News
RMI Announces Retirement of Karl Knauff
ATLANTA-(Business Wire)-June 18, 2008 - RMI, the largest independent provider of comprehensive rail information services to the transportation industry, reports that Karl Knauff has announced his intent to retire from RMI effective June 30, 2008. After more than a decade of service to RMI, Karl has decided to spend more time with his family and pursue other leisurely interests. "RMI accepts Karl's decision with mixed emotions," says Pete Kleifgen, CEO of RMI. "While we are happy for Karl that he has reached this new stage in his life, we are also saddened he will be leaving us."
Karl joined RMI in August of 1997 after a long and successful career with IBM. During the next 10 years RMI grew to one of the most successful software-as-a-service organizations in North America. RMI's revenues grew six fold during that period. "Karl's dedication and professionalism have been an important factor in achieving that growth," added Kleifgen. "We now have a great base upon which to build our future."
Knauff has been busy working on a transition plan to insure a smooth process with customers and employees and will be available to RMI after June 30 to help where needed. Kleifgen added "Karl's guidance and business insight during the transition period is needed and appreciated. It is also consistent with the contributions he has made to RMI, our employees and our customers during his career at RMI."
About RMI
RMI is the largest independent provider of accurate, reliable, comprehensive and secure rail information services to the transportation industry. Founded in 1979, RMI is recognized as the most successful Software as a Service (SaaS) provider in the industry with an in-depth knowledge of rail operations and a proven ability to translate complex business processes into valuable management information services. Currently, RMI processes approximately seven million carloads annually for railroads, rail shippers and railcar owners. RMI's services are accessed via the Internet through RailConnect(R) (www.railconnect.com), a web-based portal to the company's integrated suite of proprietary information services, which are used to manage rail operations, improve customer service and reduce costs. Services include transportation, revenue, equipment, shipper freight and fleet management services and related executive information systems. RMI is an independent, privately owned company based in Atlanta. For more information about RMI, visit www.railcarmgt.com.
About The Carlyle Group
The Carlyle Group is a global private equity firm with $81.1 billion under management committed to 60 funds. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $43.0 billion of equity in 774 transactions for a total purchase price of $229.3 billion. The Carlyle Group employs more than 1,009 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world. www.carlyle.com
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