JENA/SAN FRANCISCO, February 21, 2002-Intershop Communications, (NASDAQ: ISHP, Neuer Markt: ISH), the established provider of commerce platforms for global business, announced that Otto Versand, the world’s largest mail order company, has adopted Intershop Communications’ flagship e-commerce platform, Enfinity, for their e-commerce site, www.otto.de. The successful deployment of Enfinity on several of Otto Group’s subsidiaries, including Otto Supermarket Service, Discount24, Actebis, Sheego, Mytoys and Sport-Scheck, convinced Otto Group to standardize on Enfinity. Otto Versand’s decision to build their e-business solution using Intershop’s Enfinity strengthens the relationship between the world’s largest mail-order operator and Intershop, and further advances Enfinity’s leadership in the European retail market sector.
Generating online revenues of nearly 1.1 billion Euro in 2000, Otto Versand is the world’s second largest business-to-consumer (B2C) online retailer, second only to Amazon. Otto Versand’s website, www.otto.de, offers more than 100,000 products including clothing, accessories, housewares, and electrical goods, and registers more than 3,000,000 visits monthly. Since the Otto Versand corporate site built on Intershop Enfinity went live, the company has seen the number of online orders double.
Otto Group has benefited from the power of the Intershop Enfinity platform that has delivered impressive functionality and high performance to some of their top selling sites. We look forward to helping Otto standardize on the Intershop Enfinity e-commerce platform, said Stephan Schambach, CEO of Intershop. Otto Versand joins several leading European retail organizations that have selected Intershop’s Enfinity e-commerce platform, including top European retail brands such as Bertelsmann, Quelle, PLUS, and Deichmann.
About Intershop
Intershop Communications Inc, (NASDAQ: ISHP; Neuer Markt: ISH) is a leading provider of e-business solutions for global enterprises. The Intershop Enfinity e-commerce platform, combined with proven, flexible industry and cross-industry solutions, enables companies to optimize their business relationships, improve business efficiencies, and cut costs to increase profit margins. Intershop’s industry-specific and cross-industry solutions are developed from its extensive experience with executing successful customer projects, as well as established partnerships with leading consulting companies. Intershop’s solutions combine e-commerce functionality with flexibility, facilitating a low total cost of ownership. Intershop has over 2000 customers worldwide in retail, manufacturing, media, telecommunications and financial services. Customers including Bertelsmann, Motorola, Swarovski, Otto and BOSCH have selected Intershop’s Enfinity as the foundation for their global e-commerce strategy.
This press release may contain 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, consumer trends, the level of competition, seasonality, the timing and success of international expansion efforts, risks related to electronic security, possible governmental regulation, and the ability to manage a rapidly growing business. Additional information regarding factors that potentially could affect Intershop’s business, financial condition and operating results is included in Intershop`s filings with the Securities and Exchange Commission, including in the company’s Form 20-F dated July 2, 2001.
2001 Intershop Communications. All rights reserved. All trademarks are the property of their respective owners.
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