22.12.2015
German Startups Group Berlin GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group Berlin GmbH & Co. KGaA: Majority holding Exozet Berlin GmbH announces largest single contract in its company history
German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Development of Sales
22.12.2015 09:30
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Quasi ad hoc announcement
Berlin, 22 December 2015. German Startups Group Berlin GmbH & Co. KGaA,
the second most active venture capital investor in Germany since 2012 (CB
Insights, 2015), informs that its majority holding Exozet Berlin GmbH has
secured the largest single contract in the history of the company. The
contract commissioned by a leading media company consists of a binding
initial assignment as well as planned support and development services over
the course of five years with a total volume in the mid single-digit
million range. An expected two-thirds of the binding initial assignment
will presumably be represented already in the 2016 earnings.
Exozet Berlin GmbH is currently the only fully consolidated majority
holding, whose financial figures accordingly have a substantial effect on
German Startups Group. Exozet Berlin GmbH had an annual turnover of 6.5
million euros in 2014 and 3.8 million euros in the first half of 2015 (both
IFRS unaudited).
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Information and Explaination of the Issuer to this News:
Frank Zahn, founder and CEO of Exozet Berlin GmbH, comments, 'This contract
highlights our position as the innovation leader and preferred solution
provider for media platforms in Europe. Exozet stands for Creative
Technologies, the seamless combination of creative excellence and
pioneering digital technology.'
Christoph Gerlinger, CEO and founder of German Startups Group, adds, 'We
are very happy for our majority holding Exozet, whose management has
delivered an impressive performance since our investment.'
22.12.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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