Intershop Communications AG : E-Commerce Market Drives Growth for Intershop in Europe

Press Release | 2012-01-04

• Key EMEA hires increase local presence in rapidly growing e-Commerce regions

Jena, Germany, January 4, 2011 - Intershop Communications, a leading e-commerce software and services provider, has opened offices across Europe and appointed senior directors and managers to support the Company's growth.

The appointment of Rob de Boer, Country Manager located in Amsterdam will see expanded presence for Intershop in the Benelux region. De Boer, previously working for Moduslink, brings with him a wealth of knowledge from the area of value chain management.

Robert Kornfeld will now serve as Country Manager located in Sweden to drive growth in the Nordics region. Kornfeld's recent experience working with CAG eCom, a provider of e-business and web based solutions, as well as his C-level positions at Yallotrade and Etheraction AB ensure he is best suited to support e-commerce customers in this region.

Birame Gueye, Country Manager will support the French, Spanish and Portuguese markets from out of France. With a strong history of supporting international expansion, Gueye will use his experience in successfully penetrating European markets to support Intershop's vision in these key territories.

Dr. Ludger Vogt, member at the board of management at Intershop said, "Our business has seen tremendous growth in the last few years. As a result, we recognised the need to increase our foothold in the EMEA region. With the appointments of these regional directors and managers as well as office expansion in the Netherlands, Sweden, France, UK and Italy, Intershop will be well placed to support our existing and future customers in these markets."

Intershop's growth in the first six months of 2011 saw a net increase of its revenues by 39% and its license revenue growth of 69%. The Company has invested heavily in sales and marketing in recent months, with the aim to strengthen and accelerate its future growth.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is a leading provider of comprehensive state-of-the-art e-commerce solutions. Intershop's Enfinity Suite 6 is high-performance packaged software for internet sales, complemented by all necessary services including comprehensive online marketing consulting and a transaction platform for order-, supplier-, product- and channel management from its daughter companies SoQuero and TheBakery. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing, including fulfillment. Around the globe more than 500 enterprise customers, including HP, BMW, Deutsche Telekom, and Mexx run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, and Australia.

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.