Press Releases

There is a sense of euphoria at the start, and it is usually huge. Expectations reach unimaginable heights before an AI project begins, then disillusionment sets in as the weeks and months pass by. The end result is not the hoped-for revolutionary improvement to your own processes or brilliant new service idea, but a proof of concept (PoC). This evaluation shows what is possible and quickly reaches a state in which many AI initiatives remain forever: stuck in the PoC nightmare. The project fails as it moves from “this is possible” to “this is productive and earns money” – not because the developed AI solution does not work, but because those responsible have paid too little attention to some peculiarities and challenges typical of AI. In order to avoid the PoC nightmare, the IT service provider adesso believes companies should pay attention to these ten points:

QUANTO AG, which is majority owned by adesso, was joined in the past few weeks by about 100 SAP experts from the mother company and is now doing business under the name adesso orange AG as of 1 April 2021. The newest adesso subsidiary was formed to assist corporate customers with projects in the SAP segment.

IT service provider adesso continued its strong growth in 2020 in spite of the global pandemic, increasing its sales by 16 % to EUR 523.4 million. Operating earnings (EBITDA) improved more significantly, by 26 % to EUR 60.4 million. All in all, the business model and sector diversification have proven to be resilient.

The Supervisory Board of adesso SE has appointed Torsten Wegener to the Executive Board as of 1 April 2021, bringing the total number of members to six. This new addition to the management is one way the IT service provider is responding to its rapid growth, the diversification of business fields and target industries, and advances in internationalisation.

A study published today by adesso insurance solutions and the Leipzig insurance forums provides a clear picture of the German healthcare system in the years to come, as well as the role of private health insurance (PHI) in this sector.

Online and blended lessons have unfortunately now become the norm for many pupils in these coronavirus times. To get home schooling to work, a basic prerequisite is good IT equipment, of course. The IT company adesso would like to provide support locally and has committed to helping Heisenberg-Gymnasium in Dortmund quickly and unbureaucratically. It is a small Easter present, so to say.

The Executive Board of the IT service provider adesso has reached an agreement with the US company Crownpeak Technology Inc. on the sale of its subsidiary e-Spirit AG. The wholly-owned adesso subsidiary develops and sells the internationally renowned content management product FirstSpirit.

The Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG, one of the largest pension funds in Germany, has decided to comprehensively renew its application landscape based on products from adesso insurance solutions GmbH. Furthermore, a long-term maintenance agreement was also signed. The project has begun on March 1, 2021 and will run for approx. four years. The aim is to keep the system landscape and processes future-proof over the long term and to exploit further strategic potential in the product portfolio and digitization.

Understanding insurance customers better and crafting precision-tailored offerings is the goal of a new strategic cooperative initiative launched by IT service provider adesso and FinTecSystems GmbH, a leading infrastructure fintech firm focusing on open finance. The partnership is to concentrate on analysing and interpreting payment transaction streams. This “open finance” approach is based on the new EU Payment Services Directive (PSD2).

For over seven million German citizens, Bausparkasse Schwäbisch Hall is the first port of call for home loan savings, building finance, renovation and refurbishment, and for follow-on financing of their construction projects. In the context of a large project to bring its IT systems up to date, Bausparkasse has engaged the IT service provider adesso for a sub-project. adesso will support the bank to develop an SAP-based application for its core banking business as a first-time lender. An initial system release with adesso support has already gone live, with the second release planned for autumn 2021.