Intershop Communications AG
| Company type | Public |
|---|---|
| ISIN | DE000A0EPUH1 |
| Industry | E-Commerce, Enterprise Software |
| Founded | 1992 (as "NetConsult") |
| Founder | Stephan Schambach, Karsten Schneider, Wilfried Beeck |
| Headquarters | , |
Number of locations | 10 (Germany: Jena, Ilmenau, Stuttgart, Frankfurt am Main, USA: Chicago, San Francisco, Australia: Melbourne, Bulgaria: Sofia, France: Paris, Sweden: Stockholm) |
Area served | Worldwide |
Key people | Board of Management: Markus Dränert (CEO), Petra Stappenbeck (CFO), Supervisory Board: Frank Fischer (Chairman of the Supervisory Board), Günter Hagspiel (Vice Chairman of the Supervisory Board), Hans-Jürgen Rieder (Member of the Supervisory Board), Matthias Breuckmann (Member of the Supervisory Board). |
| Services | Implementation and integration, cloud operations/hosting, managed services, consulting and professional services, training and enablement, technical support and maintenance |
| Website | https://www.intershop.com/en/ |
Intershop Communications AG is a public e-commerce company headquartered in Jena, Thuringia, Germany. 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.[1] That same year, they created "The first standard software for e-commerce applications."[2] marketed in the U.S. one year later [3] (see also Online shopping) and became one of the leading software developers for this early market.[4]
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.[2] Low earning warnings by Intershop caused widespread losses for other tech companies; in one instance, SAP's publicly listed shares 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%.[5] 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).[2]
References
- ^ "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.