GK Software SE

  • WKN: 757142
  • ISIN: DE0007571424
  • Land: Deutschland

Nachricht vom 10.12.2019 | 11:53

GK Software Installed More New POS Systems Worldwide Than All Competitors Within Its Market Over One Year Period

DGAP-News: GK Software SE / Key word(s): Study/Market Report
10.12.2019 / 11:53
The issuer is solely responsible for the content of this announcement.

10 December 2019 | Schöneck

GK Software Installed More New POS Systems Worldwide Than All Competitors Within Its Market Over One Year Period

  • Leading retail software supplier accelerates growth in global markets

According to RBR's Global POS Software 2019 study, GK Software continued its impressive worldwide growth by improving its market position from June 2018 through June 2019. RBR found that GK Software deployed more new POS installations during that time than any other vendor within its grocery/drugstore and general merchandise target market.

The report analyzed global coverage of point of sale applications for more than 75 suppliers across six regions, and identified GK Software as the second-most popular provider for new installations across all segments globally. Additionally, GK Software ranks sixth globally for total POS installations. The study evaluated the number of POS installations at retailers with more than 1,000 POS devices from June 2018 through June 2019.

In Europe, GK Software was responsible for more new deployments than any competitor across all sectors, claiming 30 percent of all new rollouts. Counting total installations, GK Software is the definitive market leader in Central and Eastern Europe and is second in Europe as a whole.

In support of its global expansion strategy, GK Software also installed its market-leading POS solutions (The Forrester Wave(TM): Point Of Service, Q3 2018) in new geographies, launching rollouts for large customers with stores in the U.S., Mexico, India and the Asia-Pacific region.

RBR is a strategic research and consulting firm with three decades of experience in banking and retail automation, cards and payments. It assists its clients by providing independent advice and intelligence through published reports, consulting, newsletters and events.

About GK Software SE
GK Software SE is a leading developer and provider of standard software for the retail sector, and currently counts 22 percent of the world's 50 largest retailers among its customer base. According to a study published by RBR 2019, the Company is one of the leading international providers of POS software and is the second-fastest growing business in the industry in terms of the number of installations worldwide. The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omni-channel retail concepts. Thanks to its open and platform-independent software solutions in the GK/Retail Suite, the company has established itself as one of the market's leading providers of technology and innovations. Its solutions enable retail chains with numerous stores to optimize their business processes and to benefit from significant potential for saving costs and implementing customer loyalty programs in order to improve their competitiveness. In addition to its own software solutions, GK Software SE also offers customers a comprehensive range of implementation and maintenance services. Having been acquired in 2013, AWEK GmbH and in 2015, the retail segment of DBS Data Business Systems Inc. In 2017, the company acquired a majority shareholding in prudsys AG, a company focused on artificial intelligence. In 2018, the valuephone GmbH was acquired, which develops leading solutions for mobile consumers.

The company employs 1,173 members of staff (figures for 30 September 2019) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia, Ukraine and the USA. GK Software SE's customers include many well-known retailers from both Germany and beyond, including Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, Lidl, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 304,000 installations across approximately 56,400 stores in 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 106.2 million in 2018. Since launching the company in 1990, the two founders Rainer Gläß (CEO) and Stephan Kronmüller (deputy board member), together with the experienced management team, have shaped GK Software into a profitable company exhibiting strong growth.

Further information about the company: http://www.gk-software.com

Contact

Investor Relations
GK Software SE
Dr. René Schiller
Phone: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com



10.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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