We are delighted to announce that the Icon Group have this week joined Compass Informatics within the Tracsis Group. This allows us make significant progress in the formulation of a spatial insights organisation that continues to work alongside valued clients in Ireland and Britain, and increasingly across the European Union.
Headquartered in Dublin and established in 1994, Icon Group is an interdisciplinary geoscience company specialising in Earth Observation (EO), geographical information system (GIS) and spatial data analytics. Icon Group has several long-term repeat contracts and employs around 60 full-time staff, all of whom will remain with the business post transaction.
Icon Group will be integrated with Compass Informatics to create an Irish-based data analytics centre of excellence specialising in providing location-related technologies and analytics solutions and services to government and commercial organisations. The acquisition of Icon Group adds EO capabilities that enhance the Group’s offering in this growing market, and has a customer base that is complementary to that of Tracsis and Compass Informatics. The combined Irish business will have c.130 staff and will work across a variety of sectors deriving most of its revenue from regulated industries including transportation, asset management, environmental and utilities.
Chris Barnes, Chief Executive Officer, commented, “We are delighted to have completed this transaction which extends the Group’s existing capabilities in Data Analytics and GIS into Earth Observation (EO) and strengthens our ability to deliver leading edge projects to clients in Ireland, the UK and across the European Union. This is an important milestone in our strategy of growing our ‘big data’ service offering across a range of regulated industries including transportation. We welcome the Icon Group team to Tracsis and look forward to future successes together.”
Tom McHugh, Founder and CEO of Icon Group, commented, “The Icon Group, one of Ireland’s largest processors of Earth Observation (EO) data, has been a trusted supplier of EO and GIS services to longstanding clients in Ireland, and delivers work critical to regulatory compliance on subsidy schemes paying out €1.6 Billion per annum using EO and GIS tools. We look forward to significantly adding to the spatial data analytics capability of Tracsis and Compass Informatics.”
Gearóid Ó Riain, Managing Director of Compass Informatics, added, “This is a great opportunity for our combined teams to be part of strategic growth in the location technologies sector, and we look forward to working with the Icon team to deliver this”
Tracsis plc is a technology company and a leading provider of software and hardware products, data capture and data analytics/GIS services for the rail, traffic data and wider transport industries. Tracsis’ products and services are widely used to increase efficiency, reduce cost and risk, improve operational and asset performance, improve safety management and decision making capabilities and improve the overall customer experience for clients and customers.
The Group is split into two principle operating areas built around detailed industry knowledge and expertise:
Rail Technology & Services
Software and technology/product led business. Develops remote condition monitoring hardware, data acquisition software and safety and risk management software for rail infrastructure providers. Software that solves complex resource, asset optimisation and control problems for Train Operators and Smart Ticketing, Delay Repay and other retail software to improve the customer experience for rail users.
Data, Analytics, Consultancy & Events
A largely services led business that focuses on data capture, data analytics, GIS, data insights, consultancy and event traffic management within a range of transport and pedestrian rich environments. The business provides technology/bespoke products and data that underpins large scale intelligent transport system and smart city planning and decision making.
For more information on Tracsis please visit http://www.tracsis.com