OAKLAND, Calif.– Navis, a part of Cargotec Corporation has acquired Miami-based Octopi, a cloud-based Terminal Operating System (TOS) built for small container and mixed cargo terminals.
The acquisition of Octopi strengthens Navis’s 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 N4 deployment.
Launched in 2015, Octopi is a cloud-based TOS developed exclusively for container and mixed cargo terminals with throughput of around 100,000 TEUs per year. Currently in use at 10 sites in seven countries, Octopi’s TOS solution manages operations in vessel planning and yard management, tracking cargo and communicating electronically in real-time with commercial ocean shipping partners.
“Our customers told us they needed a lighter weight TOS solution to improve the planning and execution of operations for their smaller terminals and easily connect to the supply chain eco-system. The demand for greater process standardization, supply chain control and improved visibility of container flows are key areas of focus for all of our customers,” said Benoit de la Tour, president, Navis.
“By joining forces with Octopi, Navis is heeding the call for more deployment options for both standalone small terminals, and those smaller or remote terminals that are part of a larger global terminal operator network. Offering a cloud-based TOS that is intuitive and quick to implement will enable us to serve an entirely new segment of the terminal market. We’re eager about the opportunity for continued growth and innovation and are proud to welcome Octopi and its customers to the Navis family.”
The TOS includes 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.
“From inception, our focus has been on creating the most user friendly, intuitive, mobile-first TOS in the world,” said Luc Castera, CEO, Octopi.
“We believe that the combination of the Octopi technology with Navis’ market leadership and brand strength will accelerate our growth and deliver more powerful solutions for our customers.”
Following the acquisition, Octopi will continue to operate out of its Miami headquarters under the direction of Castera.
The acquisition does not have a significant impact on Cargotec financials.