Diversis Capital Acquires Majority Ownership Of Tideworks Technology From Carrix
Diversis Capital LLC, a Los Angeles-based software and technology services-focused private equity firm, announced that it has acquired majority ownership of Tideworks Technology® Inc. (“Tideworks”) from Carrix, Inc. which is majority owned by Blackstone Infrastructure Partners. Tideworks is a full-service provider of comprehensive terminal operating system (TOS) solutions for marine and…
Los Angeles-based private equity firm Diversis Capital LLC has acquired majority ownership of Tideworks Technology®, a leading provider of terminal operating system solutions for marine and intermodal rail operations. The acquisition was previously announced and details were released by Diversis Capital.
Tideworks Technology, founded in 1999, offers a comprehensive suite of software products including Mainsail 10 TOS and Intermodal PRO, serving over 130 facilities globally across North America, Europe, and Latin America. With more than 300,000 logistics professionals using its solutions, the company plays a crucial role in the global port and intermodal infrastructure ecosystem.
The acquisition was finalized after Carrix, Inc., the majority owner of Tideworks, was majority-owned by Blackstone Infrastructure Partners. Diversis Capital aims to expand Tideworks' product innovation, market reach, and relationships with its global customers. The firm will utilize its operational expertise and software-focused strategy to support Tideworks' growth as an independent business.
Both Carrix CEO Uffe Ostergaard and Tideworks President Subbu Bhat expressed enthusiasm for the partnership, highlighting Diversis Capital's deep software experience and collaborative approach. Diversis Capital CEO Kevin Ma emphasized the firm's interest in partnering with Tideworks, a market leader in terminal operating systems, to drive continued growth and innovation in the port and logistics technology space.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
