While analysts have predicted strong growth in the B2B managed services industry, GXS is growing at more than two times the forecasted market segment rate.
(PRWEB) April 19, 2012
GXS, a leading provider of B2B integration services, today announced that its Managed Services offerings continue to drive the company’s overall success, with related revenues growing 33% in 2011 to a new height of $150 million. Initially introduced in 2004, Managed Services has grown at a compound annual growth rate (CAGR) of 28% from 2008 through 2011, and now represents more than 30% of GXS’s total company revenues.
Hundreds of customers of all sizes are currently leveraging GXS’s Managed Services to connect electronically with their customers, suppliers, banks, transportation carriers and other business partners. GXS Managed Services customers represent a variety of industries including consumer products, financial services, high tech, manufacturing and retail, among others. In 2011, Managed Services continued to add to its growing list of notable customers that includes companies such as ArcelorMittal, Columbia Sportswear, Dairy Crest, Godiva, HomePlus, Knauf, Kuehne+Nagel, Marks & Spencer and Warner Music France. Similar to GXS overall, revenue from Managed Services is geographically dispersed, with more than 40% of the 2011 revenues coming from outside the US.
“Leveraging GXS’ s extensive B2B expertise, our Managed Services enable customers to quickly and cost effectively integrate with business partners, while staying focused on their core business,” said Bob Segert, president and chief executive officer at GXS. “While analysts have predicted strong growth in the B2B managed services industry, GXS is growing at more than two times the forecasted market segment rate. As the adoption of cloud-based integration platforms continues to rise, we believe this trend will continue.”
GXS Managed Services is a comprehensive B2B integration solution that provides companies with highly-skilled B2B specialists who assume the day-to-day operations for the customer, including ERP integration, mapping, on-boarding and technical support. As a cloud-based integration offering, GXS Managed Services enables companies to build and grow B2B networks without making additional investment in hardware, software or human resources.
GXS is a leading B2B integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®. Our software and services help more than 400,000 businesses, including 72 percent of the Fortune 500 and 23 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments, and improve supply chain visibility. GXS Managed Services, our unique approach to improving B2B integration operations, combines GXS Trading Grid® with our process orchestration services and global team to manage a company’s multi-enterprise processes. Based in Gaithersburg, Maryland, GXS has direct operations in 20 countries, employing more than 2,400 professionals. To learn more, see http://www.gxs.com, read our blog at http://www.gxsblogs.com, follow us on Twitter at http://twitter.com/gxs and join us on LinkedIn at http://www.linkedin.com/company/gxs. You can also access our public filings with the Securities and Exchange Commission at http://www.sec.gov/edgar.shtml.
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