Global eXchange Services Acquires Logistics Integration Leader, Celarix
Deal Underscores Company’s Long Term Commitment to Providing Value-added Solutions to the GXS Transaction Delivery Network
Gaithersburg, MD -- 06/04/2003 -- Global eXchange Services, Inc. (GXS) today announced the acquisition of the business of Celarix, Inc., a privately held company headquartered in Cambridge, MA. Terms of the transaction were not disclosed.
Celarix’s logistics provider integration and data quality management service help Global 2000 organizations to quickly connect to logistics trading partners and retrieve, use and share timely and accurate shipment status information throughout the supply chain. The Celarix solutions are immediately available for sale through GXS.
"We are dedicated to providing new e-commerce services on our Transaction Delivery Network that address our customers’ most critical business process automation needs," said Harvey F. Seegers, president and CEO of GXS. "With its ability to track the multi-modal movement of physical goods in real-time over the internet, the Celarix service is a powerful solution to a vexing logistics problem in many of our customers’ supply chains."
Celarix’s existing customers including, Agilent Technologies, Lowe’s Companies, Sharp Electronics, and ShopKo Stores, will become part of the GXS customer base. The Celarix solutions allow GXS to expand its value-added services to its core vertical markets, particularly in the retail, hi-tech and automotive industries. This functionality will enable customers to access and exploit clean, reliable logistics information which helps improve fill rates, boost customer satisfaction levels and reduce transportation costs.
"The acquisition allows for GXS to augment their network of over 100,000 trading partners, complete portfolio of e-commerce services and 30 year history of transaction operating excellence with software and services designed specifically for global logistics and international trade," said Evan Schumacher, CEO of Celarix.
"The acquisition brings together two organizations that have a great deal in common. Both have built business models to connect trading partners electronically through integration services and a guarantee of high data quality, and both use common transaction management technology," said AMR Research Supply Chain Analyst John Fontanella. "There is very little duplication of services; in fact, each company`s offering complements the other."
About Global eXchange Services
Global eXchange Services, Inc. (GXS) operates one of the largest B2B e-commerce networks in the world, with more than 100,000 trading partners. The network`s 1 billion annual transactions account for $500 billion in goods and services. With more than 35 years experience, GXS provides supply chain services and software to 60 percent of Fortune 500 companies. GXS is headquartered in Gaithersburg, Md. Call (800) 560-4347 or visit our Web site at www.gxs.com.
About Celarix
Based in Cambridge, Mass., Celarix is the leading provider of logistics integration and visibility solutions for Global 2000 companies looking for performance improvement beyond the "four walls" of their enterprise. Celarix solutions enable customers, including Agilent Technologies, Sharp Electronics, Lowe`s Companies and Abercrombie & Fitch, to quickly realize performance improvements through improved customer service, lower transportation costs and faster cash-to-cash cycles.
Caution Concerning Forward-Looking Statements This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management`s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. These factors include technological developments, customer demand, trading partner participation and network availability.
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