Sunbury, United Kingdom and Guildford, United Kingdom — December 8, 2009 — GXS™ and Inovis, leading providers of business-to-business (B2B) e-commerce services and software solutions, today announced that they have signed a definitive agreement to merge. Inovis brings with it approximately 16,000 customers from a range of industries including retail and consumer products, financial services, transportation/logistics and automotive. The combined company creates a leading global provider of B2B e-commerce services and gives the company an even greater global presence.
The merger of GXS and Inovis will further streamline customers’ global B2B deployments and provide them with a comprehensive range of B2B integration software and services-based solutions. GXS is a leading B2B e-commerce services provider with a strong focus on helping customers optimise their global supply chains through its software-as-a-service (SaaS) and software-based portfolio that includes B2B messaging services, supply chain visibility, product master data management and B2B Gateway software. Inovis is a leader among B2B Gateway software providers and has a strong portfolio of complementary software and services including managed file transfer, supply chain visibility, product catalog, B2B Gateway and multi-enterprise master data management software.
“Today’s merger announcement marks a turning-point in the B2B e-commerce industry,” said Bob Segert, president and CEO of GXS. “GXS sees strong potential for further growth in B2B managed services and B2B integration software. This demand must be met by a company with a diversified portfolio and global scalability. The combined company will bring together a leading provider of B2B services, GXS, and a leading provider of B2B software, Inovis, into one, giving customers an invaluable portfolio for all of their global B2B e-commerce needs. Over the next few months, we will be focused on supporting our customers, reviewing our broad portfolio and providing the most reliable and scalable B2B platform available.”
GXS and Inovis expect to close the merger in early 2010, subject to regulatory review. During the merger closing process, all services and solutions will continue to be supported and sold. The goal of any integration activity will be to provide customers with a well-informed, seamless, managed transition with no business interruption. The company’s goal is to give customers capable, reliable, high-performance solutions for all their B2B e-commerce needs.
“Both GXS and Inovis are industry pioneers with proven abilities to serve world-class customers,” said Sean Feeney, president and CEO of Inovis. “The complementary products of these two companies create significant value for customers that are seeking a single global provider for B2B e-commerce. Both companies share a passion for raising the bar on innovation and operational excellence and have the specific industry knowledge needed to help our customers achieve true, seamless integration with business partners located anywhere in the world. This merger is a big step forward in the evolution of the B2B e-commerce industry.”
GXS was advised by Barclays Capital and Citibank on the transaction. Inovis was advised by Kirkland & Ellis and BofA Merrill Lynch on the transaction.
Inovis offers software and services that enable companies to do business electronically across their entire trading community. Each day, over 16,000 companies across the globe rely on the Inovis platform to reliably send and receive purchase orders, synchronise data and manage exceptions in order to lower supply chain costs and get products to customers faster. Founded in 1983, the company is based in Alpharetta, Georgia and has offices around the globe.
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 more than 70 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 http://www.gxs.co.uk, http://blogs.gxs.com/ and http://twitter.com/gxs.
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