GXS Buys HAHT for $30 Million
Global eXchange Services' acquisition of HAHT Commerce is expected to close next month.Business-to-business e-commerce software and services provider Global eXchange Services Inc. announced Thursday the $30 million acquisition of HAHT Commerce. The deal is expected to close next month. HAHT develops demand chain software. GXS, formerly part of General Electric Co.s chain of businesses, operates a huge B2B e-commerce network that manages 1 billion transactions a year for more than 100,000 trading partners.
What HAHT will bring to the table is software capabilities for product information management and data synchronizationor product lifecycle management, as its referred to in other industriesto help retailers manage product information from "concept to consumer," GXS officials said, in Gaithersburg, Md.