DGAP-News: Intershop further expands strategic alliances
(firmenpresse) - DGAP-News: Intershop Communications AG / Key word(s): Miscellaneous
Intershop further expands strategic alliances
21.06.2011 / 08:47
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- eBay becomes new Intershop major shareholder
- E-commerce alliances provide strategic competitive advantage
- Future investments ensure accelerated growth
Jena, June 21, 2011 - Intershop Communications AG (ISIN: DE000A0EPUH1),
supplier of integrated e-commerce solutions, is further expanding its
network of strategic alliances and will be gaining a new major shareholder.
Upon expiry of the period of acceptance on June 17, 2011, the US group eBay
Inc. will hold the majority of shares in GSI Commerce Solutions, Inc.,
Intershop's cooperation partner and major shareholder up to now. This makes
eBay the largest individual shareholder of Intershop Communications AG. The
takeover opens up further growth opportunities for Intershop on account of
eBay being one of the leaders in the global e-commerce market.
'We are looking forward to welcoming eBay as a powerful new major
shareholder. Strategic alliances are extremely important for Intershop to
launch our leading technology platform more quickly in the market,
especially outside of Europe,' comments Dr. Ludger Vogt, Member of the
Board of Intershop. 'We aim to multiply the positive experiences with our
cooperation partner GSI by entering into further alliances and by doing so
drive our internationalization.'
Bob Swan, CFO of eBay Inc. says: 'The Intershop software and GSI on-demand
webstore platforms are provided for large and medium sized enterprise
retailers, combined with our latest acquisition of the Magento open source
commerce platform for small businesses, will enhance our position as the
leading strategic global commerce partner of choice for retailers and
brands of all sizes'
'Code sharing' as competitive advantage for all partners
Intershop views strategic alliances mainly as an opportunity for expanding
its technological leadership and for implementing product innovations more
quickly. 'Code sharing' within the partnership transforms joint product
developments into a competitive advantage for all partners. In this
Intershop model, innovation and IP rights are pooled in the latest
generation of e-commerce software. All partners and customers benefit from
these updates of the standard product.
'Intershop and GSI entered into a strategic partnership to provide a unique
sales platform for medium and large-sized global players, in form of a
license as well as a SaaS solution. This entirely fits eBay's strategic
orientation regarding global commerce,' says Henry Göttler, Member of the
Board of Management of Intershop.
Future investments and additional partnerships ensure accelerated growth
Intershop will continue on its profitable growth path and get prepared to
use additional market opportunities by targeting its recruitment measures.
These efforts will focus on research and development. At present,
Intershop's developers are working together with the partner GSI Commerce
on the new generation of Intershop software, which is to be launched this
year.
'We aim to grow even more quickly than before, particularly in the
non-European markets. To achieve this, we will enter into further
partnerships, which could be cemented in the form of shareholdings in
individual cases. We plan to prepare a basis for this by creating new
authorized capital at the next Shareholders' Meeting,' explains Ludwig
Lutter, CFO of Intershop.
Investor Relations Contact :
Stephan Leschke
Phone: +49.3641.50-1371 ir(at)intershop.com,
http://www.intershop.com/investor-relations.html
End of Corporate News
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21.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Intershop Communications AG
Intershop Tower
07740 Jena
Deutschland
Phone: +49 (0)3641-50-0
Fax: +49 (0)3641-50-1002
E-mail: ir(at)intershop.de
Internet: www.intershop.de
ISIN: DE000A0EPUH1, DE000A0C4ZE3
WKN: A0EPUH, A0C4ZE
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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129237 21.06.2011
Datum: 21.06.2011 - 08:47 Uhr
Sprache: Deutsch
News-ID 34437
Anzahl Zeichen: 0
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Kategorie:
Business News
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