RMI Acquires SaaS Provider ExpressYard

Tue Nov 3, 2009 6:00am EST
 
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ExpressYard Car Repair Billing System the Most Widely used in North America
ATLANTA--(Business Wire)--
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." 

About RMI

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. 

About ExpressYard

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

RMI
Jennie Baker, 404-350-6471
Jennie.Baker@rmiondemand.com
or
Carlyle
Chris Ullman, 202-729-5399
Chris.ullman@carlyle.com


Copyright Business Wire 2009

 

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