University of Leeds spin-out company, TRACSiS Plc, has won an award at the Yorkshire Post Excellence in Business Awards.
The company, which specialises in developing software for the transportation industry, has seen its turnover quadruple from £805,000 in 2008 to £2.67 million in 2010.
Chief Executive John McArthur collected the prize for Companies with a Turnover Up to £10m from Deputy Prime Minister Nick Clegg at the awards ceremony on Thursday 13th October.
TRACSiS was spun out from the University's School of Computing in 2004 following the development of crew scheduling software for rail services by Dr Raymond Kwan. Now the business has contracts with every major train operating company in the UK and is expanding internationally to Sweden, Australia and New Zealand.
The judges said TRACSiS Plc were a prime example of university knowledge being commercialised and performing well in its market.
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