Jena, Germany, April 9, 2008 – Intershop Communications announced today the expansion of its global partner network with the addition of ISHP Holdings as a direct reseller of Intershop’s e-commerce software, Enfinity Suite 6, and respective consulting, support, and training services in Australia and New Zealand. ISHP Holdings is an Australian registered and domiciled company.
ISHP is funded by MAP Venture Partners, which successfully invests in technology and communications companies in Australia and provides services and funding to take their innovative products and services to Australasian and global markets.
In 2007 Intershop increased software and services sales with the addition of new customers and upgrade contracts for existing accounts in the region. This recent partnership will leverage the current market momentum to continue the growth in the region. The ISHP partnership represents a major next step in Intershop’s go-to-market-strategy and commitment to the success of its customers and resellers in the region.
ISHP’s business is exclusively and solely dedicated to the expansion and development of the Intershop brand. This strategic relationship will provide for local investment to extend Intershop’s capability to comprehensively deliver and support current and potential Intershop customers. The new partnership ensures Intershop’s successful expansion in the region and maximizes local market knowledge and capabilities.
The new relationship with ISHP Holdings is already proving very positive with a strong pipeline and demand for the Intershop e-commerce solution. Intershop and ISHP Holdings expect to announce the first joint customers shortly. “Intershop provides the perfect technology and service experience for the fast growing e-commerce and mobile commerce market. It is a great pleasure to be working with this visionary product that has such a high value proposition for companies’ sophisticated e-commerce and mobile commerce needs. Enfinity Suite 6 is a landmark product for our industry”, says Henry Okraglik, Director, ISHP Holdings Pty. Ltd.
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.