Mergers and Acquistions News
Categories: Software
December 8th 2009, 16:53PM
GXS and Inovis, both providers of business-to-business (B2B) ecommerce services and software solutions, have announced that they have signed a definitive agreement to merge.
Inovis, which has approximately 16,000 customers in the retail and consumer products, financial services and automotive industries, will combine with GXS to form a combined entity with an enhanced global presence.
It is hoped that the merger deal, which is expected to close in early 2010, will streamline customers' global B2B deployments, providing a comprehensive range of integration software and complementary platforms.
"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," commented Bob Segert, president and chief executive officer of GXS.
GXS was recently named as a leader in the Magic Quadrant for Integration Service Providers by research and advisory firm Gartner.
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