JYSK Nordic purchases global sales system from GK SOFTWARE AG

Schöneck/Brabrand, (PresseBox) - One of the leading European furnishing and furniture retailers JYSK Nordic has signed a contract with GK SOFTWARE AG from Germany for a new global sales system. Today, JYSK Nordic operates in eleven countries but the contract with GK SOFTWARE AG covers an expansion to 21 countries.

The system enables JYSK Nordic to operate seamlessly on existing and new markets, including China and Eastern Europe. "JYSK Nordic is now able to efficiently accommodate for different national legislative requirements and to operate on all languages, including Chinese, in a unified and highly flexible system. With the new solution we also get a solution that is easy to use and can be mastered by new personnel in just 2 to 3 hours," says JYSK Nordic's Director of Finance and IT, Henrik Naundrup.

JYSK Nordic will roll out the new GK/Retail sales system over the next three years, country by country, lead by a team of 10-15 experts. Amongst the advanced features of the new sales system are locally adjusted customer loyalty programmes, in-store Internet sales, optional queue-busting achieved via personnel with handheld terminals, and interoperability with all major payment solutions worldwide.

"We have gone through a highly systematic purchasing process that makes us confident that the deal we are making with GK SOFTWARE will also be a good deal in a long term perspective," concludes JYSK Nordic's Director of Finance and IT, Henrik Naundrup.

With the JYSK Nordic deal GK SOFTWARE won another international customer for GK/Retail. At the same time the company opens up the segment of furnishing and furniture retailers and will be present with solutions in new countries in Eastern Europe and Asia.

About JYSK:

In 1979, Danish entrepreneur Lars Larsen opened his first JYSK store. Today, JYSK has grown to more than 1,450 stores spanning 32 countries employing around 14,000 people. JYSK's ambition is to provide a great offer for everyone within sleeping and living, fulfilled with JYSK stores all around the world. The group is still owned by Lars Larsen and the annual turnover is approx. EUR 1.9 billion. JYSK Nordic includes 11 of the 32 countries, where JYSK is today.

GK Software AG

GK SOFTWARE AG is a European technology leader in the development and provision of standard software solutions for the retail industry. The open and platform-independent software solutions of the GK/Retail Suite, which are fully programmed in JAVA, have allowed the company to establish itself on the market as a technology and innovation leader. The software allows retail chains to optimize their company's organization and to create significant potential for cost savings as well as to realize customer loyalty potential in order to increase competitiveness.

The company employs 199 employees (as of September 30, 2008) at its headquarters in Schöneck and at four other business locations: Berlin, St. Ingbert, Plzen in the Czech Republic and Basel/Riehen in Switzerland. GK SOFTWARE AG can list well-known German retail stores among its customers which include, for example, Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA Hannover-Minden, Lidl, Netto Markendiscount and Tchibo. The company's software solutions are being used in approximately 12,500 retail stores in over 55,000 installations in currently 24 countries worldwide. The company has grown quickly over the past few years and its revenues reached EUR 10.75 million in 2007.

The company's EBIT amounted to EUR 2.33 million (EBIT margin on total operating revenue of 20.0%). Since 1990, the two founders and Executive Board members, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), together with the Executive Board members Ronald Scholz (COO) and André Hergert (CFO) have grown GK SOFTWARE AG to become a fast-growing, profitable company.

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