GXS Expands Vertical and Geographic Reach Through Completed Merger with G International.GAITHERSBURG, Md. -- GXS GXS Global Exchange Services (GE) GXS Gun X Sword (anime) , a leading provider of business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) e-commerce solutions, today announced the completion of its merger with G International, Inc. G International was established by IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) to own and operate its Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. (EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. ) and Business Exchange Services (BES) businesses and was acquired from IBM by GXS' majority shareholder, Francisco Partners, in November 2004. At the time of the acquisition, Francisco Partners announced its intention to merge G International with GXS, thus strengthening GXS' position as a leader in B2B integration services. Operating as GXS, the combined company will process more than four billion business documents for nearly 40,000 customers, including more than 75 percent of the Fortune 500, across its global integration services platform. GXS will integrate its Trading Grid integration services platform and G International's Information Exchange value-added-network to provide trading communities with end-to-end visibility and improvements in performance and reliability. In addition, G International customers will have access to a much broader portfolio of B2B services and distribution partners, while new customers will enjoy the benefits of a single, global B2B network provider. By leveraging the GXS Trading Grid(SM) for B2B transactions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe and Asia-Pacific, customers will benefit from a single point of accountability, a global feature set and a consistent level of service. "With this merger, GXS has demonstrated an unparalleled commitment to fulfilling on the potential of tomorrow's global supply chains today," said Gary Greenfield, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GXS. "Our customers have challenged us to design and build a global, scalable integration platform that reduces the complexity of doing business with trading partners around the world in a cost-effective, efficient manner. By combining the proven infrastructure, innovative capabilities, and global footprint of GXS and G International, we have positioned ourselves to uniquely serve diverse trading communities with solutions that serve large and small businesses jointly and distinctly. Going forward, GXS will continue to grow its expertise and vertical industry knowledge, while delivering supply chain solutions that exceed customers' expectations." Through the merger, GXS gains deep expertise in the financial and insurance services industries, strong technical talent, significant presence in Brazil and Japan, and increased presence in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and the remainder of the Asia-Pacific region. GXS also gains an additional route to market with small-to-medium sized businesses (SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. ) through G International's strong existing channel relationships. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Eric Austvold of AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research, "This is a strong move for GXS, and should benefit customers of both organizations." Austvold went on say, "A broader network of companies sharing a common network will make it easier to on-board new trading partners, understand true customer demand, and improve perfect order fill rates--directly correlating to improved profit."(1) The closure of this merger expands the reach of GXS' next-generation integration services platform, Trading Grid(SM), a unique global platform that enables and streamlines cross-enterprise business processes. Unlike traditional VANs, the Trading Grid offers intelligence services such as business activity monitoring See BAM. , dynamic data validation, business process management, analytics and reporting. Trading Grid also offers hosted applications such as Product Information Management, Order Lifecycle Visibility and Logistics Visibility. In the United Kingdom (UK), the Competition Commission is in the process of completing an inquiry into Francisco Partners' acquisition of G International. The Competition Commission's recently released provisional findings would approve this transaction; however, until this inquiry is completed and the Competition Commission has issued its final determination (which is scheduled for no later than September 5, 2005), the businesses of GXS and G International will continue to be conducted separately in the UK. About GXS GXS (Global eXchange Services, Inc.) is a leading global provider of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. solutions that simplify and enhance business process integration and collaboration. Organizations worldwide, including more than 75 percent of the Fortune 500, leverage the GXS Trading Grid(SM) 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, synchronize product information, optimize 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 visit our Web site at www.gxs.com. (1) Eric Austvold, AMR Research, "Global eXchange Services Unites With IBM's EDI and Business Exchange Service" November 17, 2004 All products and services mentioned are trademarks of their respective companies. Caution Concerning Forward-Looking Statements This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. These factors include technological developments, customer demand, trading partner participation and network availability. The forward-looking statements speak only as of the date made, other than as required by law, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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