Intershop Communications AG
| Company type | Public company |
|---|---|
| ISIN | DE000A0EPUH1 |
| Industry | E-Commerce, Computer Software, IT Services |
| Founded | 1992 (as "NetConsult") |
| Founder | Stephan Schambach, Karsten Schneider, Wilfried Beeck |
| Headquarters | , |
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) |
| Products | Intershop Commerce Suite |
| Services | Supplier Management, Fulfillment, Professional Services, Training, Support |
Number of employees | 380[1] |
| Website | http://www.intershop.com/ |
Intershop Communications AG is a public e-commerce company headquartered in Jena, Thuringia, Germany. Their clients include corporations such as HP, BMW, Würth, and Deutsche Telekom. Intershop operates in Europe, the United States of America, and the Asia-Pacific region.
Company history
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] That same year, they created "The first standard software for e-commerce applications."[3] marketed in the U.S. one year later [4] (see also Online shopping) and became one of the leading software developers for this early market.[5]
Intershop is one of the best examples of the "New Economy bubble" in Germany. The company value rose to $11 billion (US$) in 2000 and quickly fell to penny stock levels.[3] Low earning warnings by Intershop caused widespread losses for other tech companies; in one instance, SAP's stock fell by 8%. In 2001, an Intershop earnings warning spread through the sector, causing the Stock exchange segment Neuer Markt (NEMAX 50) to slump nearly 10%.[6] The company barely survived the crash but could keep operating and continue the development of products. About 30 spin-offs were founded, including Pixaco (later acquired by Hewlett-Packard), ePages, and Demandware (later acquired by Salesforce.com).[3]
References
- ^ http://www.intershop.com/investors-financial-reports?file=files/Intershop/media/downloads/en/investors/financial-reports/2015/2015-Annual-Report.pdf
- ^ "Overview from German History Docs". December 17, 2003. Retrieved April 14, 2012.
- ^ 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.
- ^ "Historical NetConsult Press Release". NetConsult. May 29, 1996. Archived from the original on March 5, 2016. Retrieved April 14, 2012.
- ^ "Early customer's press release". Dec 11, 1996. Archived from the original on March 5, 2016. Retrieved April 14, 2012.
- ^ "Guardian article on consequences of Intershop profit warning". The Guardian. January 3, 2001. Retrieved April 14, 2012.