ATLANTA — RMI 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.
“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,” RMI Chief Executive Officer J. Peter Kleifgen said. “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.
RMI is the largest independent provider of comprehensive rail information services to the transportation industry.
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.
— Business Wire