News Roundup: Intershop Sees 1999 Profits, Heads to New York

Ranked among the top three e-commerce software firms in Europe, German-based Intershop Communications announced a 98 percent sales growth in Q1 1999, in comparison with the same period last year. The company also predicted that it will see rising profit for the remainder of the year. While U.S. market leadership has, thus far, eluded Intershop, the company has made significant inroads with large U.S. ISPs and Web hosting services like MindSpring , Concentric and PSINet.

In related news, Intershop announced the opening of an East Coast office in suburban Melville, New York, after acquiring a local e-commerce integrator, Fountainhead Management. According to the company, the new office will be focused on delivering e-commerce software solutions for the mid-tier enterprise market.

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