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Dortmund, 16.12.2019

adesso SE: new contracts for the implementation of in|sure at high-profile insurance companies create significant licence revenue in the fourth quarter

16.12.2019 / 07:33
The issuer is solely responsible for the content of this announcement.

Further high-profile insurance companies chose to use the adesso Group's in|sure product family in December 2019. Continentale Krankenversicherung a.G., one of the ten largest private health insurance companies in Germany, plans to switch the basis of its current system environment for inventory and claims management to in|sure by 2023. In addition to comprehensive insurance plans, a special focus will be placed on the modelling of collective contracts, which will be supported in future by the new in|sure Health Collective module.

Following last year's decision by DEVK to rely on in|sure for the management of private health insurance contracts, the company has now purchased a licence to use the in|sure PSLife policy management system for life insurance. DEVK plans to use PSLife to manage its pension funds in future. The system will build on in|sure CollPhir for company pensions, which has since been integrated into in|sure.

The new contracts cover licences worth over EUR 5 million, largely to be recognised in the fourth quarter of 2019. adesso SE and its clients have also signed implementation agreements and multi-year maintenance contracts.

adesso insurance solutions GmbH

adesso insurance solutions GmbH houses the adesso Group's own product portfolio for the insurance market and develops software and services for handling technical business processes on behalf of customers. The company offers compatible standard software products for inventory and claims management, to include all insurance segments, on the in|sure platform and is responsible for their integration into customers' application landscapes. Apart from the core applications for private health, composite and life insurers, the portfolio offers supporting systems like a partner management application (in|sure Partner) or a product modeling application (in|sure Product Manager). In addition, adesso insurance solutions offers a system for software-supported migration of legacy systems (MIGSuite), which can also be used outside of the insurance market.

adesso Group

With about 4,000 employees and annual sales of EUR 375.6 million in 2018, adesso Group is one of the largest German IT service providers and has outstanding opportunities for growth. At its own locations in Germany, other locations in Europe, Turkey and the USA as well as at numerous local customers adesso offers consulting and software development services for optimising core business processes. adesso also offers ready-to-use software products for standard applications. The development of an own, industry-specific product-portfolio opens up additional growth and earnings opportunities and is another key element of the adesso strategy. In 2016 and 2018 adesso was awarded the title of Best IT Employer in Germany.

Martin Möllmann
Manager Investor Relations
Tel.: +49 231 7000-7000

16.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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