GXS Inc.

OpenText GXS
Public (NASDAQ: OTEX; TSX: OTC)
Industry B2B e-Commerce
Data integration
Cloud Services Brokerage
Headquarters Gaithersburg, Maryland, U.S.
Products Managed services, professional services, B2B integration
Revenue Increase US$ 480 million (2011)[1]
Owner OpenText
Number of employees
 Approximately 3,000
Website www.gxs.com

GXS (OpenText GXS) is a subsidiary of OpenText Corporation headquartered in Gaithersburg, Maryland, United States.[2] Its GXS Trading Grid managed more than twelve billion transactions in 2011. Since 2004, GXS has invested more than $250 million in GXS Trading Grid. As of March 16, 2012, more than 550,000[3] businesses connect to GXS Trading Grid and, on average, more than 2,000 new businesses join each month.

As of December 31, 2011, 58.5% of GXS revenues come from the U.S. and 41.5% of GXS revenues are earned outside the United States and are managed by regional headquarters in Hong Kong, London, São Paulo and Tokyo.

On November 5, 2013, OpenText Corporation in Waterloo, Canada, announced their acquisition of GXS.[4]

History

GXS was founded in 1967 as GE Information Services (GEIS). In 2000 it was rebranded GXS (Global Exchange Services). In June 2002, GXS was acquired by venture capital firm Francisco Partners from General Electric (GE). It then operated as an independent firm, although GE retains a minority share in its investments.[5]

In 2011, GXS Trading Grid was named "SaaS Product of the Year" by Techworld.[6]

On November 5, 2013, OpenText announced its intention to acquire GXS [7]

In January 2014, GXS was acquired by Canadian-based OpenText Corporation (NASDAQ: OTEX) (TSX: OTC) and adopted the name OpenText GXS.Press Release Announcing Acquisition

Acquisitions and partnerships

In 2003, GXS acquired Celarix, a supply-chain optimization software and services vendor, and in 2004 GXS acquired HAHT Commerce[8][9]

In 2005, GXS acquired the EDI and Business Exchange Services assets of IBM Corporation.[5]

In May 2006, Microsoft and GXS formed a partnership to integrate Microsoft technologies with the GXS Trading Grid.[10] Microsoft endorsed the GXS Trading Grid as its recommended network for Microsoft BizTalk Server. GXS and Microsoft were awarded the first Power of Partnership Award in June 2006 by START-IT magazine.

Also in 2006, GXS acquired product data quality service provider, UDEX.[11]

On June 4, 2007, Verizon announced that it will sell GXS Trading Grid services as Custom Supply Chain Managed Services and Invoice Automation Service.

In 2008, Accenture and GXS entered into a global partnership to support Accenture Supply Chain Services (ASCS) business. Through the agreement, Accenture offers GXS Trading Grid(r) services, such as Active Orders and Active Inventory Management to its manufacturing customer base.

On January 5, 2009, GXS announced its acquisition of Interchange, one of the leading e-commerce service providers in Brazil. GXS acquired Interchange from Banco Real, Citibank Brazil, EDS, an HP company, and Itaú Unibanco.

On June 3, 2010, GXS completes merger with Inovis, another business-to-business and e-commerce provider.[12]

On 29 March 2011, GXS announced it had acquired RollStream - a Software as a Service (SaaS) company [13]

Operations

GXS provides business-to-business integration and on-demand supply chain integration, synchronization and collaboration solutions over its cloud platform, GXS Trading Grid. In 2004 the company launched its GXS Trading Grid via a partnership with webMethods.[14] The Trading Grid enables the real-time flow of information between businesses regardless of standards preferences, spoken language or geographic location.

References

  1. ↑ "Financial Tables". GXS Corporation Investor Relations. GXS. Archived from the original on 2012-03-23. Retrieved 2011-04-01.
  2. ↑ "GXS, Inc. Gaithersburg, MD United States". Hoover's. Retrieved 2011-02-06.
  3. ↑ "GXS website". Archived from the original on 2013-09-06.
  4. ↑ "OpenText Buys GXS - OpenText". 2014-01-16. Retrieved 2018-03-09.
  5. 1 2 "Two IBM services units acquired by GXS owner". ComputerWorld. October 21, 2004. Retrieved 2011-02-06.
  6. ↑ Techworld Award winners
  7. ↑ "OpenText Enters Into Agreement to Acquire GXS" (PDF). OpenText. Retrieved 2013-11-06.
  8. ↑ "GXS acquires logistics services vendor Celarix". InfoWorld. Retrieved 2011-02-06.
  9. ↑ "Global eXchange Services Demonstrates Momentum in Data Synchronization". BusinessWire via Goliath. Retrieved 2011-02-06.
  10. ↑ Microsoft and GXS Alliance
  11. ↑ "GXS Acquires Data Quality Management Specialist UDEX". Supply and Demand Chain Management, a division of Cygnus Business Media. Retrieved 2011-02-06.
  12. ↑ "GXS Completes Merger with Inovis". Archived from the original on 2012-04-03.
  13. ↑ "GXS acquires RollStream". GXS. Archived from the original on 2011-07-26. Retrieved 2011-03-29.
  14. ↑ "WebMethods And GXS Bring Together B-To-B Integration Software And Services". InformationWeek. November 8, 2004. Retrieved 2011-02-06.
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