Rio de Janeiro and São Paulo, Brazil, September 25, 2013 – Intershop, the leading independent provider of omni-channel commerce solutions, and PayPal, global leader for online payments, announced today a partnership for e-commerce solutions in Brazil. Via PayPal, Intershop offers retailers a safe, reliable and simple to use payment platform. In turn, PayPal will offer clients Intershop’s state-or-the-art e-commerce platform, proven technology from two decades of experience across various industry verticals.
Established in 1992, Intershop has more than 500 clients, from large to medium size companies, globally. “We work closely with each client to not only offer the latest developments in e-commerce technology, but to tailor our solutions to meet and anticipate the future needs of our clients,” said Olaf Laber, Vice President Emerging Business at Intershop.
“The e-commerce market in Brazil is growing and with that it brings new challenges to retailers, resellers and clients. Support from two of the most advanced technological solutions providers, PayPal and Intershop, guarantees that all B2C and B2B processes are securely, efficiently and reliably executed, ensuring the best experience for you and your customer,” said Mario Mello, Head of PayPal for Latin America.
The partnership will address the needs of Brazilian companies that seek a transition to a world-class e-commerce platform, capable of integrating with existing legacy IT infrastructure, and bringing advanced payments, store management, mobile and cloud solutions.
PayPal is the faster, safer way to pay and get paid online, via a mobile device and in store. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With 132 million active accounts in 193 markets and 25 currencies around the world, PayPal enables global commerce, processing more than 7.7 million payments every day. Because PayPal helps people transact anytime, anywhere and in any way, the company is a driving force behind the growth of mobile commerce and expects to process $20 billion in mobile payments in 2013. PayPal is an eBay (Nasdaq: EBAY) company and contributed 40 percent of eBay Inc.'s revenues in 2012. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore. More information about the company can be found at www.paypal-media.com.
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.