GAITHERSBURG, Md. and SÃO PAULO, Brazil— January 5, 2009—GXS, a leading provider of business-to-business (B2B) e-commerce solutions, today announced that it has acquired Interchange Serviços S.A (“Interchange”), one of Brazil’s largest, in-country providers of electronic data interchange (EDI) services, from current owners Banco Real, Citibank Brazil, EDS, an HP company, and Itaú Unibanco. The acquisition builds upon GXS’ current market presence in Brazil and accelerates the company’s growth plans for B2B managed services in Brazil. Interchange provides service to more than 450 customers in the financial services, retail and utilities industries, including 50 of the country’s largest banks.
In 2008, Interchange managed more than 77 million transactions on behalf of its customers. GXS plans to integrate Interchange’s EDI services with GXS Trading Grid®, to ensure customers’ ability to leverage its expansive global reach and portfolio of B2B managed services. Interchange also provides a complete solution of bank authorisation network services for financial services customers, including capturing, processing, authorising and managing payments collections through its CORBAN services platform.
“While GXS already provides B2B services to many Brazilian businesses, acquiring Interchange will expand our presence in Brazil and enable us to offer significant integration opportunities to global businesses seeking to expand their operations in Latin America,” said Bob Segert, president and CEO of GXS. “Furthermore, we see strong potential for further growth in B2B managed services in Brazil and are confident that Interchange’s experience and expertise will be of tremendous value as we seek to successfully deliver on that vision.”
With anticipated 5.8 percent economic growth expected in 20081, Brazil is expected to emerge as one of the world’s top 10 economies and is becoming an increasingly important geographic center for business and trade. As such, Brazilian businesses need supply chain infrastructure and technologies to support their growth. Additionally, businesses in North America, Europe and Asia are seeking to expand their sales and operations in Brazil and need greater integration with business partners in the region. Through the acquisition of Interchange, GXS not only builds upon its local customer base within Brazil, but also can better assist customers in their efforts to establish global trade.
In a recent report, AMR Research2 stated, “Latin America, particularly Brazil, is ripe for supply chain technology investment. In a market now dominated by SAP, the country has yet to adopt many of the newer collabourative models and supporting technologies that are taking hold in Europe and North America.”
GXS Trading Grid® is a global B2B e-commerce and integration platform that supports the creation and adoption of on-demand supply chain management solutions for companies of any size. As the world’s largest electronic business community, GXS Trading Grid is used by more than 30,000 customers to exchange goods and services, gain visibility into global logistics operations and to synchronise product data. Trading Grid helps customers automate global trading communities by shielding complexity from rapidly changing standards, eliminating manual and duplicative processes and enabling the highest levels of B2B integration and collabouration.
Interchange is a leader in the Brazilian market in management of online financial transactions and multichannel services. In business since 1991, Interchange brings with it a strong base of customers, including 50 of the country’s largest banks as well as multi-national retailers and manufacturers. Its strong electronic data interchange (EDI) business processes more than 77 million transactions per year on behalf of its customers. Interchange’s largest investors include three multi-national financial institutions – Banco Real, Citibank Brazil, Inc., Itaú Unibanco and EDS, an HP company.
GXS is a leading global provider of B2B e-commerce solutions that simplify and enhance business process integration and collabouration among trading partners. Organisations worldwide, including 75 percent of the Fortune 500, leverage the on-demand services on GXS Trading Grid® to extend supply chain networks, optimise product launches, automate warehouse receiving, manage electronic payments and gain supply chain visibility. GXS Managed Services, GXS’ B2B outsourcing solution, empowers customers with the expertise, technical infrastructure and program support to conduct B2B e-commerce with trading partners globally.
Based in Gaithersburg, Md., GXS has an extensive global network and has local offices in the Americas, Europe and Asia-Pacific regions. GXS can be found on the Web at www.gxs.co.uk.
1 AMR Research, “The State of Supply Chain Technology Adoption in Brazil,” August 2008.
2 AMR Research “The Supply Chain Management Market Sizing Report: 2007 to 2012,” November 2008.
All products and services mentioned are trademarks of their respective companies.
For further information please contact:
Denise Oakley, Director, Marketing Programmes International GXS
Tel – +44 (0) 1932 776408 / +44 (0) 7768 537 481 Email: firstname.lastname@example.org