GXS and Inovis sign definitive agreement to merge B2B businesses
1 min read
Business-to-business e-commerce services and software providers GXS and Inovis are merging – creating one of the world's biggest and most diversified B2B service providers.
It's an interesting development, indicative of the ongoing pressure on IT service providers, even at the sharp end of online supply chain management, where the opportunities for improvement among the big boys have been proven for years.
That said, the participants are putting a brave face on the deal: "Today's merger announcement marks a turning-point in the B2B e-commerce industry," says 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."
And much the same from Sean Feeney, president and CEO of Inovis: "The complementary products of these two companies create significant value for customers that are seeking a single global provider for B2B e-commerce… This merger is a big step forward in the evolution of the B2B e-commerce industry."
GXS and Inovis expect to close the merger in early 2010, and say that during the merger closing process, all services and solutions will continue to be supported and sold.
