Adesso : reports record licence sales with the in|sure product family for the insurance industry in the second quarter of 2019
August 13, 2019 at 01:35 am EDT
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DGAP-News: adesso AG / Key word(s): Incoming Orders
adesso reports record licence sales with the in|sure product family for the insurance industry in the second quarter of 2019
13.08.2019 / 07:32
The issuer is solely responsible for the content of this announcement.
adesso reports record licence sales with the in|sure product family for the insurance industry in the second quarter of 2019
adesso insurance solutions GmbH reported its highest ever single-quarter licence sales with the in|sure product family for the insurance industry. In the first six months of 2019, sales volume generated through licence business reached more than EUR 9 million and hereby already well exceeded full-year's figure 2018. Besides two customer situations in the health insurance division, an additional group licence extension was also concluded in the life insurance division. Base licences for a new online commercial insurer of Provinzial NordWest, which was launched in May, already contributed to sales volume in the first quarter of 2019. This marked the first time adesso has made an insurance company's entire application landscape and IT architecture available in the cloud; adesso has since also taken over operations of the platform.
The dynamic business development of adesso insurance solutions GmbH reflects the high demand for flexible and cost-efficient standard products to help meet the rising standards in the insurance market. The lean, release-ready system architecture from in|sure reduces operating costs significantly and offers a cutting-edge calculation engine for structuring and managing contemporary insurance products. Recent commissions from renowned insurers underline the solution's competitiveness and technological maturity across all divisions.
The sales pipeline for in|sure contracts remains promising looking towards the remainder of the year, with adesso already at an advanced stage with a number of insurers.
adesso Group
With over 3,400 employees and annual sales of EUR 375.5 million in 2018, adesso Group is one of the largest German IT service providers and has outstanding opportunities for growth. At its own locations in Germany, other locations in Europe, Turkey and the USA as well as at numerous customer sites, adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product-portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. 2016 and 2018, adesso was awarded as the best employer in the german IT-sector.
13.08.2019 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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Language:
English
Company:
adesso AG
Adessoplatz 1
44269 Dortmund
Germany
Phone:
+49 231 7000-7000
Fax:
+49 231 7000-1000
E-mail:
ir@adesso.de
Internet:
www.adesso-group.de
ISIN:
DE000A0Z23Q5
WKN:
A0Z23Q
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London
Adesso AG is a Germany-based information technology (IT) service provider focused on developing customized software solutions. It provides business consulting, IT consulting, software development, IT management, and solutions, including drebnis, a claims management system; inSIGHT, a data transport tool; inFOCUS 360, a direct channels to customer tool; inBOUND, a Web service for regionalization of agen-managed lottery gaming; inRELATION, a mutli-channel sales for insurers with Microsoft Dynamics CRM tool, and Mobile Rettern, a smartphone-based first-aider notification system. The Company cooperates with various IT partners and uses the Java, Microsoft and Mainframe technologies in its practice and projects. The Company is active in Germany, Austria, Switzerland, the United Kingdom, Turkey and the United States and operates a number of subsidiaries, including Adesso hosting services GmbH, Turkey Bilgi Teknolojileri Ltd, Smarthouse Media GmbH, flitcon GmbH and Born Informatik AG.
ADESSO SE 
