Tracsis

Tracsis plc offers technologies to manage, monitor and optimise resources in the railway and wider transport industry. The company is headquartered in Leeds, UK, and listed on the London Stock Exchange.

Tracsis plc
TypePublic
LSE: TRCS
IndustryIT Services
Founded2004 (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)
Websitewww.tracsis.com

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 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 spin-out 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 bought in 2013.[8]

In 2014 Tracsis acquired Datasys, a Manchester-based transport industry software specialist. [9]

In 2015, it acquired SEP,[10] a company focused on tools for managing events such as outdoor entertainment and sporting fixtures; as well as Ontrac, a workflow software company.[11]

Ticketing and back-office software supplier iBlocks[12] 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.[13]

Management

The company was led by John McArthur from 2005. In 2016, he sold a tenth of his holding in the company.[14]

In 2019, he was succeeded by Chris Barnes, previously head of automotive consulting at Ricardo plc.[15]

Stock market

The company has been on the AIM market since November 2007.[16]

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.[17]

In 2014 it won the Growth business of the Year Award from UK Tech Awards[18]

References
  1. Stephen Farrell (20 September 2020). "New chief financial officer to join Tracsis". Insider Media.
  2. "TRCS Company Profile". FT Markets Data. Retrieved 13 November 2020.
  3. Rail consultancy Tracsis steams ahead. The Yorkshire Post. 26 June 2012.
  4. Ceder, Avishai (2016). Public Transit Planning and Operation: Modeling, Practice and Behavior (2nd ed.). CRC Press. p. 6. ISBN 978-1466563926.
  5. Frazer, Steven (25 July 2013). "Tracsis makes progress at high speed". Shares Magazine.
  6. "Tracsis". University of Leeds, Spin-out Companies Profiles. Retrieved 13 November 2020.
  7. "Expanding expertise". Railway Gazette. 22 August 2009.
  8. "Sky High rebrands to Tracsis". Highways Magazine. 16 November 2015.
  9. "Tracsis acquires Datasys". ITS International. 19 May 2014.
  10. "Acquisition: Tracsis agrees deal for events traffic business". The Yorkshire Post. 28 September 2015.
  11. "Tracsis buys Ontrac". Railway Gazette. 2 December 2015.
  12. "Tracsis acquires ticketing software specialist iBlocks". Railway Gazette. 23 March 2020.
  13. "Leeds software firm Tracsis wins two 'milestone' North American contracts". The Yorkshire Post. 4 March 2021.
  14. Mohamed, Theron (22 January 2016). "Tracsis boss cuts stake". Investors Chronicle.
  15. Symcox, Jonathan (17 January 2019). "Leeds software boss to stand down". BusinessCloud.
  16. "Tracsis first day dealings on AIM after successful placing and admission". IP Group news. 27 November 2009.
  17. Hobson, Ben (19 June 2019). "Here's why Tracsis PLC is a good long-term stock pick". Stockopedia.
  18. "UK Tech Awards 2014". 2014. Retrieved 13 November 2020.
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