Oyster Income from intellectual property on sofware
Request ID: FOI-2548-1718
Date published: 01 March 2018
Please may I have details of the income derived from, Oyster Card software, "both the IPR and software to operators and integrators across the world creating an important income source"
Our ref: FOI-2548-1718
Thank you for your email received by Transport for London (TfL) on 5 December 2017 asking for information about Oyster income.
Your request has been considered in accordance with the requirements of the Environmental Information Regulations and TfL’s information access policy. I can confirm TfL does hold the information you require. You asked:
Please may I have details of the income derived from, Oyster Card software, "both the IPR and software to operators and integrators across the world creating an important income source".
Through the Prestige Contract with the TranSys consortium, TfL earned income from the Oyster software which was sold by one of its principal partners, Cubic Transportation Systems Ltd. This generated around half a million pounds.
More recent enhancements to London’s revenue collection system, including changes to allow us to process contactless taps, have also been licensed to Cubic Transportation Systems Ltd through a licensing agreement which is expected to generate income of up to £15m for TfL. Cities that have so far benefited from our software and IP through this agreement include Miami, New York and Boston.
If this is not the information you are looking for, please feel free to contact me.
Please see the attached information sheet for details of your right to appeal.
FOI Case Officer
FOI Case Management Team
Transport for London
Back to top