Inovis has more than 20 years of history as a pioneer and leading innovator in the supply chain and EDI marketplaces. The company's heritage dates back to 1983 in Atlanta, Georgia, with the creation of Harbinger*EDI Services, a highly successful, early pioneer of products and services for B2B solutions. As the successor to Harbinger (itself comprised of SupplyTech; a division of Texas Instruments; Premenos; and Extricity), Inovis became a commercial entity in 2002, when the assets of the Peregrine Supply Chain Enablement Group were acquired by Golden Gate Capital and Cerberus Capital Management.
In summer 2003, Inovis acquired IPNet Solutions, a leading provider of IP-based EDI integration software. The addition of IPNet, with its SOA-architected, next-generation B2B gateway, positioned Inovis as one of the only vendors capable of providing solutions with all of the technology and services necessary to implement a hybrid trading community across our integrated B2B platform.
The acquisition of QRS in November 2004 further strengthened Inovis' leadership in the retail industry and made Inovis one of the world's largest providers of B2B solutions, with a strong and growing customer base, unparalleled domain expertise and innovative, flexible, scalable solutions. The QRS portfolio included the industry's largest data pool/catalog and relationships with the largest General Merchandise and Apparel retailers and their vendor trading partners.
In August 2007, Inovis launched the Multienterprise Expert Services Hub (MESH) platform. MESH is a fully redundant platform designed to deliver 100% availability and a data center designed to deliver 99.995% availability. MESH provides a solid foundation of quality and operational excellence for all Inovis services. That same month, Inovis announced the acquisition of Freeway Commerce. Freeway Commerce provides expanded adaptors and integration with SMB ERP and accounting packages in addition to hosted web forms solution tailored to small- to mid-sized companies. These capabilities not only expanded the Inovis footprint in UK, but they provide more on-ramps onto the communication network powered by Inovisworks and MESH.
In November 2007, Inovis acquired BetweenMarkets, a company that provides on-demand trading partner applications for supply chain hubs and suppliers. The integration between BetweenMarkets' applications and the high-volumes of trading partner transactions processed through Inovis' solutions enables customers to improve transaction quality and compliance across their trading partners while reducing supply chain data errors, penalties and chargebacks.
Today, as we continue to grow, Inovis is a leading provider of on-demand Business Community Management (BCM) solutions that empower companies to transact, collaborate and optimize communications with every facet of their business communities. By standardizing and automating mission-critical business interactions, companies can dramatically reduce the complexity and cost of supply chain communication. Inovis offers an integrated suite of proven B2B solutions with 20,000+ customers, synchronizing data for over 110 million unique products and delivering 4 million streamlined transactions a day.