Jena, (Germany) 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 order marks a milestone in the history of Intershop. It demonstrates the quality and versatility of our e-commerce technology and underlines our course of internationalization,” explained Henry Göttler, Management Board member at Intershop Communications AG.
The three year contract is of substantial strategic importance for Intershop. Telstra is one of the largest and most well known companies in Australia. Intensifying 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 an independent, internationally leading provider of omnichannel commerce solutions. The latter are available as cloud-based commerce-as-a-service solutions or as licensed models and combine the expertise from over 25 years of software development for online commerce. Upon request, Intershop orchestrates the entire omnichannel commerce process chain – from the design of online channels to the implementation of software to fulfillment. Around the globe more than 300 enterprise customers run Intershop solutions Customers include large corporations such as HP, BMW, Würth and Deutsche Telekom as well as medium-sized enterprises. Intershop operates in Europe, the USA and the Asia-Pacific region.
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.