Sunbury, United Kingdom — January 25, 2005 — GXS Corporation, a leading provider of B2B e-commerce solutions, announced today that it has signed a letter agreement to acquire the parent company of G International from Francisco Partners. The acquisition is subject to certain conditions and is expected to close in the second quarter of 2005.
G International owns the Electronic Data Interchange (EDI) and Business Exchange Services (BES) businesses that were formerly owned by the IBM Corporation. Francisco Partners, GXS’ majority shareholder, acquired G International from IBM on November 1, 2004. Today’s announcement is consistent with the intent expressed by Francisco Partners at the time it announced its agreement with IBM to acquire these businesses.
“Over the last few months, GXS and G International, as affiliated entities, have worked collabouratively to help customers enhance and expand their global B2B e-commerce capabilities,” said Gary Greenfield, president and CEO of GXS. “This acquisition will allow GXS to not only broaden its global presence in key geographies, but also allow former IBM customers to access GXS Corporation’s ever expanding portfolio of value-added B2B software and services.”
Through a multi-year strategic outsourcing agreement between G International and IBM, G International customers will not experience changes in service quality, network or infrastructure. G International customers will continue to access the same IBM network and infrastructure utilised prior to the merger.
This combination underscores GXS’ ability to expand on the vision of its next-generation integration services platform – GXS Trading Grid.
About GXS Trading Grid
GXS Trading Grid® is a globally-accessible, real-time platform for business process networking. Trading Grid helps customers automate global trading communities by shielding complexity from rapidly-changing standards, eliminating manual and duplicative efforts, and enabling a new level of process integration and business intelligence. Through direct integration with GXS’ Trading Grid, both large and small customers can extend existing ERP investments and cost-effectively achieve new levels of collabouration and business success. For more information on Trading Grid, visit: www.gxs.com/TradingGrid.
GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration and collabouration. Organisations worldwide, including more than 75 percent of the Fortune 500, leverage GXS Trading Grid® to achieve balance between supply and demand. Active in the global standards arena, GXS solutions enable customers both large and small, to connect with global partners, synchronise product information, optimise inventory levels and demand forecasts, and accelerate the execution of supply chains.
Headquartered in Gaithersburg, Md., GXS provides sales and support to businesses and their partners worldwide. For more information about GXS visit www.gxs.co.uk.