(Length: 1 pages)

June 26, 2002

GE Sells GXS, Giving It A New Lease On Life

by Laurie M. Orlov

with Christine Ferrusi Ross, Taichi Nakashima

Executive Summary (This is a document excerpt)

GE sold its languishing EDI services unit this week for $800 million to buyout firm Francisco Partners, enabling the 1,700-person GXS to invest and grow the business. The upside? Acquisitions, hires, and more hosted offerings. Risk? Execution.

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Technology: Application Development, Application Infrastructure Technologies, IT Services, Networking, Packaged Applications, Supply Chain Management
Industry: Business-To-Business eCommerce, Computer Software Industry, eBusiness/eCommerce, High-Tech, Mergers & Acquisitions, Professional Services, Retail
Geography: Asia Pacific, Europe, North America
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