US-based Terminal Operating System company Tideworks Technology has been sold to Diversis Capital. “Diversis plans to invest in accelerating Tideworks’ product innovation, expanding its go-to-market capabilities, and deepening its relationships across its global terminal operator and intermodal rail customer bases”.
Tideworks was founded in 1999 and was owned by Carrix, one of the world’s largest privately held marine terminal and rail yard operators. The company is based in Seattle, Washington, but operates in around 130 locations in Europe, North America and Latin America.
“We have been looking for the right vertical software business in the port and logistics technology space for some time”, said Kevin Ma, Co-Founder and Managing Partner of Diversis. “We intend to invest meaningfully in the platform, the team, and the product to ensure Tideworks remains the gold standard for terminal operating systems globally”, he added.