German GK Software AG, a provider of software solutions for the retail sector, is planning an initial public offering on the Frankfurt Stock Exchange in the coming months, according to German News Digest.

The company is seeking the IPO in order to fund the expansion of its business in the German and other European markets, as well as in the U.S. and Asia.

In order to achieve this, GK Software wants to intensify the investments in new technology, enhance its product portfolio and recruit additional staff, the company said on May 14, 2008.

In 2007, GK Software posted earnings before interest and tax of €2.3 million ($3.6 million) on sales of €10.8 million ($16.7 million), with an EBIT margin of 21.5%.