Railroad Software, a Cumming, Georgia-based provider of rail operations software & managed services, announced a majority recapitalization with Arcadea Group, a global, growth-oriented permanent-hold software investor.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2010 by Jeff Birmingham, Railroad Software offers digital solutions for FRA compliance and rail yard management. The company offers a suite software and hardware products for the rail industry including, TrackAsset (linear asset and inspection management), TrackHOS (Hours of Service), RTMS (rail terminal management), and, through its brand Automated Rail, industry leading AEI & related hardware readers and services.
The transaction will see Jeff Birmingham, founder and former CEO of Railroad Software, retain a significant stake in the business and continue guiding the business as a Board Director. Steve Yoder, who was appointed CEO in Fall of 2023, will continue in his role, leading the business through the next leg of the company’s journey.
FinSMEs
10/04/2024