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GXS EXPANDS VERTICAL AND GEOGRAPHIC REACH THROUGH COMPLETED MERGER WITH G INTERNATIONAL
01 August 2005 - Global Exchange Services (GXS)
| GXS, a leading provider of business-to-business e-commerce solutions, today announced the completion of its merger with G International, Inc. G International was established by IBM to own and operate its Electronic Data Interchange and Business Exchange Services businesses and was acquired from IBM by GXS' majority shareholder, Francisco Partners, in November 2004. At the time of the acquisition, Francisco Partners announced its intention to merge G International with GXS, thus strengthening GXS' position as a leader in B2B integration services. |
Operating as GXS, the combined company will process more than four billion business documents for nearly 40,000 customers, including more than 75 percent of the Fortune 500, across its global integration services platform. GXS will integrate its Trading Grid integration services platform and G International's Information Exchange value-added-network to provide trading communities with end-to-end visibility and improvements in performance and reliability. In addition, G International customers will have access to a much broader portfolio of B2B services and distribution partners, while new customers will enjoy the benefits of a single, global B2B network provider. By leveraging the GXS Trading GridSM for B2B transactions in North America, Latin America, Europe and Asia-Pacific, customers will benefit from a single point of accountability, a global feature set and a consistent level of service. 'With this merger, GXS has demonstrated an unparalleled commitment to fulfilling on the potential of tomorrow's global supply chains today,' said Gary Greenfield, president and CEO of GXS. 'Our customers have challenged us to design and build a global, scalable integration platform that reduces the complexity of doing business with trading partners around the world in a cost-effective, efficient manner. By combining the proven infrastructure, innovative capabilities, and global footprint of GXS and G International, we have positioned ourselves to uniquely serve diverse trading communities with solutions that serve large and small businesses jointly and distinctly. Going forward, GXS will continue to grow its expertise and vertical industry knowledge, while delivering supply chain solutions that exceed customers' expectations.' Through the merger, GXS gains deep expertise in the financial and insurance services industries, strong technical talent, significant presence in Brazil and Japan, and increased presence in the United States, Europe and the remainder of the Asia-Pacific region. GXS also gains an additional route to market with small-to-medium sized businesses through G International's strong existing channel relationships. According to Eric Austvold of AMR Research, 'This is a strong move for GXS, and should benefit customers of both organizations.' Austvold went on say, 'A broader network of companies sharing a common network will make it easier to on-board new trading partners, understand true customer demand, and improve perfect order fill rates, directly correlating to improved profit.'1 The closure of this merger expands the reach of GXS' next-generation integration services platform, Trading GridSM, a unique global platform that enables and streamlines cross-enterprise business processes. Unlike traditional VANs, the Trading Grid offers intelligence services such as business activity monitoring, dynamic data validation, business process management, analytics and reporting. Trading Grid also offers hosted applications such as Product Information Management, Order Lifecycle Visibility and Logistics Visibility. In the United Kingdom (UK), the Competition Commission is in the process of completing an inquiry into Francisco Partners' acquisition of G International. The Competition Commission's recently released provisional findings would approve this transaction; however, until this inquiry is completed and the Competition Commission has issued its final determination (which is scheduled for no later than September 5, 2005), the businesses of GXS and G International will continue to be conducted separately in the UK.
http://www.gxs.xom
About: Global Exchange Services (GXS)
Global eXchange Services (GXS) is a provider of B2B e-commerce solutions that simplify and enhance business process integration and collaboration. Organisations employ the Global eXchange Services Trading Grid to balance supply and demand. |
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