15.07.2016
GK Software AG DE0007571424
DGAP-News: GK Software AG: Central Omni-Channel Pricing Engine - a joint solution from SAP and GK
DGAP-News: GK Software AG / Key word(s): Alliance/Product Launch
GK Software AG: Central Omni-Channel Pricing Engine - a joint solution from
SAP and GK
15.07.2016 / 11:17
The issuer is solely responsible for the content of this announcement.
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15 July 2016 | Schöneck
Central Omni-Channel Pricing Engine - a joint solution from SAP and GK
- Pricing engine from GK Software becomes part of the SAP software
portfolio
- Calculating prices centrally is an important element for cross-industry
omni-channel solutions
SAP is now able to offer its customers a central omni-channel pricing
engine. The heart of this new software solution is the pricing engine
developed by GK Software AG. This has been further developed jointly with
SAP to form a central component in the SAP infrastructure for omni-channel
applications.
GK Software and SAP have signed an agreement covering the integration of
the Central Pricing Engine, which GK Software has continued to develop in
close cooperation with SAP, in the range of software solutions offered by
SAP. As part of the agreement, the GK price-finding component will be
directly embedded in cross-industry solutions sold by SAP. Shortly after
the agreement was signed, one of the top 50 global retailers opted for the
software component developed by GK.
The Central Pricing Engine is a high-performance component for centrally
calculating very many shopping baskets in stores, in web shops or on
consumers' mobile devices. The scalable central software enables the
calculation of a very large number of parallel sales promotion rules at the
same time. The Central Pricing Engine guarantees unified prices across all
the channels within an all-round omni-channel approach, the consistent use
of as many sales promotions and loyalty actions as the company wishes and
precise figures for refunds. It therefore forms one key component in all-
round omni-channel concepts.
The Management Board believes that the agreement provides confirmation of
its plans for the 2016 financial year and it is standing by its forecast,
which was published in the statement on the 1st quarter, without making any
changes.
About 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 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 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 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
Contact
Investor Relations
GK Software AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-Mail: [email protected]
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15.07.2016 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
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Language: English
Company: GK Software AG
Waldstraße 7
08261 Schöneck
Germany
Phone: +49 (0)3 74 64 84 - 0
Fax: +49 (0)3 74 64 84 - 15
E-mail: [email protected]
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Munich, Stuttgart
End of News DGAP News Service
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