SPS Commerce

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SPS Commerce, Inc.
Company typePublic
Nasdaq: SPSC
S&P 600 Component
IndustryTechnology – application software
Founded1987; 38 years ago (1987)
FounderGary W Anderson[citation needed]
Headquarters
Minneapolis, Minnesota
,
United States
Key people

Dan Juckniess (EVP) | (CRO)

Mike Svatek (CPO)

Erica Koenig (SVP) | (CHRO)
ServicesSupply chain management solutions,[buzzword] EDI
Revenue$536.9 million (2023)[4]
Number of employees
2,489 (2023)[5]
Websitewww.spscommerce.com

SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software.[6] The company's headquarters are located in Minneapolis, Minnesota,[7] but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.[8]

History

[edit]

The company was founded in 1987; 38 years ago (1987),[9] under the name St. Paul Software.[10] In 2000, the company sold its software business to Netherlands-based TIE Commerce.[11] After the sale, the company primarily offered internet-based business-to-business (B2B) exchanges for retailers and manufacturers.[12] St. Paul Software was renamed SPS Commerce in May 2001.[13] SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market.[14]

Acquisitions:

  • 2011: acquired San Diego–based EDI services company Direct EDI for $10.9 million, adding 40 employees in a San Diego office and a development group in Ukraine.[15]
  • 2012: purchased New Jersey–based data analytics firm Edifice for $26M[16]
  • 2014: $14.9M acquisition of LeadTec, an EDI provider headquartered in Melbourne, Australia.[17]
  • 2016: $23M acquisition of ToolBox Solutions [18]
  • 2018: $23M acquisition of CovalentWorks[19]
  • 2019: $11.5M acquisition of long-term technology partner MAPADOC[citation needed]
  • 2020: $100M acquisition of Data Masons[20]
  • 2021: $17M acquisition of Genius Central[citation needed][21]
  • 2022: $45M acquisition of GCommerce[citation needed][22]
  • 2022: $49M acquisition of InterTrade[23]
  • 2023: €64.5M acquisition of TIE Kinetix[24]
  • 2024: $25M acquisition of Traverse Systems[25]
  • 2024: $206M acquisition of SupplyPike[26]
  • 2025: $210M acquisition of Carbon6

References

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  1. ^ "SPS Commerce Leadership". Retrieved 2023-10-28.
  2. ^ "Executive profile, Kimberly K Nelson". Bloomberg.com. Bloomberg L.P. Retrieved 23 September 2015.
  3. ^ "Meet a Minnesota CTO: Jamie Thingelstad". Tech.mn (Interview). Interviewed by TECHdotMN. Minneapolis. 21 November 2013. Archived from the original on 11 December 2013. Retrieved 23 September 2015.
  4. ^ "SPS Commerce reports fourth quarter and full year 2022 financial results". SPSCommerce.com (Press release). Minneapolis: SPS Commerce Inc. 13 February 2020. Retrieved 14 December 2020.
  5. ^ "Company Info, SPS Commerce Inc". WSJ.com. Wall Street Journal. Retrieved 14 December 2020.
  6. ^ Grayson, Katharine (28 June 2010). "Now public, SPS Commerce plans to keep hiring". BizJournals.com. Minneapolis / St. Paul Business Journal. Retrieved 12 March 2014.
  7. ^ Willard, Elizabeth (23 August 2013). "No. 3 medium company: SPS Commerce Inc". BizJournals.com. Minneapolis / St. Paul Business Journal. Retrieved 12 March 2014.
  8. ^ "SPS Commerce positioning retail supply-chain software for global presence". TheLineMedia.com. The Line Media. Retrieved 23 September 2015.
  9. ^ "Company profile: SPS Commerce". Inc.com. Inc. Magazine. Retrieved 12 March 2014.
  10. ^ "Profile SPS Commerce, Inc". Finance.Yahoo.com. Yahoo Finance. Retrieved 12 March 2014.
  11. ^ "SPS Solutions joins TIE Commerce; SPS Solutions expands its B2B product and service offerings". PRNewsWire.com (Press release). St. Paul Minnesota: PR News Wire. 18 April 2000. Retrieved 2015-09-28.
  12. ^ Reilly, Mark (11 June 2001). "SPS Commerce raises another $10M to expand". BizJournals.com. Minneapolis / St. Paul Business Journal. Retrieved 12 March 2014.
  13. ^ "SPS Commerce Inc (SPSC:NASDAQ GS)". BusinessWeek.com. BusinessWeek. Archived from the original on 13 March 2014. Retrieved 12 March 2014.
  14. ^ Pimentel, Benjamin (22 April 2010). "Three tech firms debut in busy IPO day". MarketWatch.com. MarketWatch. Retrieved 12 March 2014.
  15. ^ "Logistics technology: SPS Commerce acquires Direct EDI". LogisticsMgmt.com. Logistics Management. Retrieved 23 September 2015.
  16. ^ "SPS Commerce acquires business data service Edifice for $26 million". TwinCities.com. Pioneer Press. 6 August 2012. Retrieved 23 September 2015.
  17. ^ Spencer, Leon. "Australia's Leadtec snapped up in $14.9m SPS Commerce deal". ZDNet.com. Retrieved 23 September 2015.
  18. ^ "SPS Commerce buys Canadian data analytics firm ToolBox Solutions". StarTribune.com. Star Tribune. 7 January 2016. Retrieved 31 December 2018.
  19. ^ "SPS Commerce snaps up Texas tech company for $23M". BizJournals.com. 19 December 2018. Retrieved 31 December 2018.
  20. ^ "SPS Commerce acquires Data Masons". GlobeNewswire.com (Press release). 17 December 2020. Retrieved 17 December 2020.
  21. ^ "SPS Commerce Acquires Genius Central". November 3, 2021.
  22. ^ "SPS Commerce Acquires GCommerce". July 20, 2022.
  23. ^ "SPS Commerce acquires InterTrade". spscommerce.com. 31 May 2024. Archived from the original on 1 June 2024. Retrieved 31 May 2024.
  24. ^ "SPS Commerce acquires TIE Kinetix". spscommerce.com. 24 April 2024. Archived from the original on 24 April 2024. Retrieved 24 April 2024.
  25. ^ "SPS Commerce acquires Traverse Systems". spscommerce.com. 31 May 2024. Retrieved 31 May 2024.
  26. ^ "SPS Commerce Acquires SupplyPike". spscommerce.com. 1 Aug 2024. Archived from the original on 7 August 2024. Retrieved 7 Aug 2024.