21.06.2018 10:08:06

DGAP-News: capsensixx AG: cooperation agreement with leading audit firm

DGAP-News: capsensixx AG / Key word(s): Market launch/Alliance
capsensixx AG: cooperation agreement with leading audit firm

21.06.2018 / 10:08
The issuer is solely responsible for the content of this announcement.


NOT FOR PUBLICATION WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.

capsensixx's shares started trading on the Frankfurt Stock Exchange / Expansion strategy of technology start-up coraixx is initiated

 

- Initial trading price was EUR 16.00 per share (initial placement price was set at EUR 16.00)

- Objectives of its initial public offering are fully met. The issue proceeds of EUR 5.3 mill. enables coraixx to start its operations.

- coraixx is highly confident to onboard further clients in 2018

- cooperation agreement with leading audit firm

Frankfurt, 21. June 2018 - capsensixx AG ("capsensixx" with ISIN DE000A2G9M17), a leading provider of "Financial Administration as a Service", shares started trading on the Prime Standard of the Frankfurt Stock Exchange this morning. The inital trading price was EUR 16.00.

Sven Ulbrich, CEO of capsensixx "We are pleased to have all our objectives of the initial public offering being reached. Not only we received the funding on our ambitious expansion strategy, but also is the visibility of our services related to "Financial Administration as a Service" enhanced. We already started our operations targeting a profitable growth-strategy."

The proceeds of the shares offering are taken to fund the expansion strategy of the technology company coraixx, of which capsensixx owns an economic interest of about 67%. coraixx, as a "Software as a Service" provider, enables large-scale enterprises to digitize high volumina of unstructured data (ie paper-invoices) into structured digital data, based on an artificial intelligence technology generated by Fraunhofer and INQUENCE GmbH. The technology is already in use of a major German institution, having processed over 500.000 documents since October 2017.

Marko Meissner, the CTO of coraixx: "Within the last few months we did optimize our onboarding tools. We are well positioned, to onboard further clients."

Thus said, coraixx is highly confident to onboard further clients in 2018 and to increase the number of processed documents substantially. It's services are aligned to attract large-scale enterprises and organizations. To accelerate its market entrance, coraixx has negotiated on a non-exclusive cooperation agreement with a leading international audit company.

Marko Meissner: "We got all the prerequisites to successfully launch coraixx: technology, market-entrance and funding using the issue proceeds." According to an estimate of the Federal Statistical Office in Germany of 2016, 32 billion invoices are processed every year - in Germany only.

Sven Ulbrich, CEO of capsensixx: "Our company provides a broad range of value-added services within "Financial Administration as a Service". Our subsidiaries Axxion and Oaklet enable initiators and decisionmakers to focus on their core competences, while capsensixx does all the administrative, regulatory and reporting surroundings. Both companies are profitable and successful since many years. coraixx will upgrade our position, offering a technology to transform unstructured (optical) data into structured digital ones. We are convinced, capsensixx is a great investment to our shareholders."

For further information please contact:

Media Relations

edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
Tel. +49(0) 69/905505-51
E-Mail: capsensixx@edicto.de

These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Australia, Canada or Japan. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities. The shares in capsensixx AG (the "Shares") mentioned herein may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares have not been, and will not be, registered under the Securities Act and will not be offered or sold in the United States. There will be no public offering of securities in the United States or anywhere else outside of the Federal Republic of Germany and Luxembourg. The public offer in the Federal Republic of Germany and in Luxembourg will be made exclusively by means of and on the basis of a securities prospectus. The securities prospectus, subject to approval, will be published on the internet page of the Company.

In the United Kingdom, these materials are only being distributed to and are only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which these materials relate is available only to Relevant Persons and will be engaged in only with Relevant Persons.



21.06.2018 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.
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Language: English
Company: capsensixx AG
Bettinastraße 57-59
60325 Frankfurt
Germany
Phone: +496976805850
Fax: +4969768058520
E-mail: ulbrich@capsensixx.de
Internet: www.capsensixx.de
ISIN: DE000A2G9M17
WKN: A2G9M1
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

697569  21.06.2018 

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