28.10.2021 | Schöneck, Germany
1 min read

GK Software’s Cloud Business a Success in the USA

In the second half of the current fiscal year, GK Software SE has won two more major SaaS customers in the USA, continuing its successful penetration of this important retail market.

  • Two major new SaaS customers in the USA in the second half of the year
  • Long-term contracts for around 10,000 systems

Both customers have signed long-term SaaS contracts and will be introducing CLOUD4RETAIL. The total contract value (minimum order volume over the minimum term of contract) amounts to a figure well into the double-digit million range, relating overall to some 10,000 installations and the provision and operation of the necessary background systems.

The nature of the SaaS business means that these new clients will have very little influence on the result of the current fiscal year. However, they underline the ongoing shift in demand towards cloud solutions and considerably improve the visibility of the medium-term forecast. The Management Board therefore stands by its forecasts for 2021 and the medium term.