GXS bought Interchange from Banco Real, Citibank Brazil, EDS (an HP company), and Ita' Unibanco. Interchange, founded in 1991, has provided EDI services to more than 450 customers in the financial services, retail and utilities industries, including 50 of Brazil's largest banks. GXS plans to integrate Interchange's EDI services with GXS Trading Grid to enable customers to leverage its global reach and portfolio of B2B managed services.
'The acquisition builds upon GXS's current market presence in Brazil and accelerates the company's growth plans for B2B managed services in Brazil,' GXS said in a statement. 'GXS targeted Interchange for acquisition because Brazil is a key growth market right now, quickly becoming an important geographic center for business and trade. As a result, Brazilian businesses are in need of supply chain management and visibility technologies.'
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now