INTERSHOP Communications AG — M&A Activity 2010

Apr 15, 2010

News Details

Ad-hoc | 15 April 2010 22:59

Intershop Enters Into Strategic Alliance with GSI Commerce

Intershop Communications AG / Contract

15.04.2010 22:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Jena, April 15, 2010 -Intershop Communications AG has entered into a
strategic agreement with GSI Commerce, Inc. (NASDAQ: GSIC). As part of the
agreement, Intershop is selling a software license to GSI, which includes
both maintenance and services components, and allows GSI to incorporate
Intershop products into its on-demand/SaaS e-commerce offerings. Intershop
expects to generate revenues in the middle seven-digit Euro range over the
next 5 years based on the software license and maintenance contract.

Furthermore, Intershop has granted GSI exclusive reseller rights for its
software products in the Americas and non-exclusive rights on a global
basis. The U.S. company is among the world's largest providers of full
service, e-commerce and multi-channel solutions.

The agreement strengthens Intershop's license business and allows the
company to expand its presence in the key US market.

To underline the strategic importance of the agreement GSI 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.

Investor Relations:
Stephan Leschke
T: +49-3641-50-1371
F: +49-3641-50-1309
ir@intershop.com

15.04.2010 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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