GXS was born in September 2002 when GE divested its Global eXchange Services division into an independent company. Since then we’ve been busy building the world’s leading B2B integration company. We’ve conducted six mergers and acquisitions, primarily of fast-growing companies in the software as a service (SaaS) market such as RollStream, Inovis and Celarix. We’ve introduced twenty new products and services, all built upon our cloud-based integration platform—GXS Trading Grid.
Today over 500,000 companies in more than 50 countries are using GXS Trading Grid to connect their supply chains and to financial markets. We process over 14 billion transactions per year representing trillions of dollars in electronic commerce.
For more details on our history see the timeline below.
Read a short narrative on the recent history of GXS and our “Blue Ocean Strategy” in the fast-growing B2B Managed Services market by Steve Keifer, GXS’s Vice President of Marketing.
- 2013—GXS Managed Services reaches $175M in revenues.
- 2012—Over 500,000 businesses are connected to GXS Trading Grid exchanging over 14 billion transactions per year.
- 2011—GXS acquires RollStream, a leading SaaS provider of enterprise community management services. GXS Trading Grid® Named Techworld’s “Software as a Service Product of the Year 2011”.
- 2010—GXS completes merger with Inovis, creating the world’s largest B2B cloud integration platform, with 40,000 customers and direct operations in 20 countries.
- 2009—GXS acquires Brazil-based EDI services company, Interchange Services, adding 50 of the country’s largest banks to GXS Trading Grid.
- 2008—GXS Managed Services continues rapid customer adoption and growth with 30 new customers and 25% revenue growth. Bob Segert joins GXS as its new President and CEO.
- 2007—GXS adds 32 new customers to GXS Managed Services, bringing its B2B outsourcing customer count to more than 200; GXS Managed Services revenue grows 40 percent from 2006 to 2007.
- 2006—GXS begins laser focus on B2B outsourcing, moving customers from basic EDI services to broader, global B2B enablement programs, called GXS Managed Services.
- 2005—GXS acquires IBM’s Information Exchange business, the company’s EDI services business.
- 2004—GXS launches GXS Trading Grid, its new cloud-based platform for B2B integration.
- 2002—GXS is spun out from GE as an independent company and purchased by venture capital firms Francisco Partners and Norwest Venture Partners; GE retains a 10% share in the company. GXS acquires Celarix, giving the company new supply chain visibility capabilities and services, both EDI and XML-based.