WALTHAM, MA--(Marketwire - Feb 7, 2013) - MetraTech Corp., the leading provider of agreements-based billing commerce and compensation solutions, today announced that GXS, a leading provider of B2B integration services, selected the MetraNet billing platform to support GXS's global billing process.
GXS operates the world's largest integration cloud platform, GXS Trading Grid®, allowing companies to deploy scalable trading platforms globally. Its software and services help more than 550,000 businesses, including 22 of the top 25 supply chains, extend their partner networks, automate receiving processes, manage electronic payments and improve supply chain visibility.
Powered by the industry's only metadata-driven billing and compensation architecture, MetraNet empowers customer business teams to quickly configure new pricing and settlement models and respond quickly to changing demands in business conditions. MetraNet supports sophisticated bundling as well as the ability to manage both the billed revenue stream and the settlement due to suppliers, channels, and partners.
"We plan to use MetraTech's monetization platform to enable a global billing system to meet our needs as a worldwide B2B integration services provider," said Joe Rodgers, senior director, Information Technology at GXS.
"GXS's innovation in B2B integration to increase visibility for global supply chains aligns with MetraTech's own focus to help our customers quickly and accurately monetize business models," said Scott Swartz, founder and CEO MetraTech Corp. "We are excited to be working with GXS to enable their growth in key customer segments."
MetraTech Corp. simplifies and enables global commerce innovation, while helping businesses respond to an ever changing customer and partner relationship landscape. We empower businesses to embrace change through a unique agreements-based billing, commerce and compensation solution that models and supports fluid, personalized, multi-party agreements for customers, partners, and suppliers. We automate business processes and business models to address rapidly changing or complex business strategies. Our products are deployed globally, and our customers use MetraTech to innovatively create and securely collect revenue, provide settlement to partners and manage their customer lifecycle in 12 languages, 28 currencies and 90 countries. Customers include Arkadin, Concur, The Depository Trust and Clearing Corporation (DTCC), CETIP, The City of Chicago, GRU Sao Paulo International Airport, Intercall, LifeLock, Microsoft, PGi, Telus, and Telmore. The company is headquartered in Boston, with offices in, London, Paris and Rio de Janeiro. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Meritech Capital and Vesbridge Partners. For more information, please visit www.metratech.com.
GXS is a leading B2B integration services provider and operates the world's largest integration cloud, GXS Trading Grid®. Our software and services help more than 550,000 businesses, including 22 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 2,400 professionals. To learn more, see www.gxs.com, read our blog at www.gxsblogs.com, follow us on Twitter at www.twitter.com/gxs and join us on LinkedIn at www.linkedin.com/company/gxs. You can also access our public filings with the Securities and Exchange Commission at www.sec.gov/edgar.shtml.
- Investment & Company Information