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PRESS RELEASE: GK Software Installed More New POS Systems Worldwide Than All Competitors Within Its Market Over One Year Period

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DGAP-News: GK Software SE / Key word(s): Study/Market Report
GK Software Installed More New POS Systems Worldwide Than All Competitors
Within Its Market Over One Year Period
2019-12-10 / 11:53
The issuer is solely responsible for the content of this announcement.

10 December 2019 | Schöneck

*GK Software Installed More New POS Systems Worldwide Than All Competitors
Within Its Market Over One Year Period*

· Leading retail software supplier accelerates growth in global markets

According to RBR's Global POS Software 2019 study, GK Software continued its
impressive worldwide growth by improving its market position from June 2018
through June 2019. RBR found that GK Software deployed more new POS
installations during that time than any other vendor within its
grocery/drugstore and general merchandise target market.

The report analyzed global coverage of point of sale applications for more
than 75 suppliers across six regions, and identified GK Software as the
second-most popular provider for new installations across all segments
globally. Additionally, GK Software ranks sixth globally for total POS
installations. The study evaluated the number of POS installations at
retailers with more than 1,000 POS devices from June 2018 through June 2019.

In Europe, GK Software was responsible for more new deployments than any
competitor across all sectors, claiming 30 percent of all new rollouts.
Counting total installations, GK Software is the definitive market leader in
Central and Eastern Europe and is second in Europe as a whole.

In support of its global expansion strategy, GK Software also installed its
market-leading POS solutions (The Forrester Wave(TM): Point Of Service, Q3
2018 [1]) in new geographies, launching rollouts for large customers with
stores in the U.S., Mexico, India and the Asia-Pacific region.

RBR is a strategic research and consulting firm with three decades of
experience in banking and retail automation, cards and payments. It assists
its clients by providing independent advice and intelligence through
published reports, consulting, newsletters and events.

*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
2019, the Company is one of the leading international providers of POS
software and is the second-fastest growing business in the industry in terms
of the number of installations worldwide. 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 SE 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. In 2018, the valuephone GmbH was
acquired, which develops leading solutions for mobile consumers.

The company employs 1,173 members of staff (figures for 30 September 2019)
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 Parfümerie Douglas, Coop (Switzerland),
EDEKA, Hornbach, Lidl, Migros, Netto Marken-Discount and Tchibo. The
software is currently being used at 304,000 installations across
approximately 56,400 stores in 60 countries. The company has grown rapidly
in recent years and its sales revenues totaled EUR 106.2 million in 2018.
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 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: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com

2019-12-10 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: +49 (0)3 74 64 84 - 0
Fax: +49 (0)3 74 64 84 - 15
E-mail: info@gk-software.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: 932215

End of News DGAP News Service

932215 2019-12-10


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(END) Dow Jones Newswires

December 10, 2019 05:54 ET ( 10:54 GMT)
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