Tracsis supplies work scheduling and labour optimisation software for the transport sector. Rail is the main market for the software. Tracsis joined Aim on 27 November 2007, when it raised 2m at 40p a share. On 5 August 2008, Tracsis completed the reverse takeover of RWA Rail, which provides consultancy services to the rail industry. Tracsis paid an initial 580,000 in cash plus 1.08m shares for RWA. There is deferred consideration of up to 145,000 in cash and 271,000 shares. At the time of the reversal Tracsis raised 200,000 - 194,000 net of expenses - from a placing at 53.5p a share.

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