GXS Signs Letter Agreement to Acquire G International
Acquisition Enhances GXSâ€™ Expertise and Capabilities in Key Industries and Expands Companyâ€™s Reach in Growth Regions Gaithersburg, Md. â€” January 24, 2005 – GXS Corporation, a leading provider of B2B e-commerce solutions, announced today that it has signed a letter agreement to acquire the parent company of G International from Francisco Partners. The acquisition is subject to certain conditions and is expected to close in the second quarter of 2005.
G International owns the Electronic Data Interchange (EDI) and Business Exchange Services (BES) businesses that were formerly owned by the IBM Corporation. Francisco Partners, GXSâ€™ majority shareholder, acquired G International from IBM on November 1, 2004. Todayâ€™s announcement is consitent with the intent expressed by Francisco Partners at the time it announced its agreement with IBM to acquire these businesses.
â€œOver the last few months, GXS and G International, as affiliated entities, have worked collaboratively to help customers enhance and expand their global B2B e-commerce capabilities,â€ said Gary Greenfield, president and CEO of GXS. â€œThis acquisition will allow GXS to not only broaden its global presence in key geographies, but also allow former IBM customers to access GXS Corporationâ€™s ever expanding portfolio of value-added B2B software and services.â€
This combination underscores GXSâ€™ ability to expand on the vision of its next-generation integration services platform â€“ GXS Trading Gridsm. Trading Grid is a feature-rich integration services infrastructure that connects global trading communities and enables a higher level of process integration and visibility. About Global eXchange Services GXS (Global eXchange Services) is a leading worldwide provider of B2B e-commerce solutions that simplify and enhance business process integration and collaboration. Organizations worldwide, including over half of the Fortune 500, leverage the GXS Trading GridSM to achieve the perfect balance of 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.
Caution Concerning Forward-Looking Statements This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act 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.