Subbu Bhat

Stories

Diversis Capital buys Tideworks port software from Blackstone-backed Carrix

Remains president; brought in new product and revenue chiefs in October 2026

Tideworks, the Seattle company whose software coordinates container moves at more than 130 marine and intermodal rail terminals, has new owners and two new senior executives. Diversis Capital, the Los Angeles private equity firm that bought majority control from Carrix on October 1, named Mark Traynor chief product and technology officer and Guenter Schmidmeir chief revenue officer on October 20.

Updated Oct 20

Notable Quotes

"As an independent software company backed by Diversis, we are well-positioned to accelerate our product roadmap, expand our global footprint, and continue delivering the innovation and service that terminal operators around the world depend on."

from Diversis Capital buys Tideworks port software from Blackstone-backed Carrix · Updated Oct 20

"Mark's experience in terminal technology, integration and product architecture will help us build more connected and extensible solutions. Guenter's industry and commercial experience will help us enter new markets and build relationships with a broader set of terminal operators."

from Diversis Capital buys Tideworks port software from Blackstone-backed Carrix · Updated Oct 20