Intershop Communications AG

Intershop Communications AG
Public company
ISIN DE000A0EPUH1
Industry E-Commerce, Computer Software, IT Services
Founded 1992 (as "NetConsult")
Founder Stephan 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/Vorsitzender), Axel Köhler, Supervisory Board: Christian Oecking (Chairman of the Supervisory Board), Dr.-Ing. Harald Schrimpf (Vice Chairman of the Supervisory Board), Prof. Dr. Louis Velthuis (Member of the Supervisory Board)
Products E-Commerce-Solutions: Intershop Commerce Suite
Services Supplier Management, Fulfillment, Professional Services, Training, Support
Revenue EUR 42.77 million[1]
Total assets EUR 32.97 million[2]
Number of employees
 380[2]
Website http://www.intershop.com/

Intershop Communications AG is a company providing omni-channel E-Commerce solutions to large-sized companies worldwide. The company is headquartered in Jena (Thuringia) in Jentower, former Intershop Tower. It has offices in Hamburg, Stuttgart, Frankfurt, Nuremberg, San Francisco (U.S.), Melbourne (Australia), and Hong Kong (Asia) as well. Main product of Intershop is the e-commerce solution Intershop Commerce Suite.

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.[3] Also in 1995, they created "Intershop Online, the first standard software for e- commerce applications",[4] marketed in the U.S. one year later [5] (see also Online shopping) and continued to be one of the leading software developers for this early time of the market.[6]

Beyond that it is known as one of the prime German examples of the so-called "New Economy bubble" (company value rose to 11 billion USD in 2000 only to fall to penny stock levels in very short time[4]). At one point, a profit warning by Intershop caused widespread losses for other tech companies; for example, even SAP's stock fell by 8%.[7] 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), and Demandware,.[4]

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

Products

The newest product is the e-commerce solution Intershop Commerce Suite released in March 2015. Intershop Commerce Suite is an enterprise e-commerce solution for modeling sales processes to suit a business model or organizational structure. Using this single platform, businesses can showcase their brands and market their products worldwide. It includes selling to B2C, B2B, using partners for selling and the integration of suppliersIt comes in components covering specific fields of challenges for organizations that look to sell online, among others:

  • Omni-Channel Management
  • Product Information Management
  • Marketing and Merchandizing
  • Transaction Management
  • Analytics and Reporting

References

  1. ↑ http://www.intershop.com/press-release/intershop-increases-profitability-and-generates-positive-result-in-fy-2015
  2. 1 2 http://www.intershop.com/investors-financial-reports?file=files/Intershop/media/downloads/en/investors/financial-reports/2015/2015-Annual-Report.pdf
  3. ↑ "Overview from German History Docs". December 17, 2003. Retrieved April 14, 2012.
  4. 1 2 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.
  5. ↑ "Historical NetConsult Press Release". NetConsult. May 29, 1996. Retrieved April 14, 2012.
  6. ↑ "Early customer's press release". Dec 11, 1996. Retrieved April 14, 2012.
  7. ↑ "Guardian article on consequences of Intershop profit warning". The Guardian. January 3, 2001. Retrieved April 14, 2012.
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