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    OSP2   DE000A0BVU28

USU SOFTWARE AG

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USU Software : Omnichannel Media Advertising Powerhouse Partners with USU Software Asset Management

07/01/2021 | 04:36am EDT

DGAP-News: USU Software AG / Key word(s): Incoming Orders
Omnichannel Media Advertising Powerhouse Partners with USU Software Asset Management

01.07.2021 / 10:35
The issuer is solely responsible for the content of this announcement.


USU selected for immediate ROI and easy access to data for Oracle optimization

BOSTON, MA - July 1, 2021 - USU Group, a leading provider of IT solutions and services, has announced a New York-based advertising and software company (The "Customer") has signed a perpetual agreement to use USU Software Asset Management for Oracle optimization. The Customer believes the Oracle optimization results uncovered by USU during their Pilot will deliver immediate ROI.

Maintaining an accurate overview of its software estate is challenging for a global organization. With an annual revenue of $200-300 million, the Customer employs 1,200 people across 20 global offices and provides brands with an end-to-end advertising platform across media channels.

With 150 Oracle instances, the Customer wanted to improve its Oracle license management, while lowering potential compliance risk by its development team. After an in-depth evaluation of four major SAM vendors whose options spanned from complete service engagement outsourcing to acquiring a tool, The Customer selected USU to meets its complex Oracle license management needs. Self-sufficiency and the ability to optimize their Oracle license positions at any given time were key decision factors.

"The Pilot results really solidified this project and set USU apart from competitors" said Mel Passarelli, President and CEO of USU Solutions Inc. "While our Oracle optimization solution lets users quickly drill down into data, other tools require multiple reports to secure that same data, which isn't efficient and leaves room for error. From a total cost of ownership, our licensing model is more favorable."

USU Software Asset Management provides end-to-end Oracle optimization, from trusted discovery results to a reliable compliance position. It is verified by Oracle for its accurate audit-ready data collection of Oracle Database, Database Options, and most recently Fusion Middleware products such as WebLogic, Oracle Application Server, and Oracle Business Intelligence. The specialized USU solution is also independently certified by The ITAM Review for Oracle Database performance.

USU has offices in the USA, Canada, and Europe, and operates worldwide across a global partner ecosystem.

This press release is available at https://www.usu.com.



USU

As a leading provider of software and services for IT and customer service management, USU enables companies to master the demands of today's digital world. Global organizations use our solutions to cut costs, become more agile and reduce risks - with smarter services, simpler workflows and better collaboration. With more than 40 years of experience and locations worldwide, the USU team brings customers into the future.

In addition to USU GmbH, which was founded in 1977, the subsidiaries USU Technologies GmbH, USU Solutions GmbH, USU Solutions Inc. and USU SAS also belong to USU Software AG (ISIN DE 000A0BVU28), which is listed in the Prime Standard of the German Stock Exchange.

Further information: https://www.usu.com



Contact

USU Solutions Inc.
Evonne Wetzner
Marketing Director
Email: evonne.wetzner@usu.com

USU Software AG
Dr. Thomas Gerick
Corporate Communications Manager
Email: thomas.gerick@usu.com

USU Software AG
Investor Relations Manager
Falk Sorge
Email: falk.sorge@usu.com



01.07.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: USU Software AG
Spitalhof
71696 Möglingen
Germany
Phone: +49 (0)7141 4867-0
Fax: +49 (0)7141 4867-200
E-mail: info@usu-software.de
Internet: www.usu-software.de
ISIN: DE000A0BVU28
WKN: A0BVU2
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1214372

 
End of News DGAP News Service

1214372  01.07.2021 

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Sales 2021 115 M 135 M 135 M
Net income 2021 6,12 M 7,17 M 7,17 M
Net cash 2021 4,80 M 5,63 M 5,63 M
P/E ratio 2021 43,6x
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 25,30 €
Average target price 32,15 €
Spread / Average Target 27,1%
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Bernhard Oberschmidt Chairman-Management Board
Udo Strehl Chairman-Supervisory Board
Erwin Staudt Independent Member-Supervisory Board
Gabriele Walker-Rudolf Independent Member-Supervisory Board
Falk Sorge Head-Investor Relations
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