GK Software SE: cloud4retail - The Revolutionary Platform for Retailers

DGAP-Media / 2020-01-29 / 17:02 
 
_GK Software SE is reinforcing its claim to be the world's leading provider 
of software solutions for the retail sector with its cloud4retail platform. 
cloud4retail combines what is absolutely essential for a forward-looking 
solution in one platform: various cloud options, ranging from private to 
hybrid and even multi-tenant, offer flexibility and the highest levels of 
performance for innovative retailers. _ 
 
GK Software will be demonstrating this enormous flexibility and the 
expansion opportunities, which the world's leading cloud platform, 
*cloud4retail*, offers in conjunction with artificial intelligence, at the 
EuroShop retail trade fair on booth G42 in hall 6. cloud4retail brings 
together the leading solutions for large retailers with international 
operations through its OmniPOS, Mobile Customer Assistant and AIR 
(Artificial Intelligence for Retail) components. cloud4retail provides 
essential services like a shopping basket, price calculations or loyalty & 
promotions, within its open platform. It is possible to supplement the 
overall solution with additional functions directly from the OmniPOS 
standard software or as micro-services, which are simple and quick to 
implement and can come from a variety of different sources. The open 
platform enables retailers to test new concepts very quickly by using 
various enhancement opportunities - ranging from APIs to HTML-based app 
enablement - without having to change the software core in the process. This 
means that innovative solutions for item detection with the help of cameras 
or even intelligent shelves can be integrated quickly and tested in 
practice, for example. The classic cashier-operated checkout plays less and 
less of a role in these scenarios, but all the checkout functions still have 
to be made available as a top-quality service. Whether you need a 
frictionless store, self-scanning with smartphones or mobile applications on 
each possible device - the cloud4retail platform integrates all the touch 
points in an all-embracing, end-to-end IT concept. 
 
GK is inviting programmers to a *hackathon* at the EuroShop fair to 
demonstrate its product; this will enable users to test how easy it is to 
develop new functions on the basis of the cloud4retail platform. One example 
of how to quickly introduce new concepts will be a *fashion pop-up store* on 
the GK booth; this will demonstrate how innovative concepts can be quickly 
handled by open services architecture in order to inspire customers as well 
as seamlessly network all the channels and formats. 
 
The issue of *cloud services* is one of the most important items on the 
agenda for the retail sector. cloud4retail has already been fully designed 
for use in a cloud and SAP is already selling it. GK Software will be 
presenting the new cloud services at the EuroShop fair; as a result of them, 
it is even possible for very large, international organisations to use the 
OmniPOS leading enterprise solution in a cloud. All the options, ranging 
from private to hybrid and even a multi-tenant cloud, are feasible here in 
order to satisfy what retailers of different sizes require. 
 
Another major issue at the EuroShop fair will be the topic of *artificial 
intelligence*. The major focus will be on consistent, individualised 
services for all the channels as well as automated, dynamic pricing on the 
basis of machine learning. Artificial intelligence forms an integral part of 
cloud4retail on the basis of AIR platform (the Artificial Intelligence for 
Retail). AIR makes available the tools and additional means for specific 
solutions to meet precise retail requirements like dynamic pricing or 
personalisation. 
 
GK Software SE will also be presenting the latest version of its *mobile 
merchandise management* solution at the EuroShop fair. It provides all the 
merchandise management processes in a store directly out of a cloud on an 
extremely modern technological basis; this is available as an end-to-end 
service, online and offline, on different mobile devices and with a direct 
link to the central systems. 
 
Another major topic this year will be the issue of *fiscalisation*. Deutsche 
Fiskal, a subsidiary of GK Software, will be presenting its Fiskal Cloud 
solution on the GK booth; it enables retailers to meet the challenges of the 
German "Kassensicherungsverordnung" (Cash Register Security rules) by using 
a low-cost and future-proof cloud solution. 
 
*About GK Software SE* 
GK Software SE is a leading developer and provider of standard software for 
the retail sector, and currently counts 22 percent of the world's 50 largest 
retailers among its customer base. According to a study published by RBR 
2019, the Company is one of the leading international providers of POS 
software and is the second-fastest growing business in the industry in terms 
of the number of installations worldwide. The company offers an extensive 
range of solutions for stores and enterprise headquarters as well as for the 
implementation of contemporary omni-channel retail concepts. Thanks to its 
open and platform-independent software solutions in the GK/Retail Suite, the 
company has established itself as one of the market's leading providers of 
technology and innovations. Its solutions enable retail chains with numerous 
stores to optimize their business processes and to benefit from significant 
potential for saving costs and implementing customer loyalty programs in 
order to improve their competitiveness. In addition to its own software 
solutions, GK Software SE also offers customers a comprehensive range of 
implementation and maintenance services. Having been acquired in 2013, AWEK 
GmbH and in 2015, the retail segment of DBS Data Business Systems Inc. In 
2017, the company acquired a majority shareholding in prudsys AG, a company 
focused on artificial intelligence. In 2018, the valuephone GmbH was 
acquired, which develops leading solutions for mobile consumers. 
 
The company employs 1,173 members of staff (figures for 30 September 2019) 
across its headquarters in Schöneck (Germany) and other business locations 
in Germany, Czech Republic, Switzerland, South Africa, Russia, Ukraine and 
the USA. GK Software SE's customers include many well-known retailers from 
both Germany and beyond, including Parfümerie Douglas, Coop (Switzerland), 
EDEKA, Hornbach, Lidl, Migros, Netto Marken-Discount and Tchibo. The 
software is currently being used at 304,000 installations across 
approximately 56,400 stores in 60 countries. The company has grown rapidly 
in recent years and its sales revenues totaled EUR 106.2 million in 2018. 
Since launching the company in 1990, the two founders Rainer Gläß (CEO) 
and Stephan Kronmüller (deputy board member), together with the experienced 
management team, have shaped GK Software into a profitable company 
exhibiting strong growth. 
 
Further information about the company: http://www.gk-software.com 
 
*Contact:* 
GK Software SE 
Dr. René Schiller 
Tel.: [phone] 
Fax: [phone] 
E-Mail: [e-mail] 
 
End of Media Release 
 
Issuer: GK Software SE 
Key word(s): Events 
 
2020-01-29 Dissemination of a Press Release, transmitted by DGAP - a service 
of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
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Archive at www.dgap.de 
Language:    English 
Company:     GK Software SE 
             Waldstraße 7 
             08261 Schöneck 
             Germany 
Phone:       [phone] - 0 
Fax:         [phone] - 15 
E-mail:      [e-mail] 
Internet:    www.gk-software.com 
ISIN:        DE0007571424 
WKN:         757142 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Munich, Stuttgart, Tradegate 
             Exchange 
EQS News ID: 963421 
 
End of News DGAP Media 
 
963421 2020-01-29 
 
 

(END) Dow Jones Newswires

January 29, 2020 11:02 ET (16:02 GMT)