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GXS (OpenText GXS) is a subsidiary of OpenText Corporation headquartered in Gaithersburg, Maryland, United States.[2] Its GXS Trading Grid managed more than twelve billion transactions[clarification needed] in 2011. Since 2004, GXS has invested more than $250 million in GXS Trading Grid. As of March 16, 2012, more than 550,000[3] businesses connect to GXS Trading Grid and, on average, more than 2,000 new businesses join each month.

OpenText GXS
Public (NASDAQOTEX; TSXOTC)
IndustryB2B e-Commerce
Data integration
Cloud Services Brokerage
HeadquartersGaithersburg, Maryland, U.S.
ProductsManaged services, professional services, B2B integration
RevenueIncrease US$ 480 million (2011)[1]
OwnerOpenText
Number of employees
Approximately 3,000
Websitewww.gxs.com

As of December 31, 2011, 58.5% of GXS revenues come from the U.S. and 41.5% of GXS revenues are earned outside 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.[4]

Contents

HistoryEdit

Mark IIIEdit

GXS was founded in 1967 as General Electric Information Services (GEIS). For the next 42 years, it offered remote timesharing on dozens of Honeywell 6000-series mainframes in clusters called Supercenters. The computers were accessed in ASCII text-mode on 300 and 1200 bps terminals using their large international Mark III network. They offered prepackaged business applications and a platform for software development in BASIC and Fortran. They billed by hours online, not compute resources used.

GEnieEdit

In the 1980s, GEIS began losing customers to the inexpensive PC, often networked on either an office LAN, a leased network, or the existing telephone system. GEIS responded by selling network connectivity, as opposed to selling compute power of the mainframes attached to it.

In October,1985, they introduced GEnie, an online community similar to CompuServe and AOL. But with the rise of the internet, their failure to provide email service until 1993, refusal by management to lease additional mainframes to support the service when it became popular, the extremely slow speed of the Mark III network, the lack of an internet portal, their decision not to develop a graphical user interface, and competition from ISPs, CompuServe, and AOL; GEnie ended on the last day of the millennium. Mark III service and GEIS itself soon followed.

GXSEdit

In 2000, GEIS was rebranded GXS (Global Exchange Services). In June 2002, GXS was acquired by venture capital firm Francisco Partners from General Electric (GE). It then operated as an independent firm, although GE retains a minority share in its investments.[5]

In 2011, GXS Trading Grid was named "SaaS Product of the Year" by Techworld.[6]

On November 5, 2013, OpenText announced its intention to acquire GXS [7]

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 partnershipsEdit

In 2003, GXS acquired Celarix, a supply-chain optimization software and services vendor, and in 2004 GXS acquired HAHT Commerce[8][9]

In 2005, GXS acquired the EDI and Business Exchange Services assets of IBM Corporation.[5]

In May 2006, Microsoft and GXS formed a partnership to integrate Microsoft technologies with the GXS Trading Grid.[10] 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.[11]

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.[12]

On 29 March 2011, GXS announced it had acquired RollStream - a Software as a Service (SaaS) company [13]

OperationsEdit

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.[14] The Trading Grid enables the real-time flow of information between businesses regardless of standards preferences, spoken language or geographic location.

ReferencesEdit

  1. ^ "Financial Tables". GXS Corporation Investor Relations. GXS. Archived from the original on 2012-03-23. Retrieved 2011-04-01.
  2. ^ "GXS, Inc. Gaithersburg, MD United States". Hoover's. Retrieved 2011-02-06.
  3. ^ "GXS website". Archived from the original on 2013-09-06.
  4. ^ "OpenText Buys GXS - OpenText". 2014-01-16. Retrieved 2018-03-09.
  5. ^ a b "Two IBM services units acquired by GXS owner". ComputerWorld. October 21, 2004. Retrieved 2011-02-06.
  6. ^ Techworld Award winners
  7. ^ "OpenText Enters Into Agreement to Acquire GXS" (PDF). OpenText. Retrieved 2013-11-06.
  8. ^ "GXS acquires logistics services vendor Celarix". InfoWorld. Retrieved 2011-02-06.
  9. ^ "Global eXchange Services Demonstrates Momentum in Data Synchronization". BusinessWire via Goliath. Retrieved 2011-02-06.
  10. ^ Microsoft and GXS Alliance
  11. ^ "GXS Acquires Data Quality Management Specialist UDEX". Supply and Demand Chain Management, a division of Cygnus Business Media. Retrieved 2011-02-06.[permanent dead link]
  12. ^ "GXS Completes Merger with Inovis". Archived from the original on 2012-04-03.
  13. ^ "GXS acquires RollStream". GXS. Archived from the original on 2011-07-26. Retrieved 2011-03-29.
  14. ^ "WebMethods And GXS Bring Together B-To-B Integration Software And Services". InformationWeek. November 8, 2004. Retrieved 2011-02-06.

External linksEdit