// Workers AI · dad joke modeDoes SPS Commerce ship out friendships? No, it just trades them.
 | |
| Type | Public |
|---|---|
| Industry | Technology – application software |
| Founded | 1987 |
| Founder | Gary W Anderson[citation needed] |
| Headquarters | , United States |
| Key people | |
| Services | Supply chain management solutions,[buzzword] EDI |
| Revenue |  US$752 million (2025)[4] |
| US$93.3 million (2025)[4] | |
Number of employees | 2,489 (2023)[5] |
| Website | 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,[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]
In December 2025, activist investor Anson Funds Management disclosed a stake in SPS Commerce and pushed the company to explore a sale and consider management changes, arguing the stock price lagged competitors by 40% to 60%.[28]
References
[edit]- ↑ "SPS Commerce Leadership". Retrieved 2023-10-28.
- ↑ "Executive profile, Kimberly K Nelson". Bloomberg.com. Bloomberg L.P. Retrieved 23 September 2015.
- ↑ "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.
- 1 2 "SPS Commerce INC Form 10-K for the fiscal year ended December 31, 2025". U.S. Securities and Exchange Commission. 2026-02-19. Retrieved 2026-08-31.
- ↑ "Company Info, SPS Commerce Inc". WSJ.com. Wall Street Journal. Retrieved 14 December 2020.
- ↑ Grayson, Katharine (28 June 2010). "Now public, SPS Commerce plans to keep hiring". BizJournals.com. Minneapolis / St. Paul Business Journal. Retrieved 12 March 2014.
- ↑ Willard, Elizabeth (23 August 2013). "No. 3 medium company: SPS Commerce Inc". BizJournals.com. Minneapolis / St. Paul Business Journal. Retrieved 12 March 2014.
- ↑ "SPS Commerce positioning retail supply-chain software for global presence". TheLineMedia.com. The Line Media. Retrieved 23 September 2015.
- ↑ "Company profile: SPS Commerce". Inc.com. Inc. Magazine. Retrieved 12 March 2014.
- ↑ "Profile SPS Commerce, Inc". Finance.Yahoo.com. Yahoo Finance. Retrieved 12 March 2014.
- ↑ "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.
- ↑ Reilly, Mark (11 June 2001). "SPS Commerce raises another $10M to expand". BizJournals.com. Minneapolis / St. Paul Business Journal. Retrieved 12 March 2014.
- ↑ "SPS Commerce Inc (SPSC:NASDAQ GS)". BusinessWeek.com. BusinessWeek. Retrieved 12 March 2014.
{{cite web}}: CS1 maint: deprecated archival service (link) - ↑ Pimentel, Benjamin (22 April 2010). "Three tech firms debut in busy IPO day". MarketWatch.com. MarketWatch. Retrieved 12 March 2014.
- ↑ "Logistics technology: SPS Commerce acquires Direct EDI". LogisticsMgmt.com. Logistics Management. Retrieved 23 September 2015.
- ↑ "SPS Commerce acquires business data service Edifice for $26 million". TwinCities.com. Pioneer Press. 6 August 2012. Retrieved 23 September 2015.
- ↑ Spencer, Leon. "Australia's Leadtec snapped up in $14.9m SPS Commerce deal". ZDNet.com. Retrieved 23 September 2015.
- ↑ "SPS Commerce buys Canadian data analytics firm ToolBox Solutions". StarTribune.com. Star Tribune. 7 January 2016. Retrieved 31 December 2018.
- ↑ "SPS Commerce snaps up Texas tech company for $23M". BizJournals.com. 19 December 2018. Retrieved 31 December 2018.
- ↑ "SPS Commerce acquires Data Masons". GlobeNewswire.com (Press release). 17 December 2020. Retrieved 17 December 2020.
- ↑ "SPS Commerce Acquires Genius Central". November 3, 2021.
- ↑ "SPS Commerce Acquires GCommerce". July 20, 2022.
- ↑ "SPS Commerce acquires InterTrade". spscommerce.com. 31 May 2024. Archived from the original on 1 June 2024. Retrieved 31 May 2024.
- ↑ "SPS Commerce acquires TIE Kinetix". spscommerce.com. 24 April 2024. Archived from the original on 24 April 2024. Retrieved 24 April 2024.
- ↑ "SPS Commerce acquires Traverse Systems". spscommerce.com. 31 May 2024. Retrieved 31 May 2024.
- ↑ "SPS Commerce Acquires SupplyPike". spscommerce.com. 1 Aug 2024. Archived from the original on 7 August 2024. Retrieved 7 Aug 2024.
- ↑ "SPS Commerce Completes Acquisition of Carbon6 Technologies" (Press release). GlobeNewswire. February 7, 2025. Retrieved October 5, 2025.
- ↑ "Anson Pushes SPS Commerce to Explore Sale, Management Changes". Bloomberg. December 9, 2025. Retrieved 2026-03-23.
