Welcome to our dedicated page for SPS Commerce news (Ticker: SPSC), a resource for investors and traders seeking the latest updates and insights on SPS Commerce stock.
SPS Commerce, Inc. (Nasdaq: SPSC) is a prominent leader in cloud-based supply chain management solutions. Headquartered in Minneapolis, SPS Commerce perfects the power of trading partner relationships through its industry-leading retail cloud services platform. The company provides proven integrations and comprehensive retail performance analytics, serving thousands of customers worldwide, from retailers and grocers to distributors, suppliers, and logistics firms.
SPS Commerce's core offerings include Fulfillment, Analytics, Assortment, and Community, along with professional services, testing, and certification. These solutions collectively enhance supply chain performance, optimize inventory levels, improve order visibility, and reduce operational costs, while ensuring a seamless omnichannel experience for consumers.
With a track record of 93 consecutive quarters of revenue growth, SPS Commerce is not only a robust and reliable partner but also a significant player in the retail supply chain landscape. Recent achievements include the pending acquisition of TIE Kinetix, furthering their market reach and capabilities. Financial highlights for the second quarter of 2023 underscored ongoing investments across the retail industry, presenting tremendous opportunities for SPS to expand its competitive edge.
SPS Commerce is the world's largest retail network, connecting over 120,000 companies across retail, grocery, distribution, supply, and logistics sectors. This extensive network supports data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible expertise, enabling customers to focus on their core business operations while benefiting from optimized supply chain efficiency.
For more information, please contact SPS Commerce at 866-245-8100 or visit www.spscommerce.com.
SPS Commerce, Inc. announced the acquisition of Traverse Systems, a SaaS platform, for $25 million in cash and $4.3 million in stock. The acquisition aims to enhance supply chain performance and optimization for retailers and suppliers. Traverse Systems provides solutions for scorecarding, vendor performance management, and improving collaboration between trading partners. The company expects revenue increases of $600,000 for Q2 2024, $2.9 million for FY 2024, and $5 million for FY 2025. Adjusted EBITDA is expected to be negatively impacted by $200,000 for Q2 2024 and breakeven for FY 2024, with $1.5 million for FY 2025. The acquisition details will be further disclosed during the Q2 2024 earnings release in July 2024.
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