Intershop Communications AG
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| Company type | Public company |
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| 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.[citation needed] Intershop operates in Europe, the United States of America, and the Asia-Pacific region.[citation needed]
Company history
[edit] | This section may require cleanup to meet Wikipedia's quality standards. The specific problem is: grammar issues. (March 2022) |
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
[edit]- ^ http://www.intershop.com/investors-financial-reports?file=files/Intershop/media/downloads/en/investors/financial-reports/2015/2015-Annual-Report.pdf [bare URL 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. Retrieved April 14, 2012.
- ^ "Early customer's press release". Dec 11, 1996. Retrieved April 14, 2012.
- ^ "Guardian article on consequences of Intershop profit warning". The Guardian. January 3, 2001. Retrieved April 14, 2012.
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