PortandTerminal.com, March 9, 2019
Miami, FL – Miami-based Octopi, a start-up that provides a cloud-based TOS built for small container and mixed cargo terminals, was acquired by Navis, which is part of the Cargotec Corp.
The strategic acquisition of Octopi strengthens Navis’ ability to provide operating software solutions for its terminal customers, regardless of size. With the addition of Octopi to its software portfolio, Navis is better positioned to support thousands of smaller terminals around the world that are eager to modernize terminal operations, yet lack the technology infrastructure and technical expertise required to support a full-scale deployment.
The Octopi TOS features the core planning and execution capabilities including EDI exchange, gate processing, general cargo capabilities, yard management, vessel planning and critical reporting and invoicing functions. Additionally, the solution offers built in Business Intelligence dashboards as well as general cargo capabilities.
Terms of the deal were not disclosed. Oakland, California-based Navis though did say that Octopi would continue to operate out of Miami. Its new parent company, Cargotec, is based in Helsinki, Finland and has over 11,000 employees that specializes in moving cargo.
Octopi was founded in 2015. CEO and co-founder Luc Castera previously said he expects $1 million in guaranteed recurring revenue from customers using its product.
Navis said the Octopi system is used at 10 sites in seven countries. It will provide a lighter weight terminal operating system for its customers, especially those with smaller terminals, the company said.
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