GXS, which is backed by Francisco Partners, has bought RollStream. Financial terms weren’t disclosed. RollStream, of McLean, Va., provides software-as-a-service to speed supply chain efficiency.
GXS today announced that it has acquired RollStream, a software-as-a-service (SaaS) leader of enterprise community management. This acquisition accelerates GXS’s strategy to speed and simplify the integration of global business communities. By combining the RollStream solution with GXS Trading Grid®, the world’s largest integration cloud, GXS expects to enhance the performance of global business and supply chain operations for its customers. The acquisition deepens GXS’s long-term commitment to the Social Supply Chain, a vision that brings together information flows and information workers to break down barriers hampering supply chain efficiency.
“Our customers realize they need a balance of people, process and technology to compete on a global scale, and they know that the human side of B2B integration matters,” said Bob Segert, CEO, GXS. “RollStream is one of the more innovative startups to enter the B2B integration market in recent years. At GXS, we are firm believers that integration belongs in the cloud and the RollStream acquisition enables us to accelerate this vision.”
For many organizations, integrating business communities is getting more complex, as transactions are expected to double by 2014 across Global 2000 organizations and the lines are blurring between traditional B2B e-commerce transactions and cloud integration. And despite social software’s transformation among consumer interactions, supply networks are still often bogged down with out-of-date contact lists, hard-to-share supplier certifications, and a reliance on faxes, email and spreadsheets. Using RollStream, procurement teams at Global 2000 companies are simplifying the human side of B2B integration, minimizing supplier compliance risk and improving supplier time-to-market by up to 60 percent.
The acquisition builds upon the companies’ business partnership that began in 2009 and helps accelerate the rollout of RollStream’s products across the GXS portfolio. The GXS RollStream service is available today and will be internationalized and available with local language support by first quarter 2012.
RollStream’s SaaS platform benefits global procurement teams by:
* Accelerating supplier setup by up to 60 percent, from months to weeks.
* Simplifying social exception handling and supply chain collaboration.
* Improving supplier contact accuracy with self-service updates.
* Providing a single source for sales forecasts, supplier communications, and project rollouts.
RollStream is also known for its Web 2.0 user experience and interface, developed on the Ruby-on-Rails (“Rails”) Web development framework.
Terms of GXS’s acquisition of RollStream were not disclosed. Both companies are based in the Washington DC area.
To learn more, and view a GXS/RollStream webinar, visit http://www.gxs.com/rollstream.
RollStream is a leader in enterprise community management. The company’s SaaS platform optimizes supplier relationships through a powerful collaboration platform that includes master data management, robust communications tools, and process applications. Global retailers, healthcare suppliers and consumer companies use RollStream to collaborate with their supplier community to improve supplier registration cycle times, compliance management, and dispute resolution. RollStream is based in McLean, VA. Learn more at http://www.rollstream.com.
GXS is a leading integration services provider and operates the world’s largest integration cloud, GXS Trading Grid®. Our software and services help more than 40,000 companies, including 75 percent of the Fortune 500 and 24 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 2,000 professionals. To learn more, see http://www.gxs.com, read our blog at http://blogs.gxs.com, follow us on Twitter at http://twitter.com/gxs and join us on LinkedIn at http://www.linkedin.com/company/gxs.