December 8, 2009, 12:00 AM

Supply chain specialists GXS and Inovis announce a merger

Each with a large presence among retailers and consumer products manufacturers, GXS and Inovis plan to combine their complementary offerings designed to help retailers and their trading partners share information and conduct online commerce.

 

Each with a large presence among retailers and consumer products manufacturers, GXS Inc. and Inovis Inc. plan to combine their complementary offerings designed to help retailers and their trading partners share information and conduct online commerce. Terms were not disclosed.

The merger, which is subject to regulatory review and expected to close early next year, would bring together two companies with long histories in serving business-to-business operations, including synchronizing product data, transmitting electronic purchase orders and invoices, and providing supply chain visibility.

Among GXS’ offerings is its Internet-based GXS Trading Grid, a B2B e-commerce platform or portal through which retailers and their suppliers can conduct business using GXS’ hosted software applications.

Clients of GXS include J.C. Penney Co. Inc. and Best Buy Co. Inc. Inovis counts among its clients several major apparel and accessories retailers.

GXS has been advised in the merger agreement by Barclays Capital and J.P. Morgan. Inovis was advised by Kirkland & Ellis and Bank of America Merrill Lynch.

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