Corporate | 16 April 2010 08:25
Intershop Communications AG / Contract
16.04.2010 08:25
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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Jena, April 16th, 2010 - Intershop Communications AG has announced that it
has signed a strategic agreement with GSI Commerce, Inc. (NASDAQ: GSIC).
The U.S. company is among the world's largest providers of full service,
e-commerce and multi-channel solutions.
Intershop has granted GSI Commerce exclusive reseller rights for its
software products in the Americas and non-exclusive rights in other foreign
markets on a global scale.
Furthermore, as part of the multi-year agreement, Intershop is selling a
license of its Enfinity Suite software to GSI Commerce, which includes both
maintenance and services components, and allows GSI Commerce to incorporate
Intershop products into its e-commerce solutions. GSI Commerce offers its
clients on-demand SaaS software solutions. The expected volume of the
license and maintenance contract will be in the middle seven-digit Euro
range over the next 5 years.
'GSI Commerce is a global leader in e-commerce, commanding huge customer
potential and a strong sales force. This agreement marks a milestone for
Intershop, because it puts us in a position to leverage business in the US
market in a way which would have been impossible for us alone,' commented
Peter Mark Droste, member of the Intershop Management Board.
To underline the strategic importance of the agreement the Nasdaq listed
U.S. company has purchased a 10.5 percent equity stake in Intershop.
Furthermore, GSI will purchase approximately 560,000 newly-issued shares,
representing an additional 2.1 percent of Intershop's outstanding share
capital.
'Intershop has developed an excellent e-commerce software platform for
companies, which is a perfect complement to our product line. We are
certain that our strategic partnership offers both companies a considerable
added value and we look forward to distributing Intershop's software in the
Americas,' explained Michael G. Rubin, founder and CEO of GSI Commerce.
'We are excited about the cooperation with GSI and welcome them reinforcing
their commitment by becoming a shareholder of Intershop', added Intershop
Management Board Member Henry Göttler.
Jupiter Capital Partners, Munich, Germany, acted as financial advisor, and
Luther Rechtsanwaltsgesellschaft, Hamburg, Germany, acted as legal advisor
to Intershop Communications AG.
About Intershop Communications
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 as well
as comprehensive online marketing consulting. Intershop also acts as a
business process outsourcing provider, covering all aspects of online
retailing, including fulfillment. Around the globe more than 300 enterprise
customers, including HP, BMW, and Deutsche Telekom run Intershop solutions.
Intershop is headquartered in Jena, Germany, and has offices in the United
States and Europe.
More information: www.intershop.com
About GSI Commerce
GSI Commerce(R) is a leading provider of services that enable e-commerce,
multichannel retailing and interactive marketing for large,
business-to-consumer (b2c) enterprises in the U.S. and internationally. We
deliver customized solutions through an e-commerce platform, which is
comprised of technology, fulfillment and customer care and is available on
a modular basis or as part of an integrated, end-to-end solution. We offer
a full suite of interactive marketing services through two divisions,
TrueActionTM and e-Dialog. Additionally, we provide brands and retailers a
platform for online private sales through RueLaLa.com, and an online,
off-price marketplace, SmartBargains.com.
More information: www.gsicommerce.com
Intershop Contact:
Investor Relations
Stephan Leschke
t: +49-3641-50-1371
f: +49-3641-50-1309
ir@intershop.com
IR.on AG
Fabian Kirchmann
t: +49-172-246-9954
fabian.kirchmann@ir-on.com
GSI Contact:
Media
Kelly Henry
T: +41 610.491.7474
news@gsicommerce.com
Investors
Steve Somers, CFA
T: +41 610.491.7000
ir@gsicommerce.com
16.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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@intershop.de
Internet: www.intershop.de
ISIN: DE000A0EPUH1, DE000A0C4ZE3
WKN: A0EPUH, A0C4ZE
Indices: CDAX, PRIMEALL, TECHALLSHARE
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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