Completion of Acquisition
19 May 14
Tracsis confirms that on 16 May 2014 it acquired the entire issued share capital of Datasys Integration Limited the holding company of Datasys Limited ("Datasys").
Based in Manchester, Datasys provides rail management software systems, business applications and hosting services for the majority of the UK's train operating companies. Its client base includes all of the major transport owning groups such as First Group, Go-Ahead, Stagecoach, National Express, Arriva, and Virgin. The principle activity of the business is software development, sales and licensing with revenues predominantly derived from products that assist train operators capture, report and analyse the root causes of delays and other performance critical information. The vast majority of Datasys revenue comes from long term recurring software leases.
The directors of Tracsis believe that the products, services and development capabilities of Datasys are highly complementary to those of Tracsis, and the acquisition provides opportunities for further growth in the years ahead.