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 to retailers, suppliers, third-party logistics providers and partners.[6] The company's headquarters are located in Minneapolis, Minnesota,[7] but also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.[8] In 2015, the Minneapolis Star Tribune reported that SPS Commerce was ranked by WorkplaceDynamics as the best large workplace in Minnesota.[9] SPS was also ranked among the top 10 fastest growing publicly traded companies in Minnesota in 2014.[10]
| |
| 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
Summarize
Perspective
The company was founded in 1987,[11] under the name St. Paul Software.[12] In 2000, the company sold its software business to Netherlands-based TIE Commerce.[13] After the sale, the company primarily offered internet-based business-to-business (B2B) exchanges for retailers and manufacturers.[14] St. Paul Software was renamed SPS Commerce in May 2001.[15] SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market.[16] SPS has enjoyed 96 consecutive quarters of growth, most of which has been organic. They acquire companies where it makes sense, notably:
- 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.[17]
- 2012: purchased New Jersey–based data analytics firm Edifice for $26M[18]
- 2014: $14.9M acquisition of LeadTec, an EDI provider headquartered in Melbourne, Australia.[19]
- 2016: $23M acquisition of ToolBox Solutions [20]
- 2018: $23M acquisition of CovalentWorks[21]
- 2019: $11.5M acquisition of long-term technology partner MAPADOC[citation needed]
- 2020: $100M acquisition of Data Masons[22]
- 2021: $17M acquisition of Genius Central[citation needed][23]
- 2022: $45M acquisition of GCommerce[citation needed][24]
- 2022: $49M acquisition of InterTrade[25]
- 2023: €64.5M acquisition of TIE Kinetix[26]
- 2024: $25M acquisition of Traverse Systems[27]
- 2024: $206M acquisition of SupplyPike[28]
- 2025: $210M acquisition of Carbon6
In addition to acquiring companies, SPS has been acquiring executives to newly created roles to expand the executive team:
- 2013: SPS hired former Dow Jones CTO Jamie Thingelstad to be CTO[29]
- 2015: SPS hired former Target Corp CIO Beth Jacob in an executive role.[30][31]
- 2016: SPS hired Dan Juckniess as CRO[32]
- 2019: SPS hired Mark O'Leary as CMO
- 2022: SPS hired Erica Koenig as CHRO
- 2025: SPS hired Mike Svatek as CPO
References
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