Intershop Communications AG | Press Release |
Intershop sets course for investment package
- Guaranty provides additional scope for product innovations
- Federal State of Thuringia supports sustainable investment protection for customers
Jena, 29. 04 2015 – Intershop Communications AG, the leading independent provider of innovative solutions for omni-channel commerce, announced that the Federal State of Thuringia has committed to issue a guaranty that will serve as the main collateral for a EUR 6 million loan from Sparkasse Jena-Saale-Holzland yet to be raised. The decision by the Guaranty Committee of the Federal State of Thuringia needs to be confirmed still by the Thuringian Finance Minister by signing the guaranty certificate. With the support of the financing package, Intershop will push ahead its ambitious product innovations in the coming years. The main focus will be on expanding the strong position in the B2B segment as well as expanding the SaaS business.
Intershop Board Spokesman Jochen Moll said: “With this financing package, the State of Thuringia and the largest credit institution in the region underline their confidence in the performance of the product and service portfolio of Intershop and its ability to innovate. At the same time, they will strengthen Jena as a center of innovation for online commerce. Last but not least, Intershop customers will benefit from additional investment protection when opting for a commerce solution on the basis of which they can safely implement their growth plans.”
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.