Transport software specialist right on track
TRANSPORT sector software specialist Tracsis said today that acquisitions and marketing efforts have contributed to a year of growth and profitability.
The Leeds-based group, which provides performance and planning optimisation software and consultancy services for the transport industries reported pre-tax profits of £729,000 for the year ended July 31 compared to £393,000 the year before.
Turnover jumped to £2.3m from £805,000 with recurring revenue under contract in excess of £650,000.
Tracsis said that its acquisition of RWA Rail – a leading consultancy serving both the UK and overseas rail markets – and rail passenger analysis specialist Peeping in July had broadened its sales pipeline.
John McArthur, Tracsis’ chief executive, said that as well as the acquisitions the firm had grown its client base and made some “great hires” into the business.
“Looking ahead, the group is rapidly moving towards its goal of becoming a
leading provider of operational planning software and consultancy services to
the transport markets and we are pleased to report our customers now include
all the major operators such as First Group, Go-Ahead, Stagecoach, Virgin,
Arriva, and National Express,” he said.
The group is also confident about the launch of new optimisation software TRACS Roster.
Tracsis said that it had “excellent” growth potential within the UK and abroad for both rail and bus clients with several new train operating companies already signed up for the
The group’s core product suite, developed in conjunction with applied research from Leeds University is used to automate and optimise the process for creating labour schedules and rosters.
