##### 



Exhibit 12 GXS Corporation
Ratio of earnings to combined fixed charges Years Ended December 31,1999
    
    2000
    
    2001
    
    2002
    
    2003EarningsNet income
    
    $
    54,730
    
    
    $
    67,819
    
    
    $
    68,594
    
    
    $
    (39,457
    )
    
    $
    (303,277
    )Income tax expense
    
    
    30,868
    
    
    
    42,793
    
    
    
    49,278
    
    
    
    9,858
    
    
    
    259,590Interest expense
    
    
    1,597
    
    
    
    12,007
    
    
    
    5,334
    
    
    
    12,200
    
    
    
    47,409Capitalization of interest expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,000Amortization of debt discount
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    770Amortization of debt issue costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,326
    
    
    
    2,788Write-off of deferred financing costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,548Portion of rent expense considered to
represent interest (a)
    
    
    26,897
    
    
    
    18,279
    
    
    
    13,032
    
    
    
    11,856
    
    
    
    12,389Proportionate share of losses in investee
companies and investment write-downs
    
    
    7,906
    
    
    
    18,759
    
    
    
    23,417
    
    
    
    4,668
    
    
    
    679Minority interest
    
    
    (358
    )
    
    
    (699
    )
    
    
    (440
    )
    
    
    (545
    )
    
    
    (507
    )Total earnings
    
    $
    121,640
    
    
    $
    158,958
    
    
    $
    159,215
    
    
    $
    906
    
    
    $
    26,389Fixed ChargesInterest expense
    
    $
    1,597
    
    
    $
    12,007
    
    
    $
    5,334
    
    
    $
    12,200
    
    
    $
    47,409Capitalization of interest expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    1,000Amortization of debt issue costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,326
    
    
    
    2,788Amortization of debt discount
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    770Write-off of deferred financing costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    5,548Portion of rent expense considered to
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    represent interest (a)
    
    
    26,897
    
    
    
    18,279
    
    
    
    13,032
    
    
    
    11,856
    
    
    
    12,389Total fixed charges
    
    $
    28,494
    
    
    $
    30,286
    
    
    $
    18,366
    
    
    $
    26,382
    
    
    $
    69,904Ratio
    
    
    4.27
    
    
    
    5.25
    
    
    
    8.67
    
    
    
    (b
    )
    
    
    (b
    )
  (a)
    
    The Company considers one-third of rent expense to represent interest expense.(b)
    
    Earnings were insufficient to cover fixed charges for the years ended December 31, 2002 and 2003
by $25.5 million and $43.5 million, respectively.