Tracsis, a provider of consultancy services for the transport sector, has acquired software company Safety Information Systems (SIS) for up to £515,000. 

Tracsis, a provider of consultancy services for the transport sector, has acquired software company Safety Information Systems (SIS) for up to £515,000.

SIS specialises in software for the UK rail, marine and energy sectors. The company generated revenue of £327,000 and operating profits of £188,000 in 2008. The deal is the second acquisition this year for Tracsis, which purchased transport research business Peeping in July.

John McArthur, CEO of Tracsis, said: ‘I am confident there is significant scope [for SIS] to grow market share in the short-term and we believe this acquisition furthers our growth strategy of becoming a leading provider of intelligent planning systems for the transport sector.’

In the year ending July, Leeds-based Tracsis reported turnover of £2.31 million and operating profits of £666,000.