Yorkshire Post

Tracsis builds share of market following two key acquisitio­ns

-

TRACSIS, THE company that provides software and services to the traffic data and transporta­tion industry, has secured two acquisitio­ns to boost its market share.

Leeds-based Tracsis has acquired the entire issued share capital of Travel Compensati­on Services (TCS) Limited, Delay Repay Sniper Limited (DRS) and S Dalby Consulting Limited, which is the holding company of TCS.

TCS is a software provider of enterprise delay repay services to the UK rail industry. The business has developed technology that allows train operators to automatica­lly process large volumes of consumer claims arising from rail delays. The company can help to lower the transactio­nal costs while speeding up response times and helping eliminate fraud, Tracsis said.

Tracsis added: “The benefits to the rail industry are significan­t and in a short space of time TCS has already secured several major customers.”

DRS is a consumer facing web portal that enables rail passengers to quickly submit claims under the delay repay scheme to rail operators.

Tracsis said: “The business operates a subscripti­on service model and is highly relevant to regular rail travellers and commuters, who are often delayed many times per month, and wish to forego the time and effort involved in submitting multiple individual claims.

“The UK delay repay market is increasing­ly topical to transport groups, rail passengers and regulatory bodies and there is increasing consumer awareness set against a backdrop of rising rail fares”

Based in Chelmsford, TCS and DRS employ nine members of staff, all of whom will remain with the business. In the year ended September 30 2017, TCS and DRS generated revenue of £0.7m and a profit before tax of £0.3m.

John McArthur, chief executive of Tracsis, commented: “We are delighted to have completed these further acquisitio­ns, which continues our proven strategy of acquiring well run, profitable technology businesses within the transport and traffic sector.

Both TCS and DRS have excellent product offerings and superb customer satisfacti­on levels while offering significan­t potential for future growth.

“We welcome both TCS and DRS to the broader Tracsis Group.”

Sarah Dalby, managing director of TCS and DRS, said: “We are very pleased to come together with Tracsis.”

 ??  ?? JOHN MCARTHUR: ‘We are delighted to have completed these further acquisitio­ns.’
JOHN MCARTHUR: ‘We are delighted to have completed these further acquisitio­ns.’

Newspapers in English

Newspapers from United Kingdom