Corporate News


adesso increases its investment in com2m GmbH, expanding its activities in the internet of things as a future field of business

adesso AG has increased its investment in Dortmund-based com2m GmbH from a shareholding of 24.9 % to roughly 60 %. This investment of under EUR 1 million has taken place against the backdrop of dynamically developing demand for consulting and solutions within the context of the internet of things or “IoT” for short. In this way, adesso and com2m have already been able to gain their first major projects. com2m’s IoT platform plays a significant role in this respect, fulfilling new customer requirements with practical solutions and a results-based approach. For example, the application provides a basis to efficiently digitally connect machines and devices, and has been able to achieve a pleasingly high degree of maturity since the start of com2m’s collaboration with adesso at the beginning of 2016. As an alternative or basis for individual solutions, the platform can be used to set up applications quickly and easily. This makes it a much more affordable way to implement IoT solutions. It significantly reduces the initial hurdles in the way of digitalising services and processes.



adesso AG: Successful third quarter of 2017 with continuation of growth momentum and earnings rise

adesso AG further increased its sales revenues in the third quarter of 2017 compared to the prior quarter and the previous year. Operating earnings, EBITDA, were up on the figures recorded in the first two quarters of the year, as forecast. This was due to a significantly higher share of customer-billable hours as well as further licensing and maintenance proceeds from the in|sure product family.



adesso expands its portfolio of e-health solutions through the takeover of start-up medgineering

adesso AG has acquired 100% of the shares in medgineering GmbH, which is based in Halle (Westphalia). The company has developed a first-aider communication system for dispatch centres that notifies professional or voluntary first aiders in the immediate vicinity of an emergency as soon as an emergency doctor and ambulance are alerted. adesso will drive forward the country-wide expansion of the system to all dispatch centres in Germany on a revised technical basis. The purchase price was less than EUR 1 million. An earn-out agreement was also concluded with the former partner, who will continue to support the company in an advisory capacity. Potential revenue in Germany is less than EUR 10 million. The first positive contribution to earnings is expected in 2019.



adesso reports high growth in sales in the first half of 2017/Operating result lower than previous year after strong expansion in headcount

* Sales increased by 26% to EUR 149.6 million
* EBITDA amounts to EUR 7.6 million (- 14%)

By releasing its half-year report, adesso AG confirms the preliminary figures published before. The adesso Group increased sales in the first half of 2017 by 26% compared to the previous year, marking a new half-year high of EUR 149.6 million. 19 percentage points of sales growth were achieved organically by expanding existing business activities successfully. However, investments in the strong growth have weighed on earnings and, together with a lower share of customer-billable hours, reduced earnings before interest, taxes, depreciation and amortization (EBITDA) by 14% compared to the previous year. In the second half of the year, the operating result is expected to increase.



adesso awarded multi-year contract worth around EUR 21 million to develop new software system for healthcare sector

Medizinischer Dienst der Krankenversicherung (MDK) has awarded adesso AG, in its role as a general contractor, the contract for a large-scale project aimed at developing a new software system for the healthcare industry. The volume of the contract totals around EUR 21 million, EUR 4.4. million of which are attributable to the eight-year maintenance contract, which was concluded at the same time. The order underscores the significance of adesso’s consultancy and software development expertise in the healthcare sector. adesso will be supported by its partner in the consortium, HBSN AG, which will provide products and services worth some EUR 4 million. The overall system will be developed and productively deployed in phases. The first module is scheduled to enter production in late 2018. Project completion is scheduled for late 2021.



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