#United States #Los Angeles #Diversis Capital #Tideworks Technology #Carrix

Diversis Capital Acquires Majority Ownership of Tideworks Technology

On October 1, 2026, Diversis Capital LLC, a private equity firm based in Los Angeles focusing on software and technology services, made headlines with the acquisition of a majority stake in Tideworks Technology® Inc., a major player in terminal operating system (TOS) solutions. This strategic move was made possible through the purchase from Carrix, Inc., which is primarily owned by Blackstone Infrastructure Partners.

A Milestone Acquisition

This transaction marks a pivotal moment for Diversis as it continues to diversify its portfolio and prioritize investments in market-leading vertical software businesses. Tideworks Technology is key in the marine and intermodal rail terminal operations industry, providing comprehensive software solutions to over 130 facilities worldwide. The acquisition positions Diversis to leverage Tideworks’ established expertise in optimizing cargo transportation operations, ensuring a more significant influence in the logistics sector.

Tideworks' Global Reach

Founded in 1999, Tideworks has emerged as a global software brand specializing in TOS solutions. Its flagship products, including Mainsail 10 TOS and Intermodal PRO, are utilized by over 300,000 logistics professionals daily. This vast network underscores Tideworks’ mission-critical role in the port and intermodal infrastructure ecosystem, providing vital support to terminal operators across North America, Europe, and Latin America. The company's focus on enhancing efficiency, customer service, and productivity makes it an attractive entity for investment.

Future Plans with Diversis Capital

Diversis is set to fuel Tideworks’ future growth by investing in product innovation, expanding market reach, and enhancing customer relationships globally. The firm aims to apply its operational expertise and a software-focused approach to value creation, cementing Tideworks’ status as a standalone leader within the industry.

Uffe Ostergaard, CEO of Carrix, emphasized the importance of finding a suitable partner for Tideworks' evolution: "Tideworks has been a cornerstone of Carrix, and we trust Diversis to enhance its capabilities and foster further growth. Both companies share a dedication to quality and innovation."

Subbu Bhat, President of Tideworks, reiterated the excitement surrounding the acquisition: "This is a transformative moment for Tideworks. Being independent while backed by Diversis enables us to accelerate our developmental roadmap and continue providing innovative solutions that our customers rely on for global logistics optimization."

Diversis Capital’s Commitment

Kevin Ma, Co-Founder and Managing Partner at Diversis, shared insights into the acquisition's significance: "Finding an impactful vertical software company like Tideworks was a priority for us. With a proven track record, a dedicated client base, and a talented management team, Tideworks is poised for continued success. Our commitment will focus on investing in team capabilities and product advancements to maintain its gold standard in terminal operations."

Conclusion

Tideworks Technology Inc., a provider of terminal operating systems, launched in Seattle, Washington, has established itself as a vital operator within the global logistics landscape. As it enters this new chapter under Diversis Capital's stewardship, Tideworks is set to enhance its products and expand its influence in the maritime and rail industries. Through strategic investments and dedication to innovation, both firms are aligned in propelling logistics technology into the future.

For additional information about Tideworks Technology, visit www.tideworks.com. For details on Diversis Capital, view their profile here.