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[clarification needed] in 2011. Since 2004, GXS has invested more than $250 million in GXS Trading Grid. As of March 16, 2012, more than 550,000 businesses connect to GXS Trading Grid and, on average, more than 2,000 new businesses join each month.
|Public (NASDAQ: OTEX; TSX: OTC)|
|Industry||B2B e-Commerce |
Cloud Services Brokerage
|Headquarters||Gaithersburg, Maryland, U.S.|
|Products||Managed services, professional services, B2B integration|
|Revenue||US$ 480 million (2011)|
Number of employees
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.
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.
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.
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.
In 2011, GXS Trading Grid was named "SaaS Product of the Year" by Techworld.
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 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 29 March 2011, GXS announced it had acquired RollStream - a Software as a Service (SaaS) company 
This article appears to contain a large number of buzzwords. (March 2015)
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.
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- Techworld Award winners
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- Microsoft and GXS Alliance
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