Tracsis celebrates £2.9m contract

Tracis revealed yesterday that it had received a “significant” order for its data-logging and condition monitoring equipment.

Tracsis has grown steadily since it was spun out of the University of Leeds’ School of Computing in 2004.

The company’s products allow transport operators to computerise staff and crew scheduling through ‘smart planning’. Its MPEC subsidiary, bought in June last year, allows remote monitoring of trackside equipment, reducing costs of maintenance for operators. The latest order comes from an existing UK client and has a total value of £2.9m.

In a statement, Tracsis said: “As a result of this win, and continued successful trading across the group, the company advises that its revenue and profit expectations for the year ending July 31, 2012 are expected to be ahead of current analyst expectations.”

John McArthur, the chief executive, said: “We are delighted to have won this further order, which is testament to the quality of the product we offer.”