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ModusLink Awarded Intershop Platinum Partnership

Long-standing partner ModusLink, a wholly owned subsidiary of Steel Connect, Inc., that provides digital and physical supply chain solutions, was awarded Intershop´s Platinum partnership.

The award recognizes partnerships that demonstrate outstanding excellence and growth of joint projects and customers, including internationally renowned brands, such as Mondelez, Jacobs, Tassimo, Berghoff Worldwide, and Bugaboo, with dozens more international online shops. These projects underline how Intershop and ModusLink have hit a winning formula to enable brands to take a customer-centric approach to omnichannel retail, providing efficient integration for increasingly complex e-commerce landscapes, especially for established players with growth ambitions. A strong fundament of the cooperation represents the joint offering of an end-to-end, full-service SaaS solution powered by Intershop´s SaaS platform, deeply integrated into ModusLink´s logistics and warehousing services.

Axel Köhler, CSO of Intershop, comments: “Since the beginning of our partnership in 2006, ModusLink and Intershop have had a great track record of successfully helping customers. While from the start, the core of our partnership was about combining leading solutions of supply chain & logistics with powerful commerce solutions, the ever-changing markets and customer demands call for constantly developing new services and offerings. We are absolutely happy to see those resonate so well in the market. Therefore, we are delighted to award ModusLink for the achieved joint business success with the Platinum level, our highest level of partnership, and look forward to seeing it grow further.”

About ModusLink Corporation

Steel Connect, Inc. is a publicly-traded diversified holding company (Nasdaq Global Select Market symbol “STCN”) with two wholly-owned subsidiaries – ModusLink Corporation and IWCO Direct – that have market-leading positions in supply chain management and direct marketing.

ModusLink Corporation provides digital and physical supply chain solutions to many of the world’s leading brands across a diverse range of industries, including consumer electronics, telecommunications, computing and storage, software and content, consumer packaged goods, medical devices, retail and luxury and connected devices. With a global footprint spanning North America, Europe and the Asia Pacific, the Company’s solutions and services are designed to improve end-to-end supply chains in order to drive growth, lower costs, and improve profitability.

IWCO Direct is a leading provider of data-driven marketing solutions that help clients drive response across all marketing channels to create new and more loyal customers. It is the largest direct mail production provider in North America, with a full range of services including strategy, creative, and production for multichannel marketing campaigns, along with one of the industry’s most sophisticated postal logistics strategies for direct mail.

For details on ModusLink Corporation’s solutions visit www.moduslink.com, read the company’s blog for supply chain professionals, and follow on LinkedInTwitterFacebook, and YouTube.

For details on IWCO Direct visit www.iwco.com, read the company’s blog, “Speaking Direct,” or follow us on LinkedInTwitter, and Google+.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe, more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release 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.