DGAP-News: German Startups Group

DGAP-News: German Startups Group Berlin GmbH & Co. KGaA: Majority holding Exozet Berlin GmbH announces largest single contract in its company history

German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Development of Sales

22.12.2015 09:30

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

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Quasi ad hoc announcement

Berlin, 22 December 2015. German Startups Group Berlin GmbH & Co. KGaA, the second most active venture capital investor in Germany since 2012 (CB Insights, 2015), informs that its majority holding Exozet Berlin GmbH has secured the largest single contract in the history of the company. The contract commissioned by a leading media company consists of a binding initial assignment as well as planned support and development services over the course of five years with a total volume in the mid single-digit million range. An expected two-thirds of the binding initial assignment will presumably be represented already in the 2016 earnings.

Exozet Berlin GmbH is currently the only fully consolidated majority holding, whose financial figures accordingly have a substantial effect on German Startups Group. Exozet Berlin GmbH had an annual turnover of 6.5 million euros in 2014 and 3.8 million euros in the first half of 2015 (both IFRS unaudited).

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Information and Explaination of the Issuer to this News:

Frank Zahn, founder and CEO of Exozet Berlin GmbH, comments, 'This contract highlights our position as the innovation leader and preferred solution provider for media platforms in Europe. Exozet stands for Creative Technologies, the seamless combination of creative excellence and pioneering digital technology.'

Christoph Gerlinger, CEO and founder of German Startups Group, adds, 'We are very happy for our majority holding Exozet, whose management has delivered an impressive performance since our investment.'

22.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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