GK Software
{{short description|Technology company}}
{{Infobox company
|name = GK Software
|logo = GK-Logo-400x400.png
|logo_size =
|type = Societas Europaea (SA)
|traded_as = {{FWB was |GKS0}}
|foundation = {{start date and age |1990}} in Schöneck/Vogtland
|founder = Rainer Gläß
Stephan Kronmüller
|location_city = Schöneck/Vogtland
|location_country = Germany
|area_served = Worldwide
|key_people = Michael Scheibner (Chief Executive Officer / Chairman of the Board)
Michael Jaszczyk (Chief Digital Transformation Officer / Member of the Board)
Nicholas Fraser (Chairman of the Supervisory Board)
|industry = Enterprise software
|revenue = €172.5 million (2023)
|net_income = -€5.2 million (2023)
|assets = €178.4 million (2023)
|equity = €91.8 million (2023)
|num_employees = 1,258 (December 2023)
|parent =
|homepage = {{URL |www.gk-software.com }}
}}
GK Software is a German technology company headquartered in Schöneck/Vogtland. The company specializes in software and services for the operation of large retail company branches.
The name stands for the initials of the two founders of the company, Rainer Gläß and Stephan Kronmüller. {{As of | 2023}}, GK Software had revenue of €172.5 million. {{cite web|url=https://investor.gk-software.com/de/veroeffentlichungen/financial-reports |title= Geschäftsbericht 2023|publisher=GK Software SE|access-date=1 July 2024}} GK employs about 1,258 individuals at fifteen locations worldwide. {{cite web|url=https://investor.gk-software.com/de/veroeffentlichungen/financial-reports |title= Geschäftsbericht 2023|publisher=GK Software SE|access-date=1 July 2024}}
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.[https://www.faz.net/aktuell/finanzen/aktien/boersengaenge-aktie-der-gk-software-bietet-chancen-1232365.html Börsengänge: Aktie der GK Software bietet Chancen (German)]. faz.net (2 June 2008). Retrieved on 22 May 2015.
Solquest Gmbh was acquired by GK in 2009.{{Cite web |title=Geschäftsbericht 2009 - AnnualReports.com |url=https://www.annualreports.com/HostedData/AnnualReportArchive/g/gk-software-ag_2009.pdf}} That same year, SAP initially took over the distribution of two products. This has now extended to five products, whose distribution is aimed globally since 2013.[http://news.sap.com/sap-offers-extended-global-reseller-agreement-with-gk-software/ 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.
In 2010, CEO Rainer Gläß was awarded the Ernst & Young business award as entrepreneur of the year.[http://www.manager-magazin.de/unternehmen/artikel/a-728881.html Gut orchestrierte Unternehmen (German)]. manager-magazin.de (15 November 2010). Retrieved on 22 May 2015. The Munich Strategy Group awarded GK Software a third place rank on the list of the most successful German mid-size enterprises in 2013.[https://www.welt.de/wirtschaft/article121260572/Deutschlands-erfolgreichste-Mittelstaendler.html Ranking: Deutschlands erfolgreichste Mittelständler (German)]. welt.de (27 October 2013). Retrieved on 22 May 2015.
In 2012, the acquisition of the AWEK Group considerably reinforced the services business segment of the company.
In 2015, GK Software acquired the retail segment of DBS [http://www.1dbs.com Data Business Systems Inc]., a US-based Point of Sale software specialist. 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.
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. Since April 1, 2025, Deutsche Fiskal GmbH has no longer been part of the GK Group; the Austrian company Fiscaly GmbH acquired the company [https://www.gk-software.com/de/newsroom/corporate-news/de-press-release-20250325-df-fiskaly]. gk-software.com (25 March 2025). Retrieved on 5 May 2025.
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 January 2020, GK Software announced a technology partnership with Kronos Incorporated to embed Workforce Dimensions suite into the OmniPOS platform.[https://www.marketscreener.com/quote/stock/GK-SOFTWARE-SE-3081828/news/GK-Software-Embeds-Next-Generation-Workforce-Dimensions-from-Kronos-Suite-into-OmniPOS-Platform-to-S-34027464/ GK Software Embeds Next-Generation Workforce Dimensions from Kronos Suite into OmniPOS Platform to Streamline Workforce Management]. www.marketscreener.com (1 August 2020). Retrieved on 5 May 2025.
Since September 2022, prudsys AG has been trading as GK Artificial Intelligence for Retail AG within the GK Group.[https://www.cloudcomputing-insider.de/pressebox--unn-united-news-network-gmbh-c-257534/nachrichten/631260cab8eb0/ prudsys AG announces name change]. cloudcomputing-insider.de (1 September 2022). Retrieved on 5 May 2025.
On January 10, 2025, GK Software acquired the deep tech and computer vision company Nomitri GmbH. As a wholly owned subsidiary of GK, the company develops visual AI solutions for self-checkout.[https://retail-news.de/gk-software-uebernahme-nomitri/ Self-Checkout: GK Software takes over Berlin startup Nomitri]. retail-news.de (13 January 2025). Retrieved on 5 May 2025.
In 2023, Fujitsu ND Solutions AG became the new strategic investor and majority owner of GK Software SE.{{Cite web|url=https://www.boerse-frankfurt.de/news/EQS-News-GK-Software-SE-Freiwilliges-oeffentliches-Uebernahmeangebot-von-Fujitsu-erfolgreich-Mindestannahmeschwelle-von-55-Prozent-ueberschritten-deutsch-323236c4-3ec7-43f6-a685-a8c18a040aaa|title=GK Software SE: Freiwilliges öffentliches Übernahmeangebot von Fujitsu erfolgreich|website=boerse-frankfurt.de|access-date=2023-06-02}}
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.{{Cite web|url=https://www.lebensmittelzeitung.net/handel/personalien/gk-software-chefwechsel-beim-anbieter-von-kassensystemen-171554|title=Report on Change of Leadership|website=lebensmittelzeitung.net|access-date=2023-06-02}}
In 2023, 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.{{Cite web|url=https://www.boerse.de/nachrichten/EQS-News-GK-Software-SE-Delisting-der-Aktien-der-GK-Software-SE-erfolgt-mit-Ablauf-des-1-August-2023/35134365|title=Delisting der Aktien der GK Software SE|website=boerse.de|access-date=2023-08-10}}
Operations
The company maintains fifteen locations in Germany, as well as in South Africa, the United States, Ukraine, Switzerland, Singapore, France, Australia and in the Czech Republic.{{cite web|url=https://investor.gk-software.com/de/veroeffentlichungen/financial-reports |title= Geschäftsbericht 2023|publisher=GK Software SE|access-date=1 July 2024}}
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.
References
{{Reflist}}
Category:Software companies of Germany
Category:Companies based in Saxony
Category:Multinational companies headquartered in Germany
Category:German companies established in 1990
Category:Companies listed on the London Stock Exchange
Category:Companies formerly listed on the Frankfurt Stock Exchange