Intershop Communications AG | Press Release |
eBay Inc. assumes significant equity position in Intershop Communications AG
- eBay becomes new Intershop major shareholder
- E-commerce alliances provide strategic competitive advantage
- Future investments ensure accelerated growth
Jena, Germany, June 21, 2011 - With the acquisition of GSI Commerce Inc. complete, eBay/GSI maintains a near 27% equity position in premier eCommerce solutions provider - Intershop Communications AG. eBay/GSI is now the largest single shareholder of Intershop stock. Intershop has been at the forefront of online commerce for nearly two decades. eBay/GSI’s equity position in the company represents validation and endorsement of the capabilities, internationalization, reach, and scalability, of Intershop’s global commerce platform.
eBay has recently invested significantly in technologies and companies to increase its global commerce brand. eBay CFO Bob Swan states “The Intershop software and GSI on-demand webstore platforms are provided for large and medium sized enterprise retailers. Combined with our latest acquisition of the Magento open source commerce platform for small businesses, we will enhance our position as the leading strategic global commerce partner of choice for retailers and brands of all sizes.”
eBay/GSI is a member of the Intershop Alliance; a consortium of customer and partner companies that participate in the expansion and sharing of eCommerce requirements, best practices, software development and methodologies, in order to increase the depth and breadth of commerce offerings. “We welcome eBay as a powerful new major shareholder” says Ludger Vogt, Intershop Communications Co-CEO. “Strategic alliances are critical in our ability to more quickly expand our leading commerce technology platform around the world.”
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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.