3U HOLDING AG: New Jobs at High-Growth Cloud ERP Provider Weclapp

weclapp GmbH opens a new office in Frankfurt am Main

Marburg (pta008/26.02.2019/08:00 UTC+1) * weclapp GmbH opens a new office in Frankfurt am Main
* Popular employer expands its committed young team
* Further significant sales growth planned for 2019

26 February 2019 - High-growth Cloud ERP provider weclapp GmbH (www.weclapp.com), a subsidiary of 3U HOLDING AG (ISIN DE0005167902), has opened an additional office in Frankfurt am Main. weclapp offers a comprehensive suite of technologically advanced Cloud-based business software and is rigorously pursuing further company growth. A key factor here is attracting skilled employees for research and development, sales and customer support. weclapp positions itself as a friendly, open and modern working environment for a committed young team. The number of employees working at its Kitzingen and Marburg offices climbed by 50 % to around 50 people over the course of the 2018 financial year.
The aim of the Frankfurt office is to provide a short work commute for new employees to be recruited from the Rhine-Main region. The first enquiries have already been received from interested candidates in the region. Although currently still small, the office is to be expanded in the future as the company grows.
Sales of the weclapp solution once again grew by around 50 % in the 2018 financial year - a growth rate that is also planned for 2019 and subsequent years.
"weclapp is one of the most promising business models in the 3U Group," explains Michael Schmidt, Speaker of the 3U Management Board, enthusiastically. "We are continuously attracting new customers among small and medium sized enterprises with the fully developed product and are now also targeting larger companies and rigorously preparing for further internationalisation. Our goal is market leadership in cloud-based ERP systems for SME. In order to achieve this, we will strengthen our already impressive organic growth through repeated acquisitions. To this end we are currently reviewing additional financing options, including a potential IPO in the short or medium term."

About 3U:
3U HOLDING AG (www.3U.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of Information and Telecommunications Technology (ITC), Renewable Energies (RE) and Sanitary, Heating and Air Conditioning Technology (SHAC). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.
3U HOLDING AG's shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).

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Emitter:	3U HOLDING AG Frauenbergstraße 31-33 35039 Marburg Germany
Contact Person:	Dr. Joachim Fleing
Phone:	+49 6421 999-1200
E-Mail:	IR@3U.net
Website:	www.3u.net
ISIN(s):	DE0005167902 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt, Tradegate; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart