Tracsis
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| Company type | Public |
|---|---|
| LSE: TRCS | |
| Industry | IT Services |
| Founded | 2004, in Leeds, England |
| Headquarters | Leeds , UK |
Key people | Chris Barnes (CEO), John McArthur (former CEO), Andrew Kelly (CFO)[1], Christopher Cole (Chairman) |
Number of employees | 777[2] (2020) |
| Website | www |
Tracsis plc offers technologies to monitor and optimise resources in the railway and transport industry. The company is based in Leeds, UK, and listed on the London Stock Exchange.
Products and Services
Originally focused on software to help railway operators manage their operations[3], such as vehicle and crew scheduling, resources management and monitoring[4], it has expanded to cover ticketing, data analytics as well as event management for the wider transport industry.
Clients include Network Rail and bus and train operating companies such as Go-Ahead Group and FirstGroup[5].
History
The company was created as a spinoff of the Computing Department of the University of Leeds[6].
Peeping Ltd, a demand and queueing software and consultancy was acquired in 2009[7].
Vehicle traffic and event monitoring company Sky High was bough in 2013[8].
In 2015, it acquired SEP[9], a company focused on tools for managing evetns such as outdoor entertainment and sporting fixtures; as well as Ontrac, a workflow software company[10].
Ticketing and backoffice software supplier iBlocks[11] joined the group in 2020.
As part of its expansion in North America, the company agreed to supply a major US transit agency with its Remote Condition Monitory solution in 2021[12].
Management
The company was lead by John McArthur from 2005. In 2016, he sold a tenth of his holding in the company[13].
In 2019, he was succeeded by Chris Barnes, previously head of automotive consulting at Ricardo plc.[14]
Stock market
The company has been on the AIM market since November 2007[15].
Some market observers have described it as a business with an economic moat, due to the complexity of the product and the friction costs customers face if they wish to switch to a competitor[16].
In 2014 it won the Growth business of the Year Award from UK Tech Awards[17].
References
- ^ Stephen Farrell (2020-09-20). "New chief financial officer to join Tracsis". Insider Media.
- ^ "TRCS Company Profile". FT Markets Data. Retrieved 2020-11-13.
- ^ Rail consultancy Tracsis steams ahead. 2012-06-26.
{{cite book}}:|work=ignored (help) - ^ Ceder, Avishai (2016). Public Transit Planning and Operation: Modeling, Practice and Behavior (2nd ed.). CRC Press. p. 6. ISBN 978-1466563926.
- ^ "Tracsis". University of Leeds, Spin-out Companies Profiles. Retrieved 2020-11-13.
- ^ "Expanding expertise". Railway Gazette. 2009-08-22.
- ^ Hart, Joanne (2015-11-14). "Rail operating software firm Tracsis could be ticket to rapid returns and it makes train travel more efficient". Financial Mail on Sunday.
- ^ "Acquisition: Tracsis agrees deal for events traffic business". The Yorkshire Post. 2015-09-28.
- ^ "Tracsis buys Ontrac". Railway Gazette. 2015-12-02.
- ^ "Tracsis acquires ticketing software specialist iBlocks". Railway Gazette. 2020-03-23.
- ^ "Leeds software firm Tracsis wins two 'milestone' North American contracts". The Yorkshire Post. 2021-03-04.
- ^ Mohamed, Theron (2016-01-22). "Tracsis boss cuts stake". Investors Chronicle.
- ^ Symcox, Jonathan (2019-01-17). "Leeds software boss to stand down". BusinessCloud.
- ^ "Tracsis first day dealings on AIM after successful placing and admission". IP Group news. 2009-11-27.
- ^ Hobson, Ben (2019-06-19). "Here's why Tracsis PLC is a good long-term stock pick". Stockopedia.
- ^ "UK Tech Awards 2014". 2014. Retrieved 2020-11-13.
Enhanced and added multiple independent references
| This article, Tracsis, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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