Tracsis (TRCS)

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785.00p
   
  • Change Today:
    -45.00p
  • 52 Week High: 835.00
  • 52 Week Low: 585.00
  • Currency: UK Pounds
  • Shares Issued: 28.82m
  • Volume: 21,685
  • Market Cap: £226.24m

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Tracsis leads investment round into Vivacity Labs

By Josh White

Date: Tuesday 04 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Traffic data and transportation industry software provider Tracsis announced on Tuesday that it made a strategic investment of up to £1.3m into Vivacity Labs, a provider of smart, hyperlocal data for smart cities and intelligent transport systems, in return for up to a 28.1% equity stake.
The AIM-traded company said Vivacity developed novel machine learning software and sensor technology which is applied to solve a wide range of traffic and transport issues - most specifically for the automatic counting and classification of pedestrian and vehicle flows in a variety of environments.

In the past 12 months the business secured a number of client wins and pilot projects with local governments, infrastructure owners and transport providers and in March was successful in winning a significant Smart Cities grant with a value of £1.7m.

Tracsis said adoption of the Vivacity technology had the potential for it to significantly reduce its existing costs for processing video footage within its traffic and data services division, while also leading to improvements in operational performance such as increased accuracy of traffic counts and the reduction of turnaround times for clients.

"We are delighted to have agreed this investment into Vivacity Labs and are excited by the potential of this technology both for our business and the wider traffic and transport market," said Tracsis chief executive John McArthur.

"The potential of machine learning technology is very significant and the Vivacity offering is highly complementary to our traffic and data services division."

As part of the broader investment round for Vivacity, Tracsis agreed to invest up to £1.0m via a tranched equity funding - subject to performance milestones - in return for 23.3% of the enlarged share capital of Vivacity.

In addition, Tracsis was granted a warrant to subscribe for a further 4.8% of the then-enlarged share capital for an additional £0.3m.

A Tracsis executive will join the Vivacity board to help further grow the business and promote their offering to the Tracsis customer base.

The investment round also included Downing Ventures EIS Fund and the London Co-Investment Fund, with Tracsis being the lead investor.

"We are pleased to join forces with Tracsis having worked with them for some time now on joint projects," said Vivacity chief executive Mark Nicholson.

"The combination of Tracsis' experience and extensive customer list, combined with our technology makes for a great partnership.

"With this investment in place and the support of Tracsis, we look forward to accelerating our penetration into the market."

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Tracsis Market Data

Currency UK Pounds
Share Price 785.00p
Change Today -45.00p
% Change -5.42 %
52 Week High 835.00
52 Week Low 585.00
Volume 21,685
Shares Issued 28.82m
Market Cap £226.24m

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.19% below the market average97.19% below the market average97.19% below the market average97.19% below the market average97.19% below the market average
91.23% below the sector average91.23% below the sector average91.23% below the sector average91.23% below the sector average91.23% below the sector average
Price Trend
78.93% above the market average78.93% above the market average78.93% above the market average78.93% above the market average78.93% above the market average
75.41% above the sector average75.41% above the sector average75.41% above the sector average75.41% above the sector average75.41% above the sector average
Income
92.55% below the market average92.55% below the market average92.55% below the market average92.55% below the market average92.55% below the market average
78.05% below the sector average78.05% below the sector average78.05% below the sector average78.05% below the sector average78.05% below the sector average
Growth
46.22% above the market average46.22% above the market average46.22% above the market average46.22% above the market average46.22% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Tracsis Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Jan-20 25-Apr-19
Paid 14-Feb-20 03-May-19
Amount 1.00p 0.80p

Trades for 24-Feb-2020

Time Volume / Share Price
16:21 124 @ 799.10p
15:59 886 @ 781.00p
15:58 884 @ 781.00p
15:50 1,245 @ 794.00p
15:29 378 @ 791.00p

Tracsis Key Personnel

CFO Max Cawthra
CEO Christopher Matthew Barnes

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