(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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