US-based e-commerce firm to expand operations in India

Wednesday, 26 May 2004, 19:30 IST
Printer Print Email Email
BANGALORE: Global eXchange Services (GXS), the US-based leading e-commerce services provider, has decided to expand its technology operations in India with a view to creating new solutions for business-to-business platform. The city-based India Technology Centre (ITC) of GXS works on projects to develop data synchronisation solutions for the retail industry and trading grids for large enterprises. The local facility contributes over two-thirds of GXS' core software products and solutions business. "The ITC undertakes core development work of leading technologies for our global networks," Gary Greenfield, president and chief executive officer of Maryland-based GXS, told IANS. Growing at 30 percent annually, the four-year old ITC plans to ramp up its development teams with fresh hiring to position itself as a strategic facility for GXS' operations worldwide, added Greenfield. Operating one of the largest business-to-business networks, $360-million GXS caters to about 100,000 trading partners worldwide, with 50-60 percent of them in North America. The company's networks process one billion transactions annually, accounting for $1 trillion in goods and services of 34,000 customers, including 50 percent of Fortune 500 corporations. Currently, ITC's 150 technology professionals collaborate with GXS' global pool of engineering talent located in the US and Europe to design and develop new products and services for the network's interchange, integration and marketplace solutions. The company officials declined to reveal the cumulative investment made in the ITC so far and the budget earmarked for its expansion plans in India over the next few years. "We have identified India as a strategic centre for our global operations, thanks to the high calibre of its software developers and the cost advantage they command over their counterparts in the West," said Greenfield. ITC will undertake extended assignments towards product initiation and from front-end applications to platforms and supply chain logistics, he added. Some of GXS' global customers are GE, Kodak, FedEx, DaimlerChrysler, JC Penney, Consignia, Sara Lee and Unilever Bestfoods. Formerly, a wholly owned subsidiary of General Electric (GE) GXS was acquired by Franciso Partners in 2002.
Source: IANS
siliconindia