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RNS - GK Software AG: GK SOFTWARE AG Signs Strategic Partnership Agreement with Hornbach Baumarkt AG

Company: GK Software SE Date: 2010-03-18 Language: English Register to download

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 News Details

Corporate | 18 March 2010 14:43

#   

GK Software AG: GK SOFTWARE AG Signs Strategic Partnership Agreement with Hornbach Baumarkt AG

**GK Software AG / Contract**

18.03.2010 14:43

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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- Major international project in nine countries
- Successful launch for GK SOFTWARE AG in the home improvement store
    sector

Schöneck, 18 March 2010 - GK SOFTWARE AG has received an order to equip all
the Hornbach-Baumarkt-AG markets with GK/Retail, following the successful
conclusion of the pilot project. The switch at the Hornbach home
improvement stores in nine European countries is due to take place in the
near future. All the special functions needed for the home improvement
store market were introduced into the software as part of this project
within less than a year.

Hornbach-Baumarkt-AG, one of the most important European operators of home
improvement and garden stores, will be equipping all its business locations
with GK SOFTWARE AG solutions in the future. Hornbach had commissioned the
company to provide a complete pilot installation with all the special home
improvement store features at the end of 2008. GK SOFTWARE AG completed
this project in less than a year, basing it on the GK/Retail standard
software. Following an intensive test phase, which started in the fall of
2009, Hornbach-Baumarkt-AG has now decided to introduce the software to all
its markets. This decision is based on the high quality and speed
demonstrated in completing the previous project.

Standard Software for Home Improvement and Garden Stores 

The order from Hornbach means that GK SOFTWARE AG has successfully tapped
into the home improvement store sector. Many special features have been
included in the standard product and they now increase the universality of
GK/Retail. Close integration with Hornbach's central SAP system also formed
part of the project.

Rainer Gläß, CEO at GK SOFTWARE AG says: 'Based on this successful project
at Hornbach, we have once again proven that our standard software can be
quickly adapted to any retail sector and that we can meet the special
demands set by any customer.'

About HORNBACH-Baumarkt-AG:


The HORNBACH Group is one of the largest operators of home improvement and
garden stores in Europe. HORNBACH-Baumarkt-AG currently has 131 large-scale
home improvement and garden stores in nine European countries. The company,
which is part of HORNBACH HOLDING AG, had turnover totalling EUR 2.6
billion in the 2008/2009 business year. It has had a strategic alliance
with the British firm Kingfisher plc, one of the leading retail companies
in Europe,
since 2001. 

Company profile GK SOFTWARE AG:  

GK SOFTWARE AG is one of the leading technology developers and providers of
standard software for the retail sector in Europe and has an extensive
range of products for stores and enterprise headquarters. As a result of
its open software solutions in the GK/Retail Suite, which can be used with
any platform and is fully programmed in Java, the company has established
itself on the market as a leading provider of technology and innovations.

The software provides ideal business organization for retail companies with
many stores and therefore offers significant potential for cost savings and
customer loyalty programs so that companies can increase their
competitiveness.

The company employs 277 members of staff (figures for 31 September 2009) at
company head-quarters in Schöneck and four other business locations in
Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can
list well-known German and foreign retail com-panies among its customers,
including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA
Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and
Tchibo. The software is currently being used in more than 25 countries at
70,000 POS units in approx. 18,500 stores in Germany and abroad.

The company has grown rapidly during the past few years and its sales
revenues totaled EUR 15.0 million in 2008. GK SOFTWARE AG achieved EBIT of
EUR 2.8 million (EBIT margin of 18.5% on total operating revenue). The two
founders and Management Board members, Rainer Gläß (CEO) und Stephan
Kronmüller (CTO), in conjunction with the Management Board members Ronald
Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable
company with strong growth since 1990.

Further information about the company: www.gk-software.de.

Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail: rschiller@gk-software.com




18.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      GK Software AG
              Waldstraße 7
              08261 Schöneck
              Deutschland
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:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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