GK Software AG is planning the acquisition of the „Retail“ business segment of United States based DBS Data Business Systems Inc. (DBS), as part of an asset deal. This business segment provides products and services in the areas of Payment Processing, customer engagement and loyalty. The native Virginia company has been successfully focused on retail and hospitality for decades. The DBS segment "Retail", whose acquisition is planned, is based in Raleigh, North Carolina, and has generated revenue of about 6 million US dollars in 2014 being highly profitable. The “Retail” segment has currently 21 employees.
Both parties have agreed not to disclose the purchase price of this acquisition.
(End of Ad-hoc News)
About DBS
DBS Inc. was established in 1977 and has since been managed by its founders. The company is focused on solutions for hospitality and retail industries and in the course of its history, has served more than 2,000 customers. The planned acquisition is strictly related to the DBS business segment „Retail“, focusing solely on the retail sector. This business segment is geared on the one hand toward project development and consultation, and on the other hand complements with its solutions GK Software’s offering for the retail market.
The DBS segment „Retail“, which focuses on the implementation of store projects, has successfully administered countless roll-outs of the former SAP-POS solution (Triversity). Therefore, long-standing and grounded customer relationships exist within a market setting that is of particular interest to GK Software. The most important software solution in the portfolio of DBS „Retail“ is oriented toward the connection of various hard and software components for the implementation of Electronic Payment Processing in North America. An uncomplicated and quick integration of this solution into GK Software’s world of solutions will bring a simplified and accelerated implementation of customer projects within this market sector.
As a result of this acquisition, GK Software anticipates a defined and boosted growth in the North American Market. A reputable team with customers and partners alike, possessing many years of experience managing complex store projects, will reinforce the visibility and proven implementations record in this market. With this move, GK Software precedes one more step in the further development of one of the largest retail markets in the world.
This project has been realized in conjunction with IKB Deutsche Industriebank AG.
