GK Software SE

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

Nachricht vom 03.11.2020 | 14:11

GK Software successful in its cloud business - two major customers select cloud4retail

DGAP-News: GK Software SE / Key word(s): Incoming Orders
03.11.2020 / 14:11
The issuer is solely responsible for the content of this announcement.

  • GK Software gains a significant new customer order for its cloud solution
  • First existing customer opts to switch to cloud4retail

GK Software SE has reached some important milestones in implementing its cloud strategy during the second half of the current financial year. Two important German retailers have decided to make use of the cloud4retail platform as software-as-a-service. This means that GK Software will make available its platform of solutions as a pure cloud solution for these retailers and take over their operations in the cloud. The customer platforms are hosted in the Microsoft Azure Cloud. Remote installations and updates for the systems in the stores are ordered by the customers in the cloud context and are performed by GK Software. cloud4retail has important features as a genuine enterprise cloud solution for the retail sector: adjustments and ongoing developments are equally possible, just as major retail customers are accustomed to obtaining from the GK Software solutions that are offered as a classic service. As a result , retailers can also map their individual special features when using OmniPOS in a cloud and this allows them to be successful in a competitive environment.

One of the top five DIY markets in Germany with stores in several European countries has opted to introduce OmniPOS as software-as-a-service as the first new customer. As part of this important project, GK Software will operate far more than 2,000 installations from a cloud after the roll-out process has been completed. A longstanding existing customer in the specialist retail sector has also decided to complete the switch to OmniPOS in a cloud. GK Software will also take over operating the platform in this project. Both customers have signed long-term contracts of a software-as-a-service type.

These success stories in the core business of GK Software form the basis for an increasing share of recurring cloud turnover during the next few years. This prospect is being reinforced by the huge success enjoyed by the subsidiary "Deutsche Fiskal", which has managed to attract leading retailers to its "Fiskal Cloud" purely cloud solution. The Management Board continues to assume that GK Software's business overall will continue to grow in future, provided that the general conditions created by the global pandemic do not change significantly. The company believes that it is in an excellent position to handle future cloud demand and this reinforces its claim of being a leading cloud provider for enterprise retail.

The Management Board is standing by its forecast for the year 2020 that turnover can be expanded and significantly higher profitability will be achieved.

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 1,123 members of staff (figures for 30 June 2020) 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 Edeka, Lidl, Aldi, Coop (Schweiz), Hornbach, Migros, Netto Marken-Discount and Walmart. The software is currently being used at 325,000 installations across approximately 59,800 stores in 63 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 115.4 million in 2019. 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: https://www.gk-software.com


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

03.11.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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