Tracsis
 | This article contains promotional content. (April 2021) |
| 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 manage, monitor, and optimize resources in the railway and wider transport industry. The company is headquartered 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, resource management, and monitoring,[4] it has expanded to cover ticketing, data analytics, and event management for the wider transport industry. The product offering is primarily UK-centric, but with increasingly international offerings.
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 spin-out of the Computing Department of the University of Leeds, and rapidly grew through expansion. The company's first acquisition, Robert Watson Associates, was larger than Tracsis at the time and was spun-out of Loughborough University.
Acquisitions
| Company acquired | Business purpose | Year acquired |
|---|---|---|
| RWA Rail Limited | Consultancy services to the rail sector focusing on operational and strategic planning[6] | 2008 |
| Peeping Limited | Demand and queueing software and research based services to train operating companies including station footfall assessment and rail related surveys[7] | 2009 |
| Safety Information Systems Limited | Data analysis, process control and management reporting software[8] | 2009 |
| MPEC Technology Limited | Remote Event and Condition Monitoring hardware and software[9] | 2011 |
| Sky High Plc | Vehicle traffic and event monitoring[10] | 2013 |
| Datasys Integration Limited | Software for capturing, reporting and analysing the root causes of delays and other performance critical information[11] | 2014 |
| SEP Limited and SEP Events Limited | Traffic planning and management services for the events industry[12] | 2015 |
| Ontrac Limited and Ontrac Technology Limited | Rail safety software[13] | 2015 |
| Travel Compensation Services Ltd, Delay Repay Sniper Ltd and S Dalby Consulting Ltd | Delay repay solutions[14] | 2018 |
| Compass Informatics Limited (Ireland) and Compass Informatics UK Limited | Irish data analytics[15] | 2019 |
| Cash & Traffic Management Limited | Event traffic planning and admission control[16] | 2019 |
| Bellvedi Limited | Timetable planning and optimisation software | 2019 |
| iBlocks Limited | Smart ticketing solutions and delay repay[17] | 2020 |
| Icon Group Limited | Geoscience and spatial data analysis[18] | 2021 |
| Flash Forward Consulting | Strategic, commercial, operations and stakeholder management[19] | 2021 |
| RailComm | US-based provider of rail automation software[20] | 2022 |
Management
The company was led by John McArthur from 2005. In 2016, he sold a tenth of his holding in the company.[21]
In 2019, he was succeeded by Chris Barnes, who was previously head of automotive consulting at Ricardo plc.[22]
Stock market
The company has been on the AIM market since November 2007.[23]
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.[24]
In 2014 it won the Growth business of the Year Award from UK Tech Awards[25]
References
- ^ Stephen Farrell (20 September 2020). "New chief financial officer to join Tracsis". Insider Media.
- ^ "TRCS Company Profile". FT Markets Data. Retrieved 13 November 2020.
- ^ Rail consultancy Tracsis steams ahead. 26 June 2012.
{{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 - Proposed acquisition of RWA Rail Ltd". www.ipgroupplc.com. Retrieved 27 January 2023.
- ^ "Expanding expertise". Railway Gazette. 22 August 2009.
- ^ "Tracsis plc - Acquisition of Safety Information Systems Ltd". www.ipgroupplc.com. Retrieved 27 January 2023.
- ^ "Who we are | MPEC". mpec.co.uk. Retrieved 27 January 2023.
- ^ "Sky High rebrands to Tracsis". Highways Magazine. 16 November 2015.
- ^ "Completion of Acquisition | Regulatory news | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "Completion of Acquisition | Regulatory news | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "OnTrac | Innovative, award winning rail safety software". OnTrac | Rail Safety Software. Retrieved 27 January 2023.
- ^ "Acquisition of Travel Compensation Services Ltd, Delay Repay Sniper Ltd and S Dalby Consulting Ltd | News | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "Completion of Acquisition | Regulatory news | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "Completion of Acquisition | Regulatory news | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "Completion of Acquisition | Regulatory news | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "Completion of Acquisition | Regulatory news | Tracsis". tracsis.com. Retrieved 27 January 2023.
- ^ "Flash Forward Consulting". www.flashforwardconsulting.co.uk. Retrieved 27 January 2023.
- ^ Vantuono, William C. (18 March 2022). "Tracsis plc Acquires RailComm". Railway Age.
- ^ Mohamed, Theron (22 January 2016). "Tracsis boss cuts stake". Investors Chronicle.
- ^ Symcox, Jonathan (17 January 2019). "Leeds software boss to stand down". BusinessCloud.
- ^ "Tracsis first day dealings on AIM after successful placing and admission". IP Group news. 27 November 2009.
- ^ Hobson, Ben (19 June 2019). "Here's why Tracsis PLC is a good long-term stock pick". Stockopedia.
- ^ "UK Tech Awards 2014". 2014. Retrieved 13 November 2020.