Transportation information services provider RMI has acquired ExpressYard, the Flint, Michigan-based provider of software as a service (SaaS) applications to support the billing of rail car repairs for contract shops and railroads. Terms were not disclosed.
This is the second major rail purchase this year for RMI. In April, it acquired 10East, the Jacksonville, Florida-based provider of SaaS software applications for the signaling and communications sector.
ExpressYard will relocate its Michigan operations to RMI's headquarters in Atlanta. ExpressYard chief software architect Robert Wojciechowski and fellow founding partner Mark Knapp will relocate to Atlanta to assume new roles at RMI's corporate headquarters and will continue to develop ExpressYard solutions. Justin Gillam, ExpressYard's sales and marketing leader and third founding partner, will continue to work from Michigan representing ExpressYard in the industry.
RMI, formed in 1979, provides transportation and logistics solutions for carriers and shippers. "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," said Paul Pascutti, an RMI vice president. "We look forward to building on the ExpressYard platform to bring even greater innovation to the process of rail car maintenance, billing, and auditing."
The ExpressYard repair billing and operations management system is used at about 200 repair facilities across North America. ExpressYard, the freight car repair billing system, was a flagship service offering of SSG Innovations LLC, a software solution provider to the rail industry, headquartered in Michigan.