenance, billing, and auditing.”
RMI is a leading independent provider of Transportation Management Software for carriers and shippers. Founded in 1979, RMI is recognized as the most successful Software as a Service (SaaS) provider in the transportation industry with an in-depth knowledge of rail operations, intermodal terminal operating systems, and multi-modal transportation management. RMI’s software is used to manage rail and intermodal operations, signal and communications maintenance, and end-to-end multi-modal planning and execution for shippers and 3PLs. RMI is a portfolio company of the Carlyle Group and is based in Atlanta. For more information about RMI, visit www.rmiondemand.com.
The ExpressYard repair billing and operations management system (http://www.expressyard.com) is currently used at approximately 200 repair facilities across North America which includes contract shops, regional and shortline railroads. ExpressYard, the industry’s leading freight car repair billing system, is a flagship service offering of SSG Innovations LLC, a software solution provider to the rail industry, headquartered in Flint, MI.
About The Carlyle Group
The Carlyle Group is a global private equity firm with $85.5 billion of assets under management committed to 66 funds as of December 31, 2008. Carlyle invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $54.6 billion of equity in 896 transactions for a total purchase price of approximately $226.6 billion. The Carlyle Group employs more than 890 people in 20 countries. In the aggregate, Carlyle portfolio companies have more than $109 billion in revenue and employ more than 415,000 people around the world. www.carlyle.com