Navis Acquires Octopi Terminal Operating System for Small Container and Mixed Cargo Terminals

With Octopi, the Navis TOS Portfolio Adds a Cloud-based Solution to
Address Small Terminals

OAKLAND, Calif.–(BUSINESS WIRE)–Navis,
a part of Cargotec
Corporation
, and the provider of operational technologies and
services that unlock greater performance and efficiency for the world’s
leading organizations across the shipping supply chain, today announced
that it has acquired Miami-based Octopi,
a cloud-based TOS built for small container and mixed cargo terminals.
The strategic acquisition of Octopi strengthens Navis’ ability to
provide transformational 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 modern and lightweight cloud-based TOS
developed exclusively for container and mixed cargo terminals with
throughputs around 100,000 TEUs per year. Currently in use at 10 sites
in seven countries, Octopi delivers a cost-effective and easy-to-use TOS
solution that enables its customers to better manage their operations in
vessel planning and yard management, track cargo and communicate
electronically in real-time with their 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 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.

“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, who will also be
showcasing the Octopi solution and participating at the upcoming Navis
World 2019
in San Francisco on March 25-28.

The acquisition does not have a significant impact on Cargotec
financials.

To learn more, visit www.navis.com
or www.octopi.co

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational
technologies and services that unlock greater performance and efficiency
for the world’s leading terminal operators and ocean carriers. Navis
combines industry best practices with innovative technology and
world-class services to enable our customers to maximize performance and
reduce risk. Whether tracking cargo through a port, automating equipment
operations, or managing multiple terminals through an integrated,
centralized solution, Navis provides a holistic approach to operational
optimization, providing customers with improved visibility, velocity and
measurable business results. www.navis.com

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and
load handling solutions with the goal of becoming the leader in
intelligent cargo handling. Cargotec’s sales in 2016 totaled
approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com

About Octopi

Octopi is the leading developer of cloud based software solutions for
port terminal operators. The Octopi Terminal Operating System (TOS)
helps seaport terminal operators manage their operations, track their
cargo, and communicate electronically and in real-time with their
commercial partners. The Octopi TOS provides small terminal operators
the agility and adaptability required to modernize and efficiently run
their operational ecosystem. www.octopi.co

Contacts

Derek Kober
Navis, LLC
T+1 510 267 5564
derek.kober@navis.com

Katie
Vroom
Affect
T+1 212 398 9680
kvroom@affect.com

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