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Intershop Communications AG
Company typePublic company
ISINDE000A0EPUH1
IndustryE-Commerce, Computer Software, IT Services
Founded1992 (as "NetConsult")
FounderStephan Schambach, Karsten Schneider, Wilfried Beeck
Headquarters
Jena
,
Germany
Number of locations
15 (Germany: Jena, Hamburg, Ilmenau, Nuremberg, Stuttgart, USA: San Francisco, Australia: Melbourne, China: Hong Kong, Brazil: Rio de Janeiro, Bulgaria: Sofia, France: Paris, Italy: Milano, Netherlands: Amsterdam, Sweden: Göteborg, United Kingdom: London)
Area served
Worldwide
Key people
Board of Management: Markus Klahn (CEO), Supervisory Board: Christian Oecking (Chairman of the Supervisory Board), Ulrich Prädel (Vice Chairman of the Supervisory Board) Prof. Dr. Louis Velthuis (Member of the Supervisory Board)
ProductsIntershop Commerce Suite
ServicesSupplier Management, Fulfillment, Professional Services, Training, Support
Number of employees
380[1]
Websitehttp://www.intershop.com/

Intershop Communications AG is a public e-commerce company headquartered in Jena, in the state of Thuringia in Germany. Customers include large corporations such as HP, BMW, Würth, and Deutsche Telekom.[citation needed] Intershop is operated in Europe, the United States of America, and the Asia-Pacific region.[citation needed]

Company history

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Intershop was founded in 1992 as NetConsult by Stephan Schambach, Karsten Schneider, and Wilfried Beeck. In 1995, the company created the first German online store.[2] Also in 1995, they created "Intershop Online, the first standard software for e- commerce applications",[3] marketed in the U.S. one year later [4] (see also Online shopping) and continued to be one of the leading software developers for this early time of the market.[5]

Beyond that it is known as one of the prime German examples of the so-called "New Economy bubble" (company value rose to US$11 billion in 2000 only to fall to penny stock levels in very short time[3]). At one point, a profit warning by Intershop caused widespread losses for other tech companies; for example, even SAP's stock fell by 8%.[6] The company hardly survived the crash but was able to keep operating and to continue development of its products. In the process, about 30 spin-offs were founded, including Pixaco (later acquired by Hewlett-Packard), ePages and Demandware (later acquired by Salesforce.com).[3]

References

  1. ^ http://www.intershop.com/investors-financial-reports?file=files/Intershop/media/downloads/en/investors/financial-reports/2015/2015-Annual-Report.pdf[bare URL PDF]
  2. ^ "Overview from German History Docs". December 17, 2003. Retrieved April 14, 2012.
  3. ^ a b c Buenstorf, Guido; Fornahl, Dirk (2006). "B2C - bubble to cluster: the dot.com boom, spin-off entrepreneurship, and regional industry evolution" (PDF). Papers on Economics and Evolution. MPI für Ökonomik. Retrieved April 14, 2012.
  4. ^ "Historical NetConsult Press Release". NetConsult. May 29, 1996. Retrieved April 14, 2012.
  5. ^ "Early customer's press release". Dec 11, 1996. Retrieved April 14, 2012.
  6. ^ "Guardian article on consequences of Intershop profit warning". The Guardian. January 3, 2001. Retrieved April 14, 2012.
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