LONDON (ShareCast) - Software and technology products provider Tracsis announced its subsidiary Sky High Technology has been chosen to deliver traffic data collection work to a UK transport agency.

The group’s services have been secured for a two-year term with the potential to be extended for a further period of two years. The mandate was obtained through a global engineering consultancy and should be worth over £1m per year.

The AIM-listed company has a blue chip client base which includes UK transport operators such as Arriva, First, Stagecoach, National Express and Virgin. The firm’s Data Capture service allows collation and analytical services within traffic and pedestrian rich environments.

As of 11:05, the share price had risen by 3.72% to 305p.

WS

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