SPS Commerce explained

SPS Commerce, Inc.
Type:Public
Traded As:NASDAQ:
S&P 600 Component
Industry:Technology – application software
Founder:Gary W Anderson
Location City:Minneapolis, Minnesota
Location Country:United States
Services:Supply chain management solutions, EDI
Revenue:$450 million (2022)[1]
Num Employees:1,363 (2019)[2]

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.[3] The company's headquarters are located in Minneapolis, Minnesota,[4] but also has a US office in New Jersey, and international locations in Beijing, Hong Kong, Sydney, Melbourne, Toronto, and Kyiv.[5] In 2015, the Minneapolis Star Tribune reported that SPS Commerce was ranked by WorkplaceDynamics as the best large workplace in Minnesota.[6] SPS was also ranked among the top 10 fastest growing publicly traded companies in Minnesota in 2014.[7]

History

The company was founded in,[8] under the name St. Paul Software.[9] In 2000, the company sold its software business to Netherlands-based TIE Commerce.[10] After the sale, the company primarily offered internet-based business-to-business (B2B) exchanges for retailers and manufacturers.[11] St. Paul Software was renamed SPS Commerce in May 2001.[12] SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market.[13] SPS has enjoyed 91 consecutive quarters of growth, most of which has been organic. They acquire companies where it makes sense, notably:

In addition to acquiring companies, SPS has been acquiring executives to newly created roles to expand the executive team:

Notes and References

  1. SPS Commerce reports fourth quarter and full year 2022 financial results. SPSCommerce.com. Minneapolis. SPS Commerce Inc.. 13 February 2020. 14 December 2020.
  2. Web site: Company Info, SPS Commerce Inc.. WSJ.com. Wall Street Journal. 14 December 2020.
  3. Web site: Grayson. Katharine. 28 June 2010. Now public, SPS Commerce plans to keep hiring. BizJournals.com. Minneapolis / St. Paul Business Journal. 12 March 2014.
  4. Web site: Willard. Elizabeth. 23 August 2013. No. 3 medium company: SPS Commerce Inc.. BizJournals.com. Minneapolis / St. Paul Business Journal. 12 March 2014.
  5. Web site: SPS Commerce positioning retail supply-chain software for global presence. TheLineMedia.com. The Line Media. 23 September 2015.
  6. Web site: SPS Commerce lands at No. 1 on Top Workplaces list of large companies. StarTribune.com. Minneapolis Star Tribune. 23 September 2015.
  7. Web site: Digital River's exit leaves just one software company on MN's Top 100 Public List. BizJournals.com. Minneapolis St Paul Business Journal. October 2014. 23 September 2015.
  8. Web site: Company profile: SPS Commerce. Inc.com. Inc. Magazine. 12 March 2014.
  9. Web site: Profile SPS Commerce, Inc.. Finance.Yahoo.com. Yahoo Finance. 12 March 2014.
  10. SPS Solutions joins TIE Commerce; SPS Solutions expands its B2B product and service offerings. PRNewsWire.com. St. Paul Minnesota. PR News Wire. 18 April 2000. 2015-09-28.
  11. Web site: Reilly. Mark. 11 June 2001. SPS Commerce raises another $10M to expand. BizJournals.com. Minneapolis / St. Paul Business Journal. 12 March 2014.
  12. Web site: SPS Commerce Inc (SPSC:NASDAQ GS). BusinessWeek.com. BusinessWeek. 12 March 2014. https://archive.today/20140313074157/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SPSC. dead. 13 March 2014.
  13. Web site: Pimentel. Benjamin. 22 April 2010. Three tech firms debut in busy IPO day. MarketWatch.com. MarketWatch. 12 March 2014.
  14. Web site: Logistics technology: SPS Commerce acquires Direct EDI. LogisticsMgmt.com. Logistics Management. 23 September 2015.
  15. Web site: SPS Commerce acquires business data service Edifice for $26 million. TwinCities.com. Pioneer Press. 23 September 2015.
  16. Web site: Spencer. Leon. Australia's Leadtec snapped up in $14.9m SPS Commerce deal. ZDNet.com. ZDNet. 23 September 2015.
  17. Web site: SPS Commerce buys Canadian data analytics firm ToolBox Solutions. StarTribune.com. Star Tribune. 31 December 2018.
  18. Web site: SPS Commerce snaps up Texas tech company for $23M. BizJournals.com. 19 December 2018. 31 December 2018.
  19. Web site: SPS Commerce acquires Data Masons. GlobeNewswire.com. 17 December 2020. 17 December 2020.
  20. Web site: SPS Commerce acquires InterTrade. spscommerce.com. 31 May 2024. 31 May 2024.
  21. Web site: SPS Commerce acquires TIE Kinetix. spscommerce.com. 24 April 2024. 24 April 2024.
  22. Web site: SPS Commerce acquires Traverse Systems. spscommerce.com. 31 May 2024. 31 May 2024.
  23. Web site: SPS Commerce Acquires SupplyPike. spscommerce.com. 1 Aug 2024. 7 Aug 2024.
  24. Web site: SPS Commerce names Thingelstad chief technology officer. BizJournals.com. August 2013. 31 December 2018.
  25. Web site: Boulton. Clint. 30 March 2015. Former Target CIO Beth Jacob lands at SPS Commerce. Blogs.WSJ.com. Wall Street Journal.
  26. Web site: Kumar. Kavita. SPS Commerce hires former Target tech executive. StarTribune.com. Minneapolis Star Tribune.
  27. Web site: Dan Juckniess joins SPS Commerce as Chief Sales Officer. MarketCcreener.com. MarketScreener. 31 December 2018.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "SPS Commerce".

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