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Asknet Solutions AG Enters into A Three Year Contract with Switch to Distribute Adobe Creative Cloud Licenses to Students in Switzerland

10/08/2021 | 07:00am EST

asknet Solutions AG has entered into a three year contract with SWITCH to distribute Adobe Creative Cloud licenses to students in Switzerland. The SWITCH foundation supports universities and other partners within and outside of the Swiss academic world to make effective and efficient use of opportunities presented by digitalization. Within this context, SWITCH also coordinates the distribution of software licenses to Swiss-based students, an essential undertaking to assure a high standard of educational quality in today's world, especially in times of pandemic. While SWITCH holds a client framework agreement with Adobe for purchasing Adobe Creative Cloud licenses, asknet will take care of license distribution, offering Swiss-based students an easy access to a broad range of leading software at special conditions. As the first step, the company will use its renowned portal www.studyhouse.ch to distribute licenses to students, ensuring quick and easy availability of the software. Thus, asknet will provide both the solution and the corresponding services, including the portal with automatic student authentication, the processing of payments, risk minimization through ensuring high renewal rates as well as license allocations and customer support management, especially during request peaks at the beginning of each semester. SWITCH is the competent and trusted partner for digitalization issues that jointly concern the education, research and innovation community in Switzerland. In this role SWITCH is able to negotiate contracts with commercial providers on behalf of all universities. University members, students, lecturers and researchers therefore benefit from better terms. SWITCH concludes to be very happy to reach this agreement. As of all members of the university community had the opportunity to obtain Adobe Creative Cloud via their university. Adobe Creative Cloud offers more than 20 industry-standard apps for design, photography, video, and web. As students develop in-demand digital skills with these tools, they also learn how to express their ideas in more visually compelling ways. The demand for those tools at universities is expected to rise. According to projections by the Swiss Federal Statistical Office, the total number of students in Switzerland goes up with an average annual increase of 1.3% and 270,475 students enrolled as of the fall semester 2020/2021. With the assistance of asknet, SWITCH is able to provide a centralized distribution of licenses to public universities.

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Sales 2021 81,0 M 91,9 M 91,9 M
Net income 2021 -3,20 M -3,63 M -3,63 M
Net Debt 2021 4,40 M 4,99 M 4,99 M
P/E ratio 2021 -4,39x
Yield 2021 -
Capitalization 5,57 M 6,31 M 6,32 M
EV / Sales 2021 0,12x
EV / Sales 2022 0,08x
Nbr of Employees 71
Free-Float 3,10%
Duration : Period :
asknet Solutions AG Technical Analysis Chart | ASKN | DE000A2E3707 | MarketScreener
Technical analysis trends ASKNET SOLUTIONS AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Last Close Price 4,26 €
Average target price 8,60 €
Spread / Average Target 102%
EPS Revisions
Managers and Directors
Christian Herkel Chief Executive Officer
Florent Guillomeau Chief Financial Officer
Christian Lagerling Chairman-Supervisory Board
Massimiliano Iuliano Deputy Chairman-Supervisory Board
Andreas Lammel Member-Supervisory Board