GK Software gains new orders from three well-known retailers

Successful licencing business in the first six months of the year / An outstanding start to sales of the new OmniPOS software solution

Schöneck, (PresseBox) - The second quarter of the year was very successful for GK Software AG. The company's ability to attract three new well-known customers played a major role in this process and provided evidence of the efficiency and variability of the new OmniPOS core product. The OmniPOS solution, which is a completely new development, was only officially launched at the leading trade fairs in New York and Düsseldorf at the beginning of the year. Backed by additional momentum from existing customers, it was therefore possible to achieve the target figures for the company's licencing business during the first half of the year. The new customers are active in the fashion, luxury goods and DIY sectors and together operate more than 1,600 stores in about 40 different countries. The Management Board is confident that further projects may be gained during the third and fourth quarters of the year. It is therefore standing by its forecast without any changes, as published in the statement on the first quarter.

The company is planning to publish its report for the first half of the year on 30 August 2016.

GK Software AG

GK Software AG is a leading developer and provider of standard software for the retail sector, and currently counts 20 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 platformindependent 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.

The company employs 794 members of staff (figures for 30 March 2016) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia and the USA. GK Software AG'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 216,000 installations across approximately 40,000 stores in more than 42 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 62.6 million in 2015. 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

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