GK Software establishes alliance with IBM to accelerate retail innovation and enhance customer omnichannel experience with hybrid cloud technology
About IBM For further information about IBM in the Consumer Industry please visit: www.ibm.com/industries/retail
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 2020, the Company is one of the leading international providers of POS software and is the fastest growing business in the industry in terms of the number of installations worldwide (without Hospitality and Petrol). The company offers an extensive range of solutions for stores and enterprise headquarters as well as for the implementation of contemporary omnichannel 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 2012, 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. retail7 GmbH, specializing in cloud solutions for smaller retailers, was founded in 2020.
The company employs 1,159 members of staff (figures for 31 March 2021) across its headquarters in Sch?neck (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, including Adidas, Edeka, Lidl, Aldi, Coop (Switzerland), Netto Marken-Discount, Hornbach, Migros, Grupo Kuo and Walmart. The software is currently being used at almost 500,000 retail and payment installations across approximately 100,000 stores in more than 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 117.6 million in 2020. Since launching the company in 1990, the two founders Rainer Gl?? (CEO) and Stephan Kronm?ller (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: www.gk-software.com
Investor RelationsGK Software SE Dr. Ren? Schiller Phone: +49 (0)37464-84-264 Fax: +49 (0)37464-84-15 E-mail: email@example.com
External Relations IBM Ken Saunders Phone: +44 7887 830036 E-mail: firstname.lastname@example.org
02.06.2021 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.deLanguage: English Company: GK Software SE Waldstra?e 7 08261 Sch?neck
Germany Phone: +49 (0)3 74 64 84 - 0 Fax: +49 (0)3 74 64 84 - 15 E-mail: email@example.com 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 EQS News ID: 1203535 ? End of News DGAP News Service