March 16, 2005, 12:00 AM

GlobalNetXchange reports first year of profitability

San Francisco-based GlobalNetXchange, an exchange and technology company for retailers and their supply chain manufacturers, reports its first year of profitability last year.

San Francisco-based GlobalNetXchange, an exchange and technology company for retailers and their supply chain manufacturers, reports its first year of profitability last year.

Founded in 2000 by eight of the world’s largest retailers, including Carrefour, Sears, Kroger, Sainsbury’s, PPR, Metro, Coles Myer and KarstadtQuelle, GNX began as the retail industry exchange and has evolved into a retail technology company. GNX serves more than 140 retailer and manufacturer customers with hosted sourcing, supply chain and product development solutions.

In 2004, GNX signed agreements with 25 new customers in North America, Europe and Asia to power their e-business initiatives. In addition, the company renewed or expanded agreements with a number of existing customers, including Sears, Carrefour, Metro Group, Kroger, Federated, Kmart, PPR Group, Coles Myer, Lexmark, Diageo, Sears Canada, Canadian Tire, Markant, Spar, Hornbach and Vinculum Japan.

GNX also report that in 2004:
• GNX completed the acquisition of QSA Limited, its technology partner for the ProductVine product development solution, expanding GNX’s software development capabilities;
• GNX launched the new GNX Sourcing platform, enabling customers to expand their use of the tool beyond auctions to streamline the entire merchandise and MRO sourcing process;
• GNX Negotiations and GNX Sourcing customers completed approximately $1 billion in transactions per month;
• GNX continued roll-out of its newest solution, GNX Supplier Performance Management, to more than 130 users globally, helping retailers share, track and report performance metrics for a large supplier base, with a collaborative platform to resolve problems;
• GNX hosted 70 live installations on its supply chain collaboration platform, enabling collaborative business processes between seven hubs and 63 trading partner spokes;

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