GXS and Inovis sign definitive merger agreement

Merger of GXS and Inovis would create the world's leading and most diversified B2B service provider, the companies say.


December 8, 2009, GXS and Inovis announced a definitive agreement under which GXS and Inovis will merge.

On December 8, 2009, GXS and Inovis announced a definitive agreement under which GXS and Inovis will merge.

GXS and Inovis, leading providers of business-to-business (B2B) e-commerce services and software solutions, announced they signed a definitive agreement to merge. 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, the companies said in the Dec. 8 announcement.

GXS is a leading B2B e-commerce services provider with a strong focus on helping customers optimize 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, GXS says. 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, Inovis says.

Inovis has approximately 16,000 customers from a range of industries including retail and consumer products, financial services, transportation/logistics and automotive. The combined company would create a leading global provider of B2B e-commerce services and gives the company an even greater global presence, they say.

"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."

Pending approval

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 without business interruption. The companies expect 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.... This merger is a big step forward in the evolution of the B2B e-commerce industry."

GXS was advised by Barclays Capital and J.P. Morgan on the transaction. Inovis was advised by Kirkland & Ellis and BofA Merrill Lynch on the transaction.

Founded in 1983, Inovis is based in Alpharetta, Georgia and has offices around the globe. Based in Gaithersburg, MD, GXS has an extensive global network and has local offices in the Americas, Europe and Asia-Pacific regions.

- Also read from MBT:

- Learning to track ROI ; and

- Integration standards: GXS joins high-tech council with IBM, Intel, Oracle, SAP, Microsof t.

- Edited by Mark T. Hoske, online products editor, Manufacturing Business Technology , MBT www.mbtmag.com

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me