CTI Acquires Rail//Sys
Melbourne - March 12th 2009: Constraint Technologies (CTI) announced that it will acquire all the Intellectual Property of the Rail Timetabling software known as Rail//Sys from the former TMG International company. Under the terms of the agreement, signed this week, CTI will also acquire the ongoing business in rail timetabling and timetabling software from TTG Transportation Technology Pty Limited.
Rail//Sys is used within RailCorp (NSW) and Queensland Rail for planning and timetable creation. CTI plan to augment Rail//Sys with its proven optimization technology and further develop the product to provide capacity optimization, schedule recovery and crew rostering. In addition CTI is fully committed to further R&D, supporting all Rail//Sys customers and ongoing projects, and expanding the customer base.
Alan Dormer, General Manager of CTI, said "The rail industry is a key market for CTI and this acquisition is the first step in our plan to bring an integrated technology for capacity planning, capacity utilization, operations optimization and crew rostering to international customers".
Dale Coleman, Managing Director of TTG and TMG (now AusRail Technologies) said "The sale was aimed at significantly strengthening the support and development for Rail//Sys in the Australian and Global markets, and would allow TTG to focus on its energy optimization products and related business interests." Mr Coleman stressed that CTI and TTG would continue to work closely together in support of current and future customers.
About Rail/Sys
Rail//Sys is a state of the art Timetable Management System, developed over the last 17 years with support from major Australian railway authorities.
Rail//Sys supports daily train planning for large and small railway operations, and integrates to TTG's network and scheduling optimization software.
About TTG
TTG provides technology products and associated services to the rail industry. Its antecedent companies including TMG have been operating for more than 23 years.
TTG operates globally through its own office in China and Associates in UK and India. At the core of TTG's business are leading edge products developed in Australia from extensive R&D including, Government funding that addresses the needs of modern railways for optimal train scheduling and energy efficiency.
TTG also provide strategic consulting on railway operational optimization.
About CTI
Constraint Technologies (CTI) works closely with customers and partners in the highly competitive Transportation, Travel and Logistics (TTL) sector. The company provides optimization software that helps its customers plan, operate and manage their business more effectively. This improves their customer service and reduces operating costs.
CTI invests heavily in research and development and applies its technology to challenging customer problems. Thereby it achieves continuous improvement in performance and capability. Based in Melbourne, Australia, and with partners in the US, Europe and the Far East, CTI helps its customers achieve their objectives worldwide. These include Qantas, Oman Air, Jet Airways, Australian RailTrack, RailCorp and Rio Tinto.
Customers demand world-class optimization software that is effective, flexible, scalable and accessible to end users and partners alike. To this end, CTI has founded a Research Centre at Monash University in collaboration with Monash, Melbourne and Newcastle Universities. This is a unique collaboration between a commercial organization and universities, funded by CTI, Australian Research Council and the universities.
Further Information
For further information please contact Alan Dormer, General Manager, on +61 3 9604 9844 or alan.dormer@constrainttechnologies.com, or Dale Coleman, Managing Director (TTG) on +61 2 9249 0100 or dale.coleman@ttgtt.com.au .