Intershop Communications
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Intershop Communications
Intershop Communications AG is a public e-commerce company headquartered in Jena, within the state of Thuringia in Germany. Customers include large corporations such as HP, BMW, Würth, and Deutsche Telekom. Intershop operates in Europe, the United States of America, and the Asia-Pacific region. 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. Also in 1995, they created "Intershop Online, the first standard software for e- commerce applications", marketed in the U.S. one year later (see also Online shopping) and continued to be one of the leading software developers for this early time of the market. 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). At one point, a profit warning by Intersh ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Online Shopping
Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. As of 2020, customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones. An online shop evokes the physical analogy of buying products or services at a regular "bricks-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping. A typical online store enables the customer to browse the ...
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Companies Based In San Francisco
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Salesforce
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development. Founded by former Oracle executive Marc Benioff, Salesforce quickly grew into one of the largest companies in the world, making its IPO in 2004. Salesforce's continued growth makes it into the first cloud computing company to reach US$1billion in annual revenue by fiscal year 2009, and the world's largest enterprise software firm by 2022. Today, Salesforce is one of the largest technology companies in the world, and as of September 19, 2022, is the 61st largest company in the world by market cap with a value of nearly US$153 billion. Salesforce ranked 136th on the most recent edition of the ''Fortune'' 500, making US$26.5billion in 2022. Since 2020, Salesforce has also been a component of the Dow ...
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Demandware
Demandware is a software technology company headquartered in Burlington, Massachusetts that provides a cloud-based unified e-commerce platform with mobile, AI personalization, order management capabilities, and related services for B2C and B2B retailers and brand manufacturers around the world. Founded in 2004, Demandware was acquired by Salesforce in 2016 for $2.8B. The company was subsequently renamed Salesforce Commerce Cloud. History Pre-IPO (2004–12) Demandware was founded in February 2004 by Stephan SchambachMike Ricciuti“Start-up targets e-commerce on demand,” CNET, October 6, 2004. to provide a hosted service that would enable companies to develop and manage easy-to-use, customizable e-commerce websites, rather than building a site from scratch. The service was launched in the first quarter of 2005. Schambach previously founded the early e-commerce company Intershop in 1992. Seed money for Demandware was provided by venture capital firms General Catalyst Partn ...
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EPages
ePages is an e-commerce solution that allows merchants to create and run online shops in the cloud. The number of shops based on ePages is currently 140,000 worldwide. ePages software is regularly updated due to its Software-as-a-Service model. An investor in the company is United Internet, with a 25% stake. ePages focuses upon distributing its products mainly through hosting providers, such as 1&1 Internet, Strato AG or Webfusion's brands Host Europe and 123-reg. Additional sales partners include logistics, telecoms, and yellow pages companies. The company collaborates with 80+ technology partners including online marketplaces, payment and logistics companies, and ERP vendors. ePages is headquartered in Hamburg, with additional offices in London, Barcelona, New York City and Jena. History The name ePages was used for the first time for software in 1997 to market "Intershop ePages". In 2002, the product line then called Intershop 4 was taken over by ePages GmbH and renamed to ...
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Hewlett-Packard
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses ( SMBs), and large enterprises, including customers in the government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'". The company won its first big contract in 1938 to provide test and measurement instruments for Walt Disney's production of the animated film ''Fantasia'', which allowed Hewlett and Packard to formally esta ...
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SAP AG
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separate substance, separately produced, and with different components and functions. Insect honeydew is called sap, particularly when it falls from trees, but is only the remains of eaten sap and other plant parts. Types of sap Saps may be broadly divided into two types: xylem sap and phloem sap. Xylem sap Xylem sap (pronounced ) consists primarily of a watery solution of hormones, mineral elements and other nutrients. Transport of sap in xylem is characterized by movement from the roots toward the leaves. Over the past century, there has been some controversy regarding the mechanism of xylem sap transport; today, most plant scientists agree that the cohesion-tension theory best explains this process, but multiforce theories that hy ...
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Penny Stock
Penny stocks are common shares of small public companies that trade for less than one dollar per share. The U.S. Securities and Exchange Commission (SEC) uses the term "Penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share. Penny stocks are priced over-the-counter, rather than on the trading floor.  The term "penny stock" refers to shares that, prior to the SEC's reclassification, traded for "pennies on the dollar". In 1934, when the United States government passed the Securities Exchange Act to regulate any and all transactions of securities between parties which are "not the original issuer", the SEC at the time disclosed that equity securities which trade for less than $5 per share could not be listed on any national stock exchange or index. Trade Over-the-counter exchanges that list penny stocks include the OTC Bulletin Board (which is a facility of FINRA) or OTC ...
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New Economy
The New Economy refers to the ongoing development of the American economic system. It evolved from the notions of the classical economy via the transition from a manufacturing-based economy to a service-based economy, and has been driven by new technology and innovations. This popular use of the term emerged during the dot-com bubble of the late 1990s, where high growth, low inflation, and high employment of this period led to optimistic predictions and flawed business plans. Origins A 1983 cover article in ''Time'', "The New Economy", described the transition from heavy industry to a new technology based economy. By 1997, ''Newsweek'' was referring to the "new economy" in many of its articles. After a nearly 25-year period of unprecedented growth, the United States experienced a much discussed economic slowdown beginning in 1972. However, around 1995, U.S. economic growth accelerated, driven by faster productivity growth. From 1972 to 1995, the growth rate of output per ho ...
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Deutsche Telekom
Deutsche Telekom AG (; short form often just Telekom, DTAG or DT; stylised as ·T·) is a German telecommunications company that is headquartered in Bonn and is the largest telecommunications provider in Europe by revenue. Deutsche Telekom was formed in 1995 when Deutsche Bundespost (at that time a monopoly under state ownership) was privatized. Since then, Deutsche Telekom has featured among Fortune 500 companies, with its latest ranking at number 62 (in 2022). The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. As of April 2020, the German government holds a 14.5% stake in company stock directly, and another 17.4% through the government bank KfW. The company is a component of the EURO STOXX 50 stock market index. History The Deutsche Bundespost was the federal German government postal administration created in 1947 as a successor to the Reichspost. It was also the major telephone company in West Germany. On 1 July 19 ...
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Stephan Schambach
Stephan Schambach (* in Erfurt) is a German entrepreneur and commerce pioneer having created the first standard software for online shopping in 1995 (Intershop). In addition to being the founder of Intershop Communications, Schambach also founded Demandware and NewStore. Early life Schambach grew up in East Germany, where he graduated from Polytechnic High School. After the fall of the Berlin Wall and the following monetary union, Schambach left his apprenticeship as a laboratory technician for physics and became a partner in the Hard & Soft Stanja KG in Jena. In 1992, he founded the NetConsult Computer Systeme GmbH. After the first in-house development "Archive 2000," the company presented the ecommerce software "Intershop Online." NetConsult secured venture capital funding to guarantee further development and active international marketing measures. Further financial rounds enabled robust growth for more than a few hundred employees worldwide. In 1996, Schambach establishe ...
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