Tracsis makes market debut

Tracsis, the LeedsUniversity spinout company that provides specialist software to the transport sector, has made its stock market debut.

Tracsis was set up in 2004 to commercialise resource optimisation software developed at Leeds. Its listing on London’s Alternative Investment Market raised £2m and valued the company at about £7m.

The company’s software helps rail, bus and other transport operators to more efficiently allocate work schedules to staff such as drivers and catering teams.

According to Tracsis, efficient allocation of labour resources on complex transport networks is one of the biggest challenges facing operators.

The firm has contracts with six UK train operators and hopes to expand its presence in the rail market domestically and overseas.

Tracsis told shareholders it also plans to win new business in the bus sector, where it has one major customer, and move into new markets such as commercial aviation.

LeedsUniversity remains a shareholder in Tracsis along with Techtran, the company that commercialises IP developed at Leeds.