Corporate News


adesso takes over business intelligence specialist flitcon GmbH

The IT service provider adesso AG has acquired flitcon GmbH. By taking over a 100 % stake in the business intelligence specialist based in Düren, near Cologne, adesso has expanded its portfolio to include technologies and services that are growing increasingly important, especially for banks and insurance companies.



adesso AG acquires SP Integration GmbH

Takeover of IT consultancy firm with 30 employees strengthens adesso's activities in the Rhein-Main-area

adesso AG has purchased SP Integration GmbH in Sulzbach, near Frankfurt. The complete takeover of this IT consultancy firm with a team of 30 highly qualified staff members helps adesso to achieve its ambitious growth plans.



adesso increases sales and earnings in the first half of 2016

With the presentation of its half-year report, adesso AG has confirmed the figures that were published in advance. In the first six months of 2016, the adesso Group increased sales year on year by 37 % to a new half-year record of EUR 119.0 million. Organic growth through the successful expansion of existing business activities accounted for 19 percentage points of this growth. This enabled adesso to easily exceed its target of expanding through organic growth by at least twice the rate of the market. Business performance was also assessed positively in terms of the full-year forecast.



Stuttgarter Lebensversicherung chooses adesso solution for its new claims management system

Revenue from licences, launch and maintenance to total around EUR 1 million

Stuttgarter Lebensversicherung a.G. (Die Stuttgarter) is replacing its existing claims management system for non-life, (third-party) liability, accident and supplemental health insurance with the adesso in|sure General Claims solution. The company has hired adesso to integrate in|sure General Claims into its current infrastructure and develop a solution for settling supplemental dental insurance claims, giving the insurance group a modern, web-based, ready-for-release claims system to supplement host-based portfolio management. Valued at around EUR 1 million, the project consists of fixed licence and maintenance revenue as well as integration and development services billed on a time and materials basis. The new solution is scheduled to go live in 2018, starting with Die Stuttgarter’s supplemental dental insurance business. The company’s casualty insurance business will follow at a later date.



Early extension of Executive Board contract with Michael Kenfenheuer until the end of 2021

The Supervisory Board is committed to the continuity of the successful management team

In May 2016, the Supervisory Board of adesso AG resolved to prematurely extend the Executive Board contract with Michael Kenfenheuer (57) which expires at the end of the year. The working paper was signed by both parties last week. The Chairman of the Executive Board will therefore continue to profoundly shape the future development of adesso AG until the end of 2021. With its recent long-term appointment, the Supervisory Board acknowledges Mr Kenfenheuer’s contribution to the successful expansion of the company, of which he has been a member of the Executive Board since 2000.



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