Jena, June 30, 2009 – Intershop Communications AG, provider of integrated e-commerce solutions, has received the largest service order in its history from the Australian telecommunications company Telstra. The contract encompasses services with a total value of around AUD 22.6 million over a period of three years, which corresponds to around EUR 13 million. The order volume breaks down as approximately EUR 4.5 million in the first year, with EUR 4.3 million and EUR 4.2 million in the second and third years respectively.
The contract, which starts on July 1, 2009, follows on from a previous project for the Australian group. In June 2008 Intershop already developed a C-to-C platform dedicated to auctions and classifieds for the Telstra subsidiary Sensis (www.tradingpost.com.au) based on Intershop’s Enfinity Suite 6 standard software. The site was the leading shopping platform of its kind in Australia in 2008.
The contract, which has now been finalized, covers a range of services for Tradingpost and other Sensis Group portals, including testing as well as operational and general support.
The three year contract is of substantial strategic importance for Intershop. Telstra is one of the largest and most well known companies in Australia. Stepping up the cooperation represents an important step towards adding C-to-C business to the product portfolio and expanding the market position in the Asia/Pacific region. In addition, by gaining a long-term platinum account, Intershop is enhancing the reliability of planning for the coming years.
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.