EAC INVEST A/S Company announcement no 2/2016 19 January 2016
Santa Fe Group today announces the
signing of
the first contracts for the development,
licensing and implementation of a new technology platform for the Santa Fe Group. The new
technology platform is a cornerstone in
the 2020
Strategy, which Santa Fe announced in
September 2015 (company announcement no. 9/20 5)
The new core technology platform will be based on Salesforce, and the first two contracts with Salesforce cover licencing and the development of phase 1. Salesforce (w ww.salesforce.com)
is the world's leading Custom
r Relationship Management company. They are known for their
innovative, flexible
and adaptable platform, and for their focus on customer success. The
philosophy of positioning the customer at the centre of attention fits perfectly with Santa Fe's
strategic
objective
to serve
customers
with a full
range of
mobility services, provided in
addition to the core moving of the household goods. The solution will be cloud based and delivered as a service.
The licensing agreement is valid for 6 years, and the combined value of the two contracts is EUR 11.5m. The annual license cost will affect EBITDA from the time the system is taken into
operation, which is expected
towards the end of
2016. Total CAPEX
associated
with the
project
is estimated to be
around EUR 3.0m in
2016, amortisation
of which
will only
commence once the system is taken into operation.
Future phases of the new technology platform are envisioned to provide a fully integr
ted end-
to-end solution for customers and assignees, for customer service, operations, and all the way
through to final registrations in the financial systems minimize risk to the ongoing operations.
A phased approach has been selected to
"Entering into these two contracts with Salesforce is a significant step forward for Santa Fe Group. The transformational technology platform will enable us to continuously enhance our service offering to customers and to reap internal process efficiency gains built on innovative,
leading
technology. The Cl
ud-based
Salesforce
platform
provides
Santa Fe
with the
strongest possible foundation to succeed in the market place of the future" commented Santa Fe Group CEO, Martin Thaysen.
The investment in the new technology platform does not impact Santa Fe's long-term financial targets, as outlined in Company Announcement no 9, 22. September 2015.
Additional information:
Martin Thaysen, Group CEO Christian Møller Laursen, Group CFO
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Santa Fe Group A/S issued this content on 2016-01-19 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-19 07:42:10 UTC
Original Document: http://investor.thesantafegroup.com/releasedetail.cfm?ReleaseID=950619
