Exasol wins additional contracts from the financial sector with 'Espresso'

EQS-News: EXASOL AG / Key word(s): Contract/Miscellaneous
Exasol wins additional contracts from the financial sector with 'Espresso'

25.03.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Exasol wins additional contracts in the financial service sector with
"Espresso"

Nuremberg, March 25, 2024: Exasol AG, a global technology company and
provider of a high-performance analytics database, has recorded further
sales successes in the financial industry in the first quarter. The company
has now extended existing contracts or concluded new contracts with a total
of four additional customers from Europe and the USA. The annual recurring
revenues (ARR) from this amounts to almost one million euros and shows the
growing importance of the financial sector for Exasol. This segment already
accounts for around 25% of ARR.

The largest share of the new contract volume is attributable to a customer
from the German-speaking region (DACH), which has roughly tripled its
existing contract to a mid-six-digit euro amount. As an IT service provider,
the company takes over the data centers and IT operations for banks and thus
provides a uniform platform for their users. This also includes the data
analytics applications in which Exasol has been used as an accelerator for
years. Due to the rapidly growing data pool, the company has now decided to
extend the contract in order to continue offering its customers the usual
performance in the future. Exasol will be deployed on the company's IT
infrastructure (on-premise). The contract has a term of at least three
years.

In addition, Exasol has also acquired a new customer from the banking sector
via its partner sales, in this case via an IT consulting company in
German-speaking countries that supports customers in optimizing their IT
infrastructure. As part of a customer project, Exasol is used as an
accelerator for the existing data analytics environment. Partner sales are
becoming increasingly relevant for Exasol and are an important pillar for
future growth.

"We are pleased that the momentum from the financial sector, as we saw at
the end of last year, is continuing in the first quarter. As companies
continue to grow their data volumes, our Espresso solution is playing an
increasingly important role in accelerating data analytics processes,"
explains Jörg Tewes, CEO of Exasol. "In addition, many companies in the
financial sector are facing more and more regulation regarding their data
security. This is why hybrid application options, in which data can be
stored both in the company's own data center and in a private cloud
environment, are of great importance."

About Exasol
Exasol is the high-performance analytics database provider bringing
increased productivity, cost-savings, and flexibility to redefine how
businesses use data - on their own terms, without having to compromise.

Exasol helps companies transform business intelligence (BI) into better
insights with Exasol Espresso, the world's fastest, most versatile query
engine that plugs into existing data stacks. With its purpose-built columnar
database, Massively Parallel Processing architecture and auto-tuning
capabilities, Espresso serves as an easy-to-deploy BI accelerator, working
with any data tool to turbocharge complex queries and deliver insights at
blazing speeds. With Exasol Espresso, organizations can turn higher volumes
of data into faster, deeper, and cheaper insights.

Investor Relations Contact

Christoph Marx
Tel: +49 911 2399 114
E-Mail: ir @exasol.com


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25.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        EXASOL AG
                   Neumeyerstraße 22-26
                   90411 Nuremberg
                   Germany
   Internet:       www.exasol.com
   ISIN:           DE000A0LR9G9
   WKN:            A0LR9G
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1865795

End of News EQS News Service
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1865795 25.03.2024 CET/CEST