GK Software

GK Software SE is a technology company headquartered in Schöneck/Vogtland. The company specializes in software and services for the operation of large retail company branches. GK employs about 1,230 individuals at sixteen locations worldwide.[1] The name stands for the initials of the two founders of the company, Rainer Gläß and Stephan Kronmüller. According to the fiscal year 2022 annual report, GK Software achieved revenue of €152.1 million.[2]

GK Software
TypeSocietas Europaea
LSE: 0NAU
IndustryEnterprise software
FoundedSchöneck/Vogtland, Saxony, Germany (1990 (1990))
FounderRainer Gläß
Stephan Kronmüller
Headquarters
Schöneck/Vogtland
,
Germany
Area served
Worldwide
Key people
Michael Scheibner (Chief Executive Officer / Chairman of the Board)
André Hergert (Chief Financial Officer / Member of the Board)
Michael Jaszczyk (Chief Digital Transformation Officer / Member of the Board)
Nicholas Fraser (Chairman of the Supervisory Board)
Revenue€152.1 million (2022)
€11.4 million (2022)
Total assets€166.6 million (2022)
Total equity€96.4 million (2022)
Number of employees
1,230 (March 2023)

History

Rainer Gläß and Stephan Kronmüller founded G&K Datensysteme GmbH in Schöneck/Vogtland in 1990. After successful growth, the company was converted into a stock corporation in 2001, and in 2008 went public in the Prime Standard of Deutsche Börse.[3]

Solquest Gmbh was acquired by GK in 2009.[4] In 2012, the acquisition of the AWEK Group considerably reinforced the services business segment of the company. GK Software acquired the retail segment of DBS Data Business Systems Inc., a US-based Point of Sale software specialist, in 2015. In the fall of 2017, GK Software announced that it would acquire a majority stake in AG's prudsys. The company with Chemnitz and Berlin locations is specialized in creating real-time personalization products in retail software. Artificial intelligence is used for this purpose. Since September 2022, prudsys AG has been trading as GK Artificial Intelligence for Retail AG within the GK Group.[5] Deutsche Fiskal is a wholly-owned subsidiary of GK Software and was founded in 2019 to develop and operate an open cloud solution to implement legal requirements within the framework of German fiscalization. The company based in Schöneck/Vogtland draws on the development resources and expertise of GK Software, whose solutions meet the legal requirements of local tax authorities in over 60 countries. The Fiskal Cloud and Fiskal Cloud Offline solutions are developed in close partnership with Bundesdruckerei and are available to all retailers and providers of recording systems (e.g., cash registers). 2020 saw the founding of retail7 GmbH, which develops and sells a cloud POS system optimized for small and medium-sized companies. In addition to the Schöneck headquarters, there are additional locations in Berlin, Jena, Pilsen and Johannesburg.

In 2010, CEO Rainer Gläß was awarded the Ernst & Young business award as entrepreneur of the year.[6] The Munich Strategy Group awarded GK Software a third place rank on the list of the most successful German mid-size enterprises in 2013.[7]

The company maintains sixteen locations in Germany, as well as in South Africa, the United States, Ukraine, Switzerland, Singapore, France, Australia and in the Czech Republic.[8]

The company distributes standard and cloud-based software solutions for the retail industry under the name GK CLOUD4RETAIL. This includes software for Point of Sale (POS), Backoffice, merchandise management, Store Device Control, sales promotion, administration of vouchers, automatic label printing, Open Scale and Monitoring.

In 2009, SAP initially took over the distribution of two products. This has now extended to five products, whose distribution is aimed globally since 2013.[9]

In January 2020, GK Software announced a technology partnership with Kronos Incorporated to embed Workforce Dimensions suite into the OmniPOS platform.[10]

In 2023, Fujitsu ND Solutions AG became the new strategic investor and majority owner of GK Software SE.[11]

Michael Scheibner was appointed by the supervisory board of GK Software as the new CEO and chairman of the executive board, effective June 1, 2023.[12]

After fifteen years on the capital market, the shares of GK Software SE were delisted from Deutsche Börse Frankfurt Stock Exchange and other German stock exchanges at the end of August 1, 2023.[13]

References
  1. "Financial Report GK Software 3 M Interim Statement 2023". GK Software SE. Retrieved 2 June 2023.
  2. "Software Annual Report 2022". GK Software SE. Retrieved 2 June 2023.
  3. Börsengänge: Aktie der GK Software bietet Chancen (German). faz.net (2 June 2008). Retrieved on 22 May 2015.
  4. "Geschäftsbericht 2009 - AnnualReports.com" (PDF).
  5. prudsys AG announces name change. gk-software.com (1 September 2022). Retrieved on 21 October 2022.
  6. Gut orchestrierte Unternehmen (German). manager-magazin.de (15 November 2010). Retrieved on 22 May 2015.
  7. Ranking: Deutschlands erfolgreichste Mittelständler (German). welt.de (27 October 2013). Retrieved on 22 May 2015.
  8. "GK Software Annual Report 2023". GK Software SE. Retrieved 2 June 2023.
  9. SAP Offers Retailers in North America a Full Range of Store Solutions to Optimize Their Businesses Through Extended Global Reseller Agreement With GK Software. sap-news.com (28 May 2013). Retrieved on 22 May 2015.
  10. "GK Software Embeds Next-Generation Workforce Dimensions From Kronos Suite Into OmniPOS Platform To Streamline Workforce Management". www.gk-software.com. Retrieved 2020-05-27.
  11. "GK Software SE: Freiwilliges öffentliches Übernahmeangebot von Fujitsu erfolgreich". boerse-frankfurt.de. Retrieved 2023-06-02.
  12. "Report on Change of Leadership". lebensmittelzeitung.net. Retrieved 2023-06-02.
  13. "Delisting der Aktien der GK Software SE". boerse.de. Retrieved 2023-08-10.
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