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: ISHA) 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.