16. September 2019 · Corporate News
16. September 2019 · Corporate News
"Since the IPO, we have transformed from a traditional systems house into a Leading Digital Transformation Partner. As an IT solution provider, we can offer our customers the latest concepts that are necessary for their successful digital transformation," added Thomas Volk, CANCOM's CEO.
CANCOM initially listed on the trading floor of the Frankfurt Stock Exchange, as CANCOM IT Systeme AG on 16 September 1999. Back then the original share price was DM 21.50 and the total market value of the company around EUR 20 million. Since launching, the CANCOM story has been one of success. At the time of its admission to the MDAX, CANCOM SE's market capitalization amounted to approximately EUR 1.9 billion, its highest value to-date.
Over the years CANCOM has seen steady growth, expanding its customer base and range of IT services. The first locations outside of Germany signalled a growing international market presence. In 2013, CANCOM AG was renamed CANCOM SE, a European stock corporation, further underscoring the company's intention to internationalize. In 2016, consolidated sales exceeded the one-billion-euro mark for the first time.
Today, CANCOM employs more than 3,500 people internationally at more than 40 locations, including Germany, Austria, Switzerland, Belgium, Slovakia, Great Britain and the USA. In 2018, CANCOM generated annual sales of around EUR 1.4 billion.
"The successful development of our company was made possible by the strong trust of our customers, but above all by the special dedication and commitment of our employees. Thanks to their achievements, CANCOM is now one of the 90 most valuable listed companies in Germany - and we can all be very proud of that," CEO Thomas Volk concluded.
About CANCOM
As a Digital Transformation Partner, CANCOM accompanies organizations into the digital future. We support our customers to simplify complex enterprise IT and increase their business success through the implementation of modern technology. In order to comprehensively meet the IT needs of companies, organizations, and the public sector, CANCOM delivers tailor-made IT end to end from a single source.
The CANCOM Group’s range of IT solutions includes consulting, implementation, services, and the operation of IT systems. Customers benefit from the extensive expertise as well as a holistic and innovative portfolio that covers the IT requirements that are necessary for a successful digital transformation. As a hybrid IT integrator and service provider, we provide an integrated range of services and solutions including business solutions and managed services, such as cloud computing, analytics, enterprise mobility, IT security, hosting, and as-a-service offerings.
With around 4,000 employees worldwide, the internationally active CANCOM Group and its efficient partner network ensure market presence and customer proximity with locations in Germany, Austria, Switzerland, Belgium and Slovakia. The CANCOM Group is led by Rüdiger Rath (CEO) and Thomas Stark (CFO). The company is headquartered in Munich. CANCOM has an annual turnover of around 1.3 billion euros (consolidated revenue 2021). The parent company, CANCOM SE, is listed on the TecDAX and SDAX of the Frankfurt Stock Exchange (ISIN DE0005419105).
