Tuesday, November 03, 2009

RMI acquires SaaS provider ExpressYard

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Atlanta-based software provider RMI Tuesday said it has acquired ExpressYard, a Flint, Mich.-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.

RMI said that ExpressYard has provided SaaS software solutions since 2002 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 data capture and billing, RMI said.

ExpressYard Chief Software Architect Robert Wojciechowski and fellow founding partner Mark Knapp will assume new roles at RMI’s corporate headquarters and will continue to lead the product road map and development of ExpressYard products.  Justin Gillam, ExpressYard’s current Sales and Marketing chief and third founding partner, will continue to work from his base in Michigan representing ExpressYard.

“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 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.”