Jena, September 22, 2011 - Intershop Communications AG, a leading supplier of integrated e-commerce solutions and a large global technology company, have entered into an agreement to cooperate in a strategic partnership.
The agreement was signed today and focuses primarily on joint product development of Intershop products, particularly on the webshop technology which is already being used by this partner as an existing customer. It also includes software license and professional services. The agreement has an initial term of ten years and a revenue potential for Intershop in the mid two-digit million EURO range.
With the entry of the second strategic partner, Intershop is executing on its plan to expand its strategic alliance. The partner has been an Intershop customer for many years and complements the existing e-commerce cooperation with GSI Commerce. This is the consequential next step in Intershop's growth strategy.
Intershop still expects revenues to grow between 10% and 20% in financial year 2011 as compared to 2010 and earnings to come out at about the same level as 2010.
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.