GK Software SE — M&A Activity 2008

May 30, 2008

News Details

Corporate | 30 May 2008 12:46

GK SOFTWARE AG Acquires Swiss Retailer Coop as New Customer

GK Software AG / Miscellaneous

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• GK/Retail will be installed in approx. 1,400 Coop stores
• This underlines the successful expansion strategy being pursued by
  GK SOFTWARE AG

Schöneck, May 30, 2008 – The Swiss retailer Coop has chosen GK/Retail as
its new point of sales system for about 1,400 stores. Several sales lines
at Switzerland’s second largest retail enterprise will be switched to GK
SOFTWARE AG’s standard solution over the next few years. This success story
is ample proof of the company’s leading position in the point of sales
systems sector – beyond Germany’s borders too.

Following a comprehensive selection process, Coop, the second largest
retailer group in Switzerland with annual revenues of 14.9 Swiss francs,
opted for GK/Retail. Coop will equip its approx. 1,400 stores with the
standard solution from GK SOFTWARE AG in future.

As a result, GK/Retail will be used in conjunction with the POS, Enterprise
Store Server, Store Manager and Enterprise Cockpit modules in the following
sales outlets: Coop supermarkets, Coop City department stores,
TopTip/Lumimart furniture stores, Coop Bau+Hobby garden and building
centres, Import Parfümerien shops, Christ Uhren & Schmuck stores and the
Coop restaurants.

As part of the package, Coop will also make use of the Enterprise Store
Server software, the central feature of GK SOFTWARE AG’s package. This
allows the company to operate its back office services and data bases for
the stores at one central location. Suse Linux Enterprise Server will be
installed in the stores as the operating system.

Rainer Gläß, CEO and member of the management board at GK SOFTWARE AG says:
'We are very proud to have acquired another significant European retailer,
Coop, as our customer. We also view this as a confirmation of our
international expansion strategy. Our technologically advanced standard
solution provides ideal operating conditions and can be used with any
hardware platform.'

About Coop:

Coop has approx. 2.3 million member households, making it one of the
largest cooperative companies in Switzerland. Its annual revenues of 14.9
billion Swiss francs make it the second largest retail enterprise in the
country. Coop has approx. 1,400 stores in various sales channels.

www.coop.ch

Company Profile

GK SOFTWARE AG is a technologically leading European solutions provider of
standardized software for the retail sector. It supplies a comprehensive
portfolio of products for retail stores and company headquarters. Due to
the open and platform independent software solutions of GK/Retail Suite,
which are fully programmed in JAVA, the company has established itself on
the market as a technology and innovations leader. The software allows
retail chains to optimize the company organization and to create
significant potential for cost savings as well as to realize customer
loyalty potential in order to increase competitiveness. The key features of
the solutions are: international applicability, consistent use of open
standards and SOA (Service Oriented Architecture) capability. As
'GK/Retail' is genuine standard software, parameters can be used to make
the necessary adjustments to meet most customer requirements. This reduces
the programming effort and allows a quick project completion. At the same
time, solutions for customers remain releasable and new functions can be
introduced by a release change. One important component of the modular
software is also the StoreWeaver integration platform, which connects all
the subsystems in a retail store and also provides a powerful interface for
enterprise systems like ERP or CRM solutions.

The company currently employs 166 employees at its headquarters in Schöneck
and at three other business locations: Berlin, Pilsen in the Czech Republic
and Basel/Riehen in Switzerland. GK SOFTWARE AG can list well-known German
retail stores among its customers which include inter alia Galeria Kaufhof,
Parfümerie Douglas, EDEKA Hannover-Minden, Lidl, Netto Markendiscount or
Tchibo. The company’s software solutions are being used in more than 12,000
retail stores with around 50,000 installations in more than 20 countries
worldwide. The company has grown quickly over the past years and its
revenues reached EUR 10.7 million in 2007. The company’s earnings before
interest and taxes (EBIT) amounted to EUR 2.3 million (EBIT margin of
21.7%). Since 1990, the two founders and management board members, Rainer
Gläß (CEO) and Stephan Kronmüller (CTO), have formed GK SOFTWARE into a
profitable and strongly growing company. They are supported by the board
members Ronald Scholz (COO) and André Hergert (CFO).

For further information on the company go to: www.gk-software.de.

Disclaimer

This publication does not constitute an offer to sell or a solicitation of
an offer to buy or subscribe for any securities. No offer of securities of
GK SOFTWARE AG, Schöneck, is being, or will be, made to the public outside
Germany. A prospective offer in Germany would be made exclusively by means
of a securities prospectus to be published and filed with the Bundesanstalt
für Finanzdienstleistungsaufsicht. Such securities prospectus would at the
appropriate time made available free of charge at the offices of GK
SOFTWARE AG, Schöneck, at the offices of ICF Kursmakler AG
Wertpapierhandelsbank, Frankfurt, and at the Frankfurt Stock Exchange.
This publication and the information contained therein is not for
distribution or publication, neither directly nor indirectly, in or into
the United States of America, Canada, Australia or Japan.
This publication does not constitute an offer for sale of any securities
into the United States. Securities, including any shares of GK SOFTWARE AG,
Schöneck, in the course of a prospective offer, may not be offered or sold
in the United States or to, or for the account or benefit of, US persons
(as such term is defined in the Regulation S under the Securities Act of
1933 as amended (the 'Securities Act')) unless they are registered under
the Securities Act or exempt from registration. Neither GK SOFTWARE AG,
Schöneck, nor any potential selling shareholder intend to register a
prospective offer, or any part thereof, in the United States or to make a
public offer of securities in the United States.

Dr. René Schiller
Head of Communications

GK Software AG
Friedrichstr. 204
10117 Berlin

Tel. : +49 37464-84264
Mobil: +49 173-9513776
Fax: +49 37464-8415
E-Mail: rschiller@gk-software.com

30.05.2008 Financial News transmitted by DGAP