GK Software : takes over valuephone GmbH

DGAP-News: GK Software SE / Key word(s): Takeover GK Software takes over valuephone GmbH 08.06.2018 / 11:59 The issuer is solely responsible for the content of this announcement. Completes the portfolio by adding solutions for mobile customer loyalty valuephone solutions already completely integrated GK Software SE completely took over valuephone GmbH on 7 June 2018. The latter has been developing market-leading solutions for mobile customer loyalty since 2006, with about 35 employees most recently, and several large customers make use of them. The solutions provided by valuephone GmbH have already been sold by GK Software SE since the beginning of 2017. SAP has also been making them directly available using the "Hybris Mobile Consumer Assistant by GK" name since 2017. One major international retailer decided just at the beginning of 2018 to deploy the solution in several countries in southern Africa. The valuephone software is already seamlessly integrated within the GK range of solutions and its support structures. By completely taking over the company, GK Software acquires the complete rights and can strengthen its expertise in the field of mobile consumer apps and the associated cloud background solutions. At the same time, the GK portfolio of products for the retail sector is complemented by this important area for modern store solutions. valuephone GmbH generated turnover of approx. EUR 2.2 million in 2017. The parties have agreed not to disclose the purchase price in the low single-digit millions. The Management Board at GK Software SE is only expecting low integration costs because of the long-standing, close partnership with valuephone GmbH and the fact that the software is already fully embedded in the GK range of solutions. In the light of the valuephone results from the previous year, the Management Board does not believe that it is necessary to adjust its forecast for 2018 or its medium-term forecast. 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. 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 AG 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. The company employs 1,026 members of staff (figures for 31 March 2018) 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 Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Loblaw, Migros, Netto Marken-Discount and Tchibo. The software is currently being used at 262,000 installations across approximately 43,000 stores in 50 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 90.5 million in 2017. 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 AG 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: [phone] Fax: [phone] E-mail: [e-mail] 08.06.2018 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. Archive at www.dgap.de

Language:	English
Company:	GK Software SE
	Waldstraße 7
	08261 Schöneck
	Germany
Phone:	[phone] - 0
Fax:	[phone] - 15
E-mail:	[e-mail]
Internet:	www.gk-software.com
ISIN:	DE0007571424
WKN:	757142
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service

693793  08.06.2018