- Latest investment
- Jul 18 2017
- No. of Startups
In the early 1990s, Stephan was among the first to recognize e-commerce as a major software market. He independently invented some of today's essential e-commerce industry standards and produced the first integrated e-commerce software package. In 2004, he invented the first cloud-based eCommerce service.
While still in his 20s, Stephan founded Intershop in 1992 and served as CEO until 2003. Intershop produced the first integrated eCommerce software package for major retail and consumer brands. During that time, he built the company into the market leader—ranked by Forrester Research as first among e-commerce platforms. Stephan brought the company public on the Frankfurt Stock Exchange's Neuer Market in 1998. And with continued success and adoption by major customers around the world, sales of over $100 million, and 1000 employees working in 17 offices, Stephan led Intershop to a successful NASDAQ listing in 2000. In 2004, Stephan founded Demandware, Inc in Boston. Demandware provides the leading on-demand eCommerce platform offering the industry's leading merchandising tools, total control for merchandisers & web developers, automated software upgrades and unlimited scalability & performance - as an on-demand service. The company services more than 500 high-growth brands such as Adidas, Procter & Gamble, Crocs, Puma, Hugo Boss, S.Oliver, Panasonic and is growing business significantly in the North America and Europe. Demandware went public on March 15 on NYSE (NYSE: DWRE), making it Schambach's 3rd public offering.
Prior to Intershop and Demandware and while studying Physics at Friedrich-Schiller University in Jena, Germany, Stephan was among the first to found a software company in East Germany after the Berlin Wall came down and entrepreneurship became possible. He has won numerous awards around the world for his technology and entrepreneurial leadership.
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