Corporate News

2017-02-13

adesso AG finalises complete takeover of SAP consulting company UnitCon GmbH, expanding its customer engagement & commerce business

adesso AG is following through with the takeover of the IT consulting and development company in the field of SAP customer engagement, business analytics and HANA, as announced. adesso AG signed a purchase agreement in Darmstadt last Friday with the shareholders of UnitCon GmbH from Darmstadt. The purchase price is in the mid-single-digit-million range. It will be financed entirely with existing liquid funds, especially from the cash capital increase carried out successfully at the end of 2016. The profitable and debt-free company generated EBIT of approximately EUR 1 million and an EBIT margin of more than 20 % in the past financial year. The acquired company will be fully integrated into the adesso subsidiary ARITHNEA GmbH in the near future, where the sellers will continue to develop the joint business in roles of responsibility.

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2017-01-09

adesso develops software solutions for GEMA with a total order value of around EUR 4 million

adesso AG has developed a complex software solution for the Society for Musical Performing and Mechanical Reproduction Rights GEMA (Gesellschaft für musikalische Aufführungs- und mechanische Vervielfältigungsrechte) and received a follow-up order. The solution was completed after a twelve-month development period and allows GEMA to efficiently allocate and evaluate musical works that have been performed and to distribute the revenue collected from live events to the authors entitled to royalties. In collaboration with GEMA, adesso will support the software-based reorganisation and modernisation of the radio broadcasting segment as part of a follow-up project. This project is scheduled to be successfully completed as early as summer 2017. This part of the order will involve consulting and development services with an order value of some EUR 1.5 million.

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2017-01-03

adesso AG: Germany’s second-largest primary insurance group, Generali, puts its trust in adesso product as inventory control system in the life insurance sector

As part of a group-wide plan to modernise its inventory control system for life insurance, Generali in Germany has decided in favour of using PSLife from the adesso in|sure product family. The first group company to use the software for mapping new business will be AachenMünchener Lebensversicherung AG. The total investment amount is expected to be in the two-digit-million range. Initial licensing and service revenue was generated already in 2016.

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2016-12-01

Positive development continues with successful third quarter in 2016/Guidance increased for the year overall

adesso AG further increased its sales revenues in the third quarter of 2016 compared to the prior quarter and the previous year. Growth drivers are the core business with consulting and custom software development for customers in Germany and Switzerland, the expansion of own insurance software products and the smarthouse acquisition. Operating earnings reached a new high thanks to good capacity utilisation, profitable projects and licensing proceeds.

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2016-11-30

adesso pools its in|sure product family portfolio at adesso insurance solutions GmbH

Merger of PSLife Consulting GmbH with adesso insurance solutions GmbH

adesso is pooling its in|sure product family portfolio at adesso insurance solutions GmbH. Following the merger of PSLife GmbH in March 2016, the subsidiary PSLife Consulting GmbH is now being merged with adesso insurance solutions GmbH as well. adesso AG acquired the minority interests from the previous partners for this purpose. The merger agreement was notarised yesterday. All PSLife Consulting GmbH employees will work at adesso insurance solutions GmbH in future. The former managing director of PSLife Consulting, Harald Narloch, will join the management team of adesso insurance solutions GmbH (ais).

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