GXS (OpenText GXS) is a subsidiary of OpenText Corporation headquartered in Gaithersburg, Maryland, United States. 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 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 of 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.
History
In June 2002, GXS was acquired by venture capital firm Francisco Partners from General Electric Company (GE). It then operated as an independent firm, although GE retains a minority share in its investments.
In 2011, GXS Trading Grid was named "SaaS Product of the Year" by Techworld.
On November 5, 2013, OpenText announced its intention to acquire GXS
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
In 2005, GXS acquired the EDI and Business Exchange Services assets of IBM Corporation.
In May 2006, Microsoft and GXS formed a partnership to integrate Microsoft technologies with the GXS Trading Grid. 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.
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.
On 29 March 2011, GXS announced it had acquired RollStream - a Software as a Service (SaaS) company
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. The Trading Grid enables the real-time flow of information between businesses regardless of standards preferences, spoken language or geographic location.
References
External links
- Official website
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