15.09.2016
adesso AG DE000A0Z23Q5
DGAP-News: adesso AG takes over business intelligence specialist flitcon GmbH
DGAP-News: adesso AG / Key word(s): Takeover
adesso AG takes over business intelligence specialist flitcon GmbH
15.09.2016 / 09:00
The issuer is solely responsible for the content of this announcement.
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adesso AG takes over business intelligence specialist flitcon GmbH
Dortmund, 15 September 2016 - The IT service provider adesso AG has
acquired flitcon GmbH. By taking over a 100 % stake in the business
intelligence specialist based in Düren, near Cologne, adesso has expanded
its portfolio to include technologies and services that are growing
increasingly important, especially for banks and insurance companies.
flitcon GmbH develops high-performance solutions for the business analytics
and business intelligence software made by leading global manufacturer SAS.
The flexible and fast analysis of large quantities of data is of increasing
importance for a comprehensive overview of customer relationships at banks
and insurance companies. It also opens the door to new approaches to
business and to communication options. Big data and business intelligence
are growing much faster than the overall market and are essential for the
Internet of Things.
flitcon has been retroactively taken over in full with effect from 1 July
2016. The company's current team of 15 employees will be subsequently
integrated into adesso AG. The company generates EBITDA of approximately
EUR 0.5 million. The managing director and founder of flitcon, whom adesso
knows from joint client projects, will advance adesso's business
intelligence activities as head of the corresponding department. The debt-
free company is valued at an EBIT multiple of less than 5.
You can find this and further information regarding the capital market on
our
investor relations sites at:
http://www.adesso-group.de/de/investorrelations/
Contact:
Christoph Junge
Vorstand
Tel.: +49 231 7000-7000
E-Mail: [email protected]
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15.09.2016 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: adesso AG
Stockholmer Allee 20
44269 Dortmund
Germany
Phone: +49 231 7000-7000
Fax: +49 231 7000-1000
E-mail: [email protected]
Internet: www.adesso-group.de
ISIN: DE000A0Z23Q5
WKN: A0Z23Q
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange; London
End of News DGAP News Service
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501795 15.09.2016
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