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GXS: GXS Acquires Interchange Serviços S.A., One of Brazil's Largest In-Country Providers of EDI Services
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:05012009
GXS, a leading provider of business-to-business (B2B) e-commerce
solutions, today announced that it has acquired Interchange Serviços
S.A ("Interchange"), one of Brazil's largest, in-country providers of
electronic data interchange (EDI) services, from current owners Banco
Real, Citibank Brazil, EDS, an HP company, and Itaú Unibanco. The
acquisition builds upon GXS' current market presence in Brazil and
accelerates the company's growth plans for B2B managed services in
Brazil. Interchange provides service to more than 450 customers in the
financial services, retail and utilities industries, including 50 of
the country's largest banks.
In 2008, Interchange managed more than 77 million transactions on
behalf of its customers. GXS plans to integrate Interchange's EDI
services with GXS Trading Grid , to ensure customers' ability to
leverage its expansive global reach and portfolio of B2B managed
services.
Interchange also provides a complete solution of bank authorization
network services for financial services customers, including capturing,
processing, authorizing and managing payments collections through its
CORBAN services platform.
"While GXS already provides B2B services to many Brazilian businesses,
acquiring Interchange will expand our presence in Brazil and enable us
to offer significant integration opportunities to global businesses
seeking to expand their operations in Latin America," said Bob Segert,
president and CEO of GXS. "Furthermore, we see strong potential for
further growth in B2B managed services in Brazil and are confident that
Interchange's experience and expertise will be of tremendous value as
we seek to successfully deliver on that vision."
With anticipated 5.8 percent economic growth expected in 2008, Brazil
is expected to emerge as one of the world's top 10 economies and is
becoming an increasingly important geographic center for business and
trade. As such, Brazilian businesses need supply chain infrastructure
and technologies to support their growth.
Additionally, businesses in North America, Europe and Asia are seeking
to expand their sales and operations in Brazil and need greater
integration with business partners in the region. Through the
acquisition of Interchange, GXS not only builds upon its local customer
base within Brazil, but also can better assist customers in their
efforts to establish global trade.
In a recent report, AMR Research stated, "Latin America, particularly
Brazil, is ripe for supply chain technology investment. In a market now
dominated by SAP, the country has yet to adopt many of the newer
collaborative models and supporting technologies that are taking hold
in Europe and North America."
GXS Trading Grid is a global B2B e-commerce and integration platform
that supports the creation and adoption of on- demand supply chain
management solutions for companies of any size. As the world's largest
electronic business community, GXS Trading Grid is used by more than
30,000 customers to exchange goods and services, gain visibility into
global logistics operations and to synchronize product data. Trading
Grid helps customers automate global trading communities by shielding
complexity from rapidly changing standards, eliminating manual and
duplicative processes and enabling the highest levels of B2B
integration and collaboration.
About Interchange
Interchange is a leader in the Brazilian market in management of online
financial transactions and multichannel services. In business since
1991, Interchange brings with it a strong base of customers, including
50 of the country's largest banks as well as multi-national retailers
and manufacturers. Its strong electronic data interchange (EDI)
business processes more than 77 million transactions per year on behalf
of its customers. Interchange's largest investors include three
multi-national financial institutions - Banco Real, Citigroup, Inc.,
Itaú Unibanco and EDS, an HP company.
About GXS
GXS is a leading global provider of B2B e-commerce solutions that
simplify and enhance business process integration and collaboration
among trading partners. Organizations worldwide, including more than 70
percent of the Fortune 500,leverage the on-demand services on GXS
Trading Grid to extend supply chain networks, optimize product
launches, automate warehouse receiving, manage electronic payments and
gain supply chain visibility. GXS Managed Services, GXS' B2B
outsourcing solution, empowers customers with the expertise, technical
infrastructure and program support to conduct B2B e-commerce with
trading partners globally.
Based in Gaithersburg, Md., GXS has an extensive global network and has
local offices in the Americas, Europe and Asia-Pacific regions. GXS can
be found on the Web at www.gxs.com. Additional information regarding
GXS Brazil can be found at www.gxs.com/br or
www.interchange.com.br/gxsbrasil.
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
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Copyright ? 2009 M2 Communications Ltd.
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