RMI, the Atlanta-based rail information services provider, has acquired 10East, a Jacksonville, Florida-based provider of SaaS software applications to support the signal and communications infrastructure needs of railroads in North America. Terms of the deal were not disclosed.
Under the arrangement, 10East will operate as a wholly owned subsidiary of RMI and will remain in Jacksonville. Since 2002, 10East has been a leading provider of SaaS software applications that enable railroads to manage all aspects of the design, build, operate and maintain processes of a railroad's signal and communications infrastructure. 10East's RailDOCS® suite of applications provide railroads with the tools to manage the preventive maintenance, test and inspection, and configuration management for their signals.
"We are excited about the addition of 10East and its suite of signal configuration, test and inspection, and plan management software and services," noted RMI CEO Pete Kleifgen. "10East's products and customers will support our strategy of providing additional operating solutions to various segments in the railroad industry."
The day-to-day software development and support operations of 10East will remain in Jacksonville. Lester Hightower, chief technology officer for 10East, will remain with the company in his current role, and Mike Wilson, 10East's CEO and president, will remain with the company and lead the Jacksonville operations.
RMI is a portfolio company of Carlyle Growth Partners, the U.S. growth capital arm of The Carlyle Group.