Intershop Communications AG | Press Release |
Intershop receives large service contract from Satyam
Total order intake to over EUR 1.0 million in the last three months
- Services ordered worth EUR 0.7 million
Jena, September 30, 2008 – Intershop Communications AG (Prime Standard: ISH2) today received an order for EUR 0.7 million from Satyam Computer Services Ltd. This brings Intershop's order intake from both Satyam itself and joint customers to over EUR 1.0 million in the last three months.
As part of this most recent agreement, Intershop and Satyam will take over technical support and maintenance for the e-commerce system launched in May by joint customer Telstra for a period of one year.
Intershop's technical experts will be responsible not only for regular operational support, but also for the further development of the e-commerce platform with its large number of interfaces.
Satyam is a leading global business and information technology company with more than 50,000 employees, delivering consulting, systems integration, and outsourcing solutions to clients in over 20 industries around the world.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.