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Gaensel Energy, Inc., (OTC Pink: GEGR) ("the Company", "GEGR"), a diversified Holding Company, announces today the acquisition of Suite 110 SRL, https:www.suitecentodieci.it, providing dynamic solutions for Small and Medium Enterprises (SMEs), with annual revenues in excess of $8,000,000 USD.
Suite 110 SRL that provides an all-in-one CRM management, sales and marketing system, encrypted cloud storage for secure documents, project management, invoicing and accounting, warehouse, logistics and inventory optimization, connectivity for multi-bank and cash management, and a number of other features that provide businesses with a platform that streamlines operations in one secure platform.
Our founder and Director Helmut Gaensel states, "This is one of a number of active acquisition targets we have and continue to be negotiating and today we are pleased to have finalized the acquisition of this additional Company. Our management team has identified a number of companies and Intellectual Property ripe for acquisition and expansion as a result of the pandemic."
"The premier application in Suite 110's products is its CRM software. CRM is used to manage current customers and provide a pipeline of marketing outreach to future customers. The market for CRM software has demonstrated continued growth over the last decade with players like Salesforce, Zoho, Oracle and Microsoft, and is expected to grow exponentially over the next decade."
Key CRM Statistics
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"Previously, CRM has been majorly adopted by large enterprises only, but due to an explosion of pay-per-use SaaS (Software-as-a-Service), CRMs are quickly becoming a necessity for small businesses globally, and GEGR's Suite 110 intends to capture an impactful market share with its unique platform for SMEs, saving them a significant amount of time and money, increasing market opportunities, and eliminating HR, inventory and accounting headaches, all in one platform."
Mr. Gaensel adds, "Our Management Team and Directors are thrilled to have officially closed on Suite 110 and anticipate additional acquisition announcements as we close out 2020, with reasonable anticipation of over $200,000,000 USD in contracted revenues with thanks to our diversified holding model, and positioned for an additional $764M USD in revenues by end of January 2021 with thanks to our recently acquired General Contractor Petit Chateau and its financial contracts already approved by Italy's Agenzia Entrate (equivalent of the U.S. IRS)."
CRM INDUSTRY SNAPSHOT:
Customer Relationship Management (CRM) Software Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024.
The global market for customer relationship management (CRM) software should grow from $48.5 billion in 2019 to $85.8 billion by 2024 with a compound annual growth rate (CAGR) of 12.1% for the period of 2019-2024.
- CRM software is now the biggest software market in the world and the growth isn't slowing down. In fact, CRM is now expected to reach more than $80 billion in revenues by 2024.
- One of the key factors behind the growth of CRM is accessibility. Companies want access to customer data in real-time, with mobile and cloud solutions leading the way.
- From customer service and email marketing to personalization, companies now expect to be able to connect platforms and technologies with customer data, in order to provide a more personalized experience.
CRM Software Revenue Forecast
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Forward-Looking Statement:
This press release includes "forward-looking statements" within the meaning of U.S. federal securities laws. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
Contact Information: admin@gegrgroup.com
Gaensel Energy Group Website https://www.gegrgroup.com
Gaensel on Twitter: https://twitter.com/gegrgroup
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68746
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