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INTERSHOP COMMUNICATIONS AKTIENGESELLSCHAFT

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PR 12nd Oct 2021, 10:15 CEST Intershop further expands in North America by entering a strategic partnership with CSS Commerce Read more

10/21/2021 | 02:14am EST

Chicago, October 12, 2021

Intershop Communications, Inc., the leading B2B commerce platform for manufacturing and distributing companies, is delighted to announce a new, strategic partnership in North America with CSS Commerce, a specialist on effective commerce implementations for midsize to enterprise businesses. With manufacturers and distributors rapidly maturing their online sales capabilities, Intershop and CSS Commerce team up to simplify product data management. The newly concluded partnership fits perfectly into Intershop's growth strategy in the North American market, where the company has already recorded a strong revenue increase of 35% in the first half of 2021.

This partnership will be of particular interest to those companies who want to realize e-commerce on the basis of a leading, headless commerce platform but face challenges with unstructured product data. Thus, working with Intershop and CSS will enable manufacturers and distributors to provide the organized, accurate and timely product data that drives successful omnichannel B2B commerce experiences.

In today's industrial business world, digitalization is in full swing and manufacturers and distributors strive to deliver exceptional digital experiences across a multitude of touchpoints. CSS Commerce's ability to implement the Intershop platform paired with special knowledge around data organization, data management, taxonomy and the optimization of Intershop's powerful built-in search capabilities, paves the way for manufacturers and distributors to eliminate data bottlenecks, go-live faster while increasing platform adoption and conversion.

"Partnering with Intershop was a no-brainer because of the maturity and depth of capability of their platform including a complete set of features for the B2B enterprise", said Rob Neumann, Chief Digital Officer at CSS Commerce. "It comprehends far more of the complete needs for enterprise sales than any other system on the market. Our data syndication services guarantee that all product information is properly categorized and prepared for e-commerce success", Neumann added.

Andy Stanis, Managing Director Intershop concludes: "B2B buyers and sourcing professionals rely on comprehensive, digitalized product data to do their job which makes accurate visibility into products and inventory across channels--in real-time--the need of the hour. Our newest Platinum Partner, CSS Commerce, is an expert in the field of software implementation and data management and will enable our clients to realize unique commerce experiences with the Intershop Platform. By offering our clients even more comprehensive solutions, the partnership will contribute to our success story in the North American market. We look forward to working with the CSS Commerce team to unlock the opportunities B2B companies are offered when starting their e-commerce journey".

More information on the partnership can be found here https://www.intershop.com/en/partner/css-commerce .

About CSS Commerce
CSS Commerce LLC is a leading, global innovator building complex e-commerce software with Product Information Management/Digital Asset Management/Master Data Management solutions. From Omni Channel to D2C, from Supply chain to B2B shopping solutions, CSS are specialists in providing the expertise on effective commerce for the midsize to the enterprise. In addition, we provide incredibly productive solutions around Web2Print and PWA. Our strategic partnerships complete our offerings with business process automation, AI, RPA, Quality management and supply chain software.

Disclaimer

Intershop Communications AG published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 06:13:01 UTC.


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Financials
Sales 2021 35,2 M 40,0 M 40,0 M
Net income 2021 1,20 M 1,36 M 1,36 M
Net cash 2021 10,7 M 12,2 M 12,2 M
P/E ratio 2021 60,0x
Yield 2021 -
Capitalization 68,1 M 76,8 M 77,4 M
EV / Sales 2021 1,63x
EV / Sales 2022 1,44x
Nbr of Employees 290
Free-Float 100%
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INTERSHOP Communications Aktiengesellschaft Technical Analysis Chart | ISHA | DE000A254211 | MarketScreener
Technical analysis trends INTERSHOP COMMUNICATIONS AKTIENGESELLSCHAFT
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 4,80 €
Average target price 5,95 €
Spread / Average Target 24,0%
EPS Revisions
Managers and Directors
Jochen Wiechen Chief Executive Officer
Christian Oecking Chairman-Supervisory Board
Markus Klahn Chief Operating Officer
Louis Velthuis Member-Supervisory Board
Ulrich Praedel Vice Chairman-Supervisory Board
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