DGAP-News

EQS Group takes over all shares in SaaS provider C2S2

DGAP-News: EQS Group AG / Key word(s): Takeover EQS Group takes over all shares in SaaS provider C2S2 20.04.2021 / 18:15 The issuer is solely responsible for the content of this announcement. EQS Group takes over all shares in SaaS provider C2S2

Munich - 20 April 2021

EQS Group AG (ISIN: DE0005494165) has exercised its option to acquire all shares in C2S2 GmbH, thereby taking over the innovative SaaS provider for policy management completely. C2S2 GmbH based in Bonn provides software for the understandable communication of company policies under the Rulebook brand.

C2S2 GmbH was founded in 2015 by Aram Kaven-Moser to provide employees with guidance and concrete recommendations for applicable company policies. In December 2020, EQS Group AG acquired a stake of approximately 23 percent and received a call option on all shares. EQS Group AG continues to expand its product portfolio and strengthen its corporate compliance unit with the complete takeover.

Achim Weick, CEO of EQS Group AG: "We have come to appreciate Aram Kaven-Moser and his team in the first three months of our collaboration and now want to move forward with the integration quickly and fully. Aram Kaven-Moser will also be responsible for our compliance programme together with Moritz Homann and Sven Schenkluhn and will manage a variety of applications such as Rulebook under the EQS umbrella in future."

Rulebook is a ground-breaking digital compliance application that benefits customers such as Audi AG and REWE Group. It is characterised by a smart search function and integrated chat bots. It allows employees to use an intuitive search for finding rules and recommended actions which are then prepared in a manner to be easily understood. The most recent rollout was at E.ON AG, which also uses the RuleBot service for 40,000 employees. The application will be available to E.ON employees worldwide in 9 languages in the second half of the year.