Intershop Communications AG

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is an independent provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. More than 300 enterprise customers run Intershop solutions. Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the US and the Asia-Pacific region.

This article is about the e-commerce company. For the former East German retail stores, see Intershop.
Intershop Communications AG
TypePublic company
ISINDE000A0EPUH1
IndustryE-Commerce, Computer Software, IT Services
Founded1992 (as "NetConsult")
FounderStephan Schambach, Karsten Schneider, Wilfried Beeck
Headquarters
Jena
,
Germany
Number of locations
15 (Germany: Jena, Hamburg, Ilmenau, Nuremberg, Stuttgart, USA: San Francisco, Australia: Melbourne, China: Hong Kong, Brazil: Rio de Janeiro, Bulgaria: Sofia, France: Paris, Italy: Milano, Netherlands: Amsterdam, Sweden: Göteborg, United Kingdom: London)
Area served
Worldwide
Key people
Board of Management: Dr. Jochen Wiechen (CEO),Markus Klahn (COO), Supervisory Board: Christian Oecking (Chairman of the Supervisory Board), Ulrich Prädel (Vice Chairman of the Supervisory Board) Prof. Dr. Louis Velthuis (Member of the Supervisory Board)
ProductsE-Commerce-Solutions: Intershop Commerce Suite
ServicesSupplier Management, Fulfillment, Professional Services, Training, Support
Number of employees
380[1]
Websitehttp://www.intershop.com/

Company history

Intershop was founded in 1992 as "NetConsult" by Stephan Schambach, Karsten Schneider, and Wilfried Beeck. The Company in 1995 created the first German WWW-based online store.[2] Also in 1995, they created "Intershop Online, the first standard software for e- commerce applications",[3] marketed in the U.S. one year later [4] (see also Online shopping) and continued to be one of the leading software developers for this early time of the market.[5]

Beyond that it is known as one of the prime German examples of the so-called "New Economy bubble" (company value rose to US$11 billion in 2000 only to fall to penny stock levels in very short time[3]). At one point, a profit warning by Intershop caused widespread losses for other tech companies; for example, even SAP's stock fell by 8%.[6] The company hardly survived the crash but was able to keep operating and to continue development of its products. In the process, about 30 spin-offs were founded, including Pixaco (later acquired by Hewlett-Packard), ePages and Demandware (later acquired by Salesforce.com).[3]

It now is a major player in its segment again, having gained new customers as well as strong partners.

References
  1. http://www.intershop.com/investors-financial-reports?file=files/Intershop/media/downloads/en/investors/financial-reports/2015/2015-Annual-Report.pdf
  2. "Overview from German History Docs". December 17, 2003. Retrieved April 14, 2012.
  3. Buenstorf, Guido; Fornahl, Dirk (2006). "B2C - bubble to cluster: the dot.com boom, spin-off entrepreneurship, and regional industry evolution" (PDF). Papers on Economics and Evolution. MPI für Ökonomik. Retrieved April 14, 2012.
  4. "Historical NetConsult Press Release". NetConsult. May 29, 1996. Retrieved April 14, 2012.
  5. "Early customer's press release". Dec 11, 1996. Retrieved April 14, 2012.
  6. "Guardian article on consequences of Intershop profit warning". The Guardian. January 3, 2001. Retrieved April 14, 2012.
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