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This article is about the e-commerce company. For the former East German retail stores, see Intershop.

Intershop Communications AG is a public e-commerce company headquartered in Jena, in the state of Thuringia in Germany. Customers include large corporations such as HP, BMW, Würth, and Deutsche Telekom.[citation needed] Intershop is operated in Europe, the United States of America, and the Asia-Pacific region.[citation needed]

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.[2] Also in 1995, 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 continued to be one of the leading software developers for this early time of the market.[5]

Beyond that it is known as one of the prime German examples of the so-called "New Economy bubble" (company value rose to US$11 billion in 2000 only to fall to penny stock levels in very short time[3]). At one point, a profit warning by Intershop caused widespread losses for other tech companies; for example, even SAP's stock fell by 8%.[6] The company hardly survived the crash but was able to keep operating and to continue development of its products. In the process, about 30 spin-offs were founded, including Pixaco (later acquired by Hewlett-Packard), ePages and Demandware (later acquired by Salesforce.com).[3]

References

  1. ^ http://www.intershop.com/investors-financial-reports?file=files/Intershop/media/downloads/en/investors/financial-reports/2015/2015-Annual-Report.pdf [bare URL PDF]
  2. ^ "Overview from German History Docs". December 17, 2003. Retrieved April 14, 2012.
  3. ^ 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.
  4. ^ "Historical NetConsult Press Release". NetConsult. May 29, 1996. Retrieved April 14, 2012.
  5. ^ "Early customer's press release". Dec 11, 1996. Retrieved April 14, 2012.
  6. ^ "Guardian article on consequences of Intershop profit warning". The Guardian. January 3, 2001. Retrieved April 14, 2012.
source: https://en.wikipedia.org/wiki/Intershop_Communications