SPS Commerce
Software corporation headquartered in Minneapolis, Minnesota, USA
From Wikipedia, the free encyclopedia
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]
| |
| Company type | Public |
|---|---|
| Nasdaq: SPSC S&P 600 Component | |
| Industry | Technology – application software |
| Founded | 1987 |
| Founder | Gary W Anderson[citation needed] |
| Headquarters | , United States |
Key people |
Mike Svatek (CPO) Erica Koenig (SVP) | (CHRO) |
| Services | Supply chain management solutions,[buzzword] EDI |
| Revenue | $536.9 million (2023)[4] |
Number of employees | 2,489 (2023)[5] |
| Website | www |
History
The company was founded in 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[27]
