Why Inovis and GXS Have Decided to Merge December 10, 2009
Posted by Sean Feeney in News.Tags: GXS, inovis, merger
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This week we announced that Inovis and GXS have signed a definitive agreement to merge our two companies. This merger is expected to be finalized the first half of 2010 pending regulatory approval. We believe, and early industry analyst feedback agrees, that this is a deal that will significantly change the B2B e-commerce landscape. We believe the merger of our two companies will advance our respective customers’ ability to achieve total B2B integration efficiently and cost-effectively.
It was a bit of a shock to our team when I announced the merger with one of our biggest competitors. As one employee asked me, “How do we merge with the people we hate?” As our people thought about it a bit more, the feedback I received was that this makes sense. Our team has quickly moved on to think about what the combined company could do for our great customers.
The feedback from our customers and partners has been very positive. We really feel great about the large numbers of customers that talked about wanting to keep the great Inovis people on their account and the Inovis products in place. As always, Inovis is dedicated to our commitment to maintaining and increasing levels of innovation and service, and through this merger, we will extend our global reach, increase network scale and efficiency, maximize the depth and scope of services-based architecture, and allow new and greater product capabilities.
Change is unsettling for our team and our customers, but we firmly believe our business going forward will be nothing short of the world’s premier service provider exclusively focused on B2B e-commerce and integration. We will still face stiff competition from great competitors like Sterling, Axway, Easylink, nubridges, SPS Commerce, Descartes and Extol as we move forward after completing the merger. This competition, as always, will drive innovation that will benefit the market we serve.
We are excited about the future, but until the merger closes we will continue to operate as Inovis and provide the market leading operation execution and innovation excellence you have come to depend on us for every day.
To learn more about the merger please visit www.inovis.com/gxs.
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[...] has been a little over a month since we announced the signing of a definitive merger agreement with GXS to form a new company. The first step in completing the merger was the financing of the [...]