From Wikipedia, the free encyclopedia
Software corporation headquartered in Minneapolis, Minnesota, USA
SPS Commerce is a corporation 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
Beijing ,
Hong Kong ,
Sydney ,
Melbourne ,
Toronto , and
Kyiv .
[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]
History
The company was founded in 1987; 37 years ago (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 91 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 $10.9M, 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 ]
2022: $45M acquisition of GCommerce[
citation needed ]
2022: $49M acquisition of InterTrade
[23]
2023: €64.5M acquisition of TIE Kinetix
[24]
2024: $25M acquisition of Traverse Systems
[25]
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
[26]
2015: SPS hired former
Target Corp CIO Beth Jacob in an executive role.
[27]
[28]
2016: SPS hired Dan Juckniess as CRO
[29]
References
^
a
b
"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 .
^
"SPS Commerce reports fourth quarter and full year 2022 financial results" . SPSCommerce.com (Press release). Minneapolis: SPS Commerce Inc. 13 February 2020. Retrieved 14 December 2020 .
^
"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 .
^
"SPS Commerce lands at No. 1 on Top Workplaces list of large companies" . StarTribune.com .
Minneapolis Star Tribune . Retrieved 23 September 2015 .
^
"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. 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. Archived from
the original on 13 March 2014. Retrieved 12 March 2014 .
^ 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. Retrieved 23 September 2015 .
^ Spencer, Leon.
"Australia's Leadtec snapped up in $14.9m SPS Commerce deal" . ZDNet.com . ZDNet. Retrieved 23 September 2015 .
^
"SPS Commerce buys Canadian data analytics firm ToolBox Solutions" . StarTribune.com . Star Tribune. 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 . 17 December 2020. Retrieved 17 December 2020 .
^
"SPS Commerce acquires InterTrade" . spscommerce.com . 31 May 2024. Retrieved 31 May 2024 .
^
"SPS Commerce acquires TIE Kinetix" . spscommerce.com . 24 April 2024. Retrieved 24 April 2024 .
^
"SPS Commerce acquires Traverse Systems" . spscommerce.com . 31 May 2024. Retrieved 31 May 2024 .
^
"SPS Commerce names Thingelstad chief technology officer" . BizJournals.com . August 2013. Retrieved 31 December 2018 .
^ Boulton, Clint (30 March 2015).
"Former Target CIO Beth Jacob lands at SPS Commerce" . Blogs.WSJ.com . Wall Street Journal.
^ Kumar, Kavita.
"SPS Commerce hires former Target tech executive" . StarTribune.com . Minneapolis Star Tribune.
^
"Dan Juckniess joins SPS Commerce as Chief Sales Officer" . MarketCcreener.com . MarketScreener. Retrieved 31 December 2018 .