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Intershop extends and intensifies cloud partnership with Microsoft

·3-min read

DGAP-News: Intershop Communications AG / Key word(s): Miscellaneous
08.07.2021 / 12:30
The issuer is solely responsible for the content of this announcement.

- Strategic cooperation extended by three years ahead of schedule

- Improved terms have a positive impact on Intershop's cloud margin

- Easier access to innovative technologies for customers, delivered in the Azure Cloud

- Increased visibility of Intershop's cloud solution and accelerated go-to-market

Jena, 08 July 2021 - Intershop Communications AG has extended its strategic partnership with the US corporation Microsoft for another three years at improved conditions to accelerate the digital transformation of manufacturing and wholesale companies (B2B sector). The cooperation enables customers to seamlessly integrate Intershop's highly scalable omnichannel commerce platform with the flexible Microsoft Azure Cloud and the solutions integrated therein, such as the innovative enterprise resource planning (ERP) software Microsoft Dynamics 365. The partnership, which has already existed since 2016, was extended ahead of schedule, as Intershop now uses considerably more services from Microsoft due to its growth in recent months.

Markus Klahn, CEO of Intershop Communications AG: "We are currently growing faster than the market in the cloud. With this agreement, we are ensuring medium-term reliability for both sides and making it easier for us and our customers to access cutting-edge technologies from Microsoft's development labs. The renegotiated conditions are also a building block for further optimizing our cloud margin. We want to leverage these savings to increase our own investments in technology.

The partnership with Microsoft offers, among other things, access to security software, state-of-the-art solutions using artificial intelligence (AI) and also allows, for example, integration with Microsoft Teams. In addition, the agreement serves to increase Intershop's international visibility and accelerate the go-to-market through mutual support of the sales units and joint generation and processing of customer leads.

Since the beginning of the strategic partnership between Intershop and Microsoft, numerous well-known customers have placed their trust in the joint solutions of the two technology leaders, including AtlasCopco, BMW, Brita, Miele, Trumpf, TÜV Süd, and the Zeiss Group.


About Intershop

Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world's leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With more than 25 years' experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.
Intershop is built to boost your business. Learn more at www.intershop.com.

This news contains 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, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Intershop press contact:

phone: +49.3641.50-1000, pr@intershop.de, www.intershop.com/newsroom


08.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Intershop Communications AG

Steinweg 10

07743 Jena

Germany

Phone:

+49 (0)3641-50-0

Fax:

+49 (0)3641-50-1309

E-mail:

ir@intershop.de

Internet:

www.intershop.de

ISIN:

DE000A254211

WKN:

A25421

Indices:

CDAX, PRIMEALL, TECHALLSHARE

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1216792


 

End of News

DGAP News Service

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