Experienced leader takes Gloster Cloud business to the next level

Extraordinary information

A Gloster Infocommunication Public Limited Company (company registration number: 13-10-042012; registered office: 2142 Nagytarcsa, Csonka János utca 1/A. building A/2.; hereinafter referred to as: the Company, Gloster) is the legislation, in particular the Capital Market Act CXX of 2001.

Law ("Tpt.") and the General Business Rules of the Budapest Stock Exchange, the the following information to the Honoured Investors.

Experienced leader takes Gloster Cloud business to the next level

László Földesi Ákos takes over the management of the business with 18 years of professional experience

2024. From 1 September 2024, László Ákos Földesi will lead the Cloud business of Gloster Infocommunications Plc. . With almost two decades of professional experience, he will be responsible for the one of the owners of Systemfarmer Zrt. - is responsible for the[1] CAGR of 29%, will be responsible for the further dynamic growth of the business.

Földesi László Ákos László has been helping companies in business development since 2011. digital transformation. He has been a speaker at several international conferences. In 2014, at the Microsoft WPG "The Power Of Partnership", and in 2015 at the Microsoft World Wide Partner Conference in Orlando, Orlando, on "How to be Successful in the Cloud" in Orlando, Orlando at the Microsoft Partner Conference. In 2016, he presented at the Microsoft World Wide Partner Conference in Toronto, where he gave the opening keynote address on marketing in the cloud. His areas of expertise include business consulting, Microsoft Cloud expertise, branding, team and project management, and digital marketing. Together with András Téglás, they have been successfully building their joint company, Systemfarmer Zrt.

A appointment is value-creating for shareholders because it is one of the highest dividend the highest dividend-paying, foreign currency-based recurring revenue-generating business who is also in a position of ownership and who will surely be expected to management is confident of further growth.

History

2024. On 15 August 2014, the owners of Gloster Cloud Zrt. and Systemfarmer Zrt. László Ákos and András Téglás) successfully closed the contract signed on 16 February 2024 on February 16, 2014, under which the two cloud technology companies will continue to operate under the ownership of a common holding company. As of 1 January 2025, the two companies will the two companies, under the name Gloster Cloud Zrt . the largest domestic cloud services partner company owned by Microsoft.

Merging early next year, the more than 600 organisations in the digital transformation of their organisations and Systemfarmer Zrt. will create a cloud IT team of nearly 40 people specialised in cloud computing, providing 541 customers with a high level of Microsoft-based IT services for 541 customers, with revenues of 91.1% of their revenue in 2023 was recurring revenue. With significant implementation experience Microsoft 365, Microsoft Azure, Security, Dynamics 365, Power Platform and Copilot technologies.

Single under the control of Cloud companies

A at the same time as the appointment, all three companies, Gloster Cloud Zrt. Systemfarmer Zrt. and their owners Gloster Cloud Holding Zrt. will be led by the following members of the Board of Directors:

Földesi Ákos László - Cloud Business Unit Manager, (with independent signature authority),

Bricks András - Board of Directors member of the board (with independent signature authority),

Kiss Tibor - Hungarian Head of Operations (without signature authority),

Bene Tamás - Cloud business unit commercial Manager (without signature authority).

A In the interests of sound management, the appointed managers , through their membership of the Board of Directors Board of Directors shall not receive any special benefits in connection with their Board membership.

A appointed Cloud company directors, management expects them to be able to use the System Integration and Cloud businesses to a higher level. The Gloster Systems Integration and Cloud businesses merged their sales teams earlier this year [2], to offer more advanced and more affordable solutions than their competitors than their competitors. The Systems Integration business grew 56% and the Cloud business 19% in 2023.[3] The management as a result of synergies from joint sales, the growth rate compared to last year.  

About Gloster

Gloster on BSE listed in the standard category of the BSE, offering a wide range of international IT international IT service provider. In its more than 20-year history, Gloster has grown from a hardware garage company to a software to a software-focused international medium-sized company. Gloster is a fast-growing eleven transactions since 2018, and has grown to expanded its activities in systems integration, cloud solutions and and international software development services. The group is currently currently has a team of nearly 350 people, with the most recent (Hungarian Accounting Standards 2023 consolidated financial statements (according to Hungarian accounting standards), its adjusted turnover is 10.3 billion HUF and adjusted EBITDA of HUF 976 million.

Nagytarcsa, 28 August 2024.

Gloster Infocommunications Plc.

More information:

Dr Bassola Eszter

Investors relations officer

bassola.eszter@gloster.hu

[1] 2021-2023 period

[2] Annual 200 million business development programme launched in Gloster - https://gloster.hu/uploads/befektetoknek/kozzetetel/rendkivuli_tajekoztatasok/28982-Rendkivuli-tajekoztatas_-Evi-200-millios-vallalatfejlesztesi-program-indul-a-Glosterben.pdf

[3] Investor presentation 2023 results - https://gloster.hu/uploads/befektetoknek/tarsasagra-vonatkozo-alapinformaciok/befektetoi-prezentacio/2023-eves-jelentes-prezentacio-662770ccea4b2.pdf