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DGAP-News: GK Software SE / Key word(s): Agreement
GK Software (FRA: GKS) today announced that it has launched a new collaboration with IBM (NYSE: IBM) to help drive next generation retail underpinned by hybrid cloud technology from IBM and Red Hat. Furthering their work together, the companies will help retailers to innovate and adapt quickly to the digital era by offering consumers enhanced and connected omnichannel experiences.
This relationship will help to provide retailers with an enhanced pathway to retail innovation using IBM's secured cloud technology and extensive industry services alongside the leading enterprise cloud solution for retail. As part of the collaboration, GK Software's CLOUD4RETAIL, currently the solution most rolled out to major retailers worldwide in new projects, is now accessible via IBM Cloud, accelerating hybrid cloud adoption within the industry. This global relationship also supports a joint go to market strategy which enables IBM's Global Services (GBS) to build integrated solutions and innovative offerings for retailers.
CLOUD4RETAIL is GK Software's flexible, open commerce platform providing services for the operation of integrated unified commerce environments from in-store and online touchpoints through to mobile devices. The platform is enriched by innovative services such as AI-based dynamic pricing, personalization, fraud detection, and mobile applications. Now optimized on IBM Cloud, the industry's most secured and open public cloud for business, the extensive expansion and customization options of the various CLOUD4RETAIL services, can be used on a wide range of devices.
GK Software will also extend the deployment flexibility of CLOUD4RETAIL by adopting Red Hat OpenShift, the industry's leading enterprise Kubernetes platform, allowing customers to run GK solutions across hybrid environments - from on-premises to multi-cloud environments and at the edge.
Michael Scheibner, Chief Strategy Officer of GK Software, says: "GK Software and IBM share a long partnership in the retail industry and many common customers. We are very pleased to accompany retailers on their transition to the cloud in cooperation with IBM. We believe that we can make an excellent offer for holistic omnichannel processes based on state-of-the-art technology, especially to long-standing IBM customers.
About GK Software SE
The company employs 1,159 members of staff (figures for 31 March 2021) across its headquarters in Schöneck (Germany) and other business locations in Germany, Czech Republic, Switzerland, South Africa, Russia, Ukraine and the USA. GK Software SE's customers include many well-known retailers, including Adidas, Edeka, Lidl, Aldi, Coop (Switzerland), Netto Marken-Discount, Hornbach, Migros, Grupo Kuo and Walmart. The software is currently being used at almost 500,000 retail and payment installations across approximately 100,000 stores in more than 60 countries. The company has grown rapidly in recent years and its sales revenues totaled EUR 117.6 million in 2020. 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 into a profitable company exhibiting strong growth.
Further information about the company: www.gk-software.com
02.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
GK Software SE
+49 (0)3 74 64 84 - 0
+49 (0)3 74 64 84 - 15
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange
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