March 07, 2012 08:30 ET

GXS Achieves SSAE 16 and ISAE 3402 Standards Assurance

Re-Affirms Commitment to Strict Adherence With Operating Control Standards

GAITHERSBURG, MD--(Marketwire - Mar 7, 2012) - GXS, a leading provider of business-to-business (B2B) e-commerce solutions, today announced that it has achieved both Statement on Standards for Attestation Engagements (SSAE) No. 16 Type II and International Standard on Assurance Engagements (ISAE) No. 3402 for its GXS Trading Grid® suite of applications. Assessed by auditors from Deloitte & Touche LLP over a period of several months, these accomplishments demonstrate GXS's focus on operational excellence for its global customer base.

"The successful completion of SSAE 16 Type II and ISAE 3402 examinations by an independent auditor demonstrates to our clients that GXS is committed to meeting the highest industry standards for internal controls," said Ray Riescher, director, Service Management at GXS.

GXS's Managed Services customers rely on the company's leading ability to provide a simple and easy solution for all of their B2B integration needs. GXS's operating controls are designed to meet SSAE 16 and ISAE 3402 standards and assure GXS customers of not just the security and reliability of all of its operations but provide additional ease in completing their own internal and third party audits.

Developed by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), SSAE 16 replaces Statement on Auditing Standards No. 70, Service Organizations (SAS 70) as the professional standard for service organizations to obtain an independent assessment about the effectiveness of internal controls that are relevant to their customer's financial statement audits. SSAE 16 requires a description of one's system along with a written assertion by management and is effective for reporting periods ending on or after June 15, 2011.

As part of the SSAE 16 assurance process, GXS management provided written assertion that:

  • Its description of the service organization's system fairly presents the system
  • The controls related to the control objectives were suitably designed, inclusive of considering the risks that threaten the achievement of the control objectives
  • The controls related to the control objectives operated effectively throughout the period (Type II)

Additionally, the company has achieved ISAE 3402 assurance, providing an international assurance standard for allowing public accountants to issue a report for use by user organizations and their auditors on the controls at a service organization that are likely to impact or be a part of the user organization's system of internal control over financial reporting.

About GXS:
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 400,000 businesses, including 75 percent of the Fortune 500 and 23 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 2,300 professionals. To learn more, see, read our blog at, follow us on Twitter at and join us on LinkedIn at You can also access our public filings with the Securities and Exchange Commission at

This press release may contain "forward-looking statements." All statements, other than statements of historical facts that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are affected by risks, uncertainties and assumptions, including but not limited to those set forth in the company's public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Accordingly, actual results or outcomes may differ materially from those expressed in the forward-looking statements. You should not place undue reliance on these statements and the company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise.

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