Acquisition of Bellvedi Limited
Tracsis is pleased to announce that it has acquired the entire issued share capital of Bellvedi Limited.
Bellvedi is a UK based software company that operates within the rail industry and specialises in timetabling optimisation software. Bellvedi's key product, ATTUne, is a timetable planning software package and is extensively used by Train Operating Companies, infrastructure providers, franchise bidding teams and rail consultancies for the creation, validation, optioneering and optimisation of timetables in time pressured environments.
Tracsis and Bellvedi have partnered on several significant software projects - most notably on Tracsis' recent major contract wins - with the ATTUne software forming a key part of the TRACS Enterprise offering. As such, the acquisition of Bellvedi is strategically important and highly complementary to the Tracsis software offering and future product roadmap.
John McArthur, Chief Executive Officer of Tracsis plc, commented:
"Tracsis has known the Bellvedi team for a number of years and has worked with them closely on a number of key projects. Bellvedi has a great product and complimentary customer base and their expertise in timetable planning and optimisation is second to none. The ATTUne software fulfils a critical element of our TRACS Enterprise suite and coming together with Bellvedi allows us to create a more seamless product whilst also accelerating our industry roll out. We welcome the Bellvedi team to Tracsis, and look forward to continued successes in the future."
John Bell, Managing Director of Bellvedi, commented:
"This transaction marks the start of an exciting new chapter in the life of Bellvedi and our products. Over the past few years, Bellvedi has established a reputation as a provider of first class software products to our customers, empowering the rail industry to push boundaries and innovate beyond the established norms. Being part of a larger Group will enable us to unlock opportunities that will benefit the UK rail industry and beyond."