Jena, July 20, 2011 – Intershop Communications AG, supplier of integrated e-commerce solutions, has expanded the existing framework agreement with pharmaceutical and chemical group Merck to include further licenses as well as consulting and support services. The services will run for a period of three years with a total volume around the mid seven-digit euro range. Any profit generated from license sales will be recognized in income in the third quarter of 2011.
Merck has been one of Intershop’s Platinum Accounts for over two years. This expansion is proof of the excellent working relationship between the partners and also of the strategic importance of the “Merck Chemical Portal”. The business customer online platform has been successfully operating since 2007 and is based on Intershop software.
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.