DGAP-News: adesso AG

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

DGAP-News: adesso AG / Key word(s): Incoming Orders adesso develops software solutions for GEMA with a total order value of around EUR 4 million

09.01.2017 / 08:21 The issuer is solely responsible for the content of this announcement.

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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.

GEMA distributes royalties in TV, radio broadcasting, live music and dance music, among other segments. Previously, broadcasting and use notifications were processed in a different software system to the distribution of royalties to the authors, depending on the segment. Given the rise in data volume at GEMA, these highly specialised "stand-alone solutions" were no longer viable in terms of the architecture, and adesso was therefore assigned to consolidate them as part of the redevelopment. The challenge of the first project was to replace the outdated system and to record all notifications of musical performances subject to royalty payments for light music and serious music, such as at concerts, theatre and stage productions, and public events, in a new high-performance system. To achieve this, adesso developed a software solution that supports all core processes - from notification of music usage and allocation of a work to evaluation and distribution of the respective royalty to the author - in an efficient manner.

adesso is conducting these projects using agile software development methods at a fixed price. In doing so, adesso is underscoring its own project management expertise in agile software development.

About GEMA

As a state-authorised trustee, the Society for Musical Performing and Mechanical Reproduction Rights GEMA (Gesellschaft für musikalische Aufführungs- und mechanische Vervielfältigungsrechte) manages the rights of more than 70,000 members in Germany (composers, lyricists and publishers) and more than two million authorised persons abroad. It ensures that members are appropriately remunerated for the use of their works.

Contact: Martin Möllmann Manager Investor Relations Tel.: +49 231 7000-7000 E-Mail: ir@adesso.de

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09.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: English Company: adesso AG Stockholmer Allee 20 44269 Dortmund Germany Phone: +49 231 7000-7000 Fax: +49 231 7000-1000 E-mail: ir@adesso.de Internet: www.adesso-group.de ISIN: DE000A0Z23Q5 WKN: A0Z23Q Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London



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