SPS Commerce
{{Short description|Software corporation headquartered in Minneapolis, Minnesota, USA}}
{{Infobox company
| name = SPS Commerce, Inc.
| logo = SPS Commerce Corp 2015 Logo.png
| logo_size = 150px
| type = Public
| traded_as = {{NASDAQ|SPSC}}
S&P 600 Component
| industry = Technology – application software
| foundation = {{Start date and age|1987}}
| founder = Gary W Anderson{{Citation needed|date=October 2016}}
| location_city = Minneapolis, Minnesota
| location_country = United States
| key_people = {{Unbulleted list
|Chad Collins (CEO | executive chairman){{cite web |url=https://www.spscommerce.com/about/sps-commerce-leadership/#:~:text=CEO,of%20directors%20since%20October%202023.&text=He%20has%20a%20Bachelor%20of,from%20the%20University%20of%20Minnesota. |title=SPS Commerce Leadership |access-date=2023-10-28}}
|Kimberly K. Nelson{{Cite web|title=Executive profile, Kimberly K Nelson|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=39435211&ticker=SPSC|website=Bloomberg.com|publisher=Bloomberg L.P.|access-date=23 September 2015}}
(Chief Financial Officer, and Principal Accounting Officer)
|Jamie Thingelstad{{Cite interview|title=Meet a Minnesota CTO: Jamie Thingelstad|url=http://tech.mn/news/2013/11/21/sps-commerce-cto-jamie-thingelstad/|website=Tech.mn|interviewer=TECHdotMN|location=Minneapolis|date=21 November 2013|access-date=23 September 2015|archive-url=https://web.archive.org/web/20131211035837/https://Tech.mn/news/2013/11/21/sps-commerce-cto-jamie-thingelstad/|archive-date=11 December 2013|url-status=dead}} (CTO)}}
Dan Juckniess (EVP) {{!}} (CRO)
Mike Svatek (CPO)
Erica Koenig (SVP) {{!}} (CHRO)
| services = Supply chain management solutions,{{Buzzword inline|date=July 2019}} EDI
| num_employees = 2,489 (2023){{Cite web|title=Company Info, SPS Commerce Inc.|url=http://quotes.wsj.com/SPSC/company-people|website=WSJ.com|publisher=Wall Street Journal|access-date=14 December 2020}}
| homepage = {{URL|https://www.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 to retailers, suppliers, third-party logistics providers and partners.{{Cite web|last=Grayson|first=Katharine|date=28 June 2010|title=Now public, SPS Commerce plans to keep hiring|url=http://www.bizjournals.com/twincities/stories/2010/06/28/story3.html|website=BizJournals.com|publisher=Minneapolis / St. Paul Business Journal|access-date=12 March 2014}} The company's headquarters are located in Minneapolis, Minnesota,{{Cite web|last=Willard|first=Elizabeth|date=23 August 2013|title=No. 3 medium company: SPS Commerce Inc.|url=http://www.bizjournals.com/twincities/print-edition/2013/08/23/3-medium-company-sps-commerce.html|website=BizJournals.com|publisher=Minneapolis / St. Paul Business Journal|access-date=12 March 2014}} but also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.{{Cite web|title=SPS Commerce positioning retail supply-chain software for global presence|url=http://www.thelinemedia.com/innovationnews/sps12172014.aspx|website=TheLineMedia.com|publisher=The Line Media|access-date=23 September 2015}} In 2015, the Minneapolis Star Tribune reported that SPS Commerce was ranked by WorkplaceDynamics as the best large workplace in Minnesota.{{Cite web|title=SPS Commerce lands at No. 1 on Top Workplaces list of large companies|url=http://www.startribune.com/sps-commerce-lands-at-no-1-on-top-workplaces-list-of-large-companies/307168321/|website=StarTribune.com|date=13 June 2015 |publisher=Minneapolis Star Tribune|access-date=23 September 2015}} SPS was also ranked among the top 10 fastest growing publicly traded companies in Minnesota in 2014.{{Cite web|title=Digital River's exit leaves just one software company on MN's Top 100 Public List|url=http://www.bizjournals.com/twincities/blog/in_private/2014/10/digital-river-s-exit-leaves-just-one-software.html|website=BizJournals.com|publisher=Minneapolis St Paul Business Journal|date=October 2014|access-date=23 September 2015}}
History
The company was founded in {{Start date and age|1987}},{{Cite web|title=Company profile: SPS Commerce|url=http://www.inc.com/profile/sps-commerce|website=Inc.com|publisher=Inc. Magazine|access-date=12 March 2014}} under the name St. Paul Software.{{Cite web|title=Profile SPS Commerce, Inc.|url=https://finance.yahoo.com/q/pr?s=SPSC+Profile|website=Finance.Yahoo.com|publisher=Yahoo Finance|access-date=12 March 2014}} In 2000, the company sold its software business to Netherlands-based TIE Commerce.{{Cite press release|title=SPS Solutions joins TIE Commerce; SPS Solutions expands its B2B product and service offerings|url=http://www.prnewswire.com/news-releases/sps-solutions-joins-tie-commerce-sps-solutions-expands-its-b2b-product-and-service-offerings-72685557.html|website=PRNewsWire.com|location=St. Paul Minnesota|publisher=PR News Wire|date=18 April 2000|access-date=2015-09-28}} After the sale, the company primarily offered internet-based business-to-business (B2B) exchanges for retailers and manufacturers.{{Cite web|last=Reilly|first=Mark|date=11 June 2001|title=SPS Commerce raises another $10M to expand|url=http://www.bizjournals.com/twincities/stories/2001/06/11/story3.html|website=BizJournals.com|publisher=Minneapolis / St. Paul Business Journal|access-date=12 March 2014}} St. Paul Software was renamed SPS Commerce in May 2001.{{Cite web|title=SPS Commerce Inc (SPSC:NASDAQ GS)|url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SPSC|website=BusinessWeek.com|publisher=BusinessWeek|access-date=12 March 2014|archive-url=https://archive.today/20140313074157/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SPSC|url-status=dead|archive-date=13 March 2014}} SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market.{{Cite web|last=Pimentel|first=Benjamin|date=22 April 2010|title=Three tech firms debut in busy IPO day|url=http://www.marketwatch.com/story/three-tech-companies-highlight-busy-ipo-day-2010-04-22|website=MarketWatch.com|publisher=MarketWatch|access-date=12 March 2014}} 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.{{Cite web|title=Logistics technology: SPS Commerce acquires Direct EDI|url=http://www.logisticsmgmt.com/article/sps_commerce_acquires_direct_edi|website=LogisticsMgmt.com|publisher=Logistics Management|access-date=23 September 2015}}
- 2012: purchased New Jersey–based data analytics firm Edifice for $26M{{Cite web|title=SPS Commerce acquires business data service Edifice for $26 million|url=http://www.twincities.com/ci_21255279/sps-commerce-acquires-business-data-service-edifice-26|website=TwinCities.com|date=6 August 2012 |publisher=Pioneer Press|access-date=23 September 2015}}
- 2014: $14.9M acquisition of LeadTec, an EDI provider headquartered in Melbourne, Australia.{{Cite web|last=Spencer|first=Leon|title=Australia's Leadtec snapped up in $14.9m SPS Commerce deal|url=https://www.zdnet.com/article/australias-leadtec-snapped-up-in-14-9m-sps-commerce-deal/|website=ZDNet.com|access-date=23 September 2015}}
- 2016: $23M acquisition of ToolBox Solutions {{Cite web|url=http://www.startribune.com/sps-commerce-buys-canadian-data-analytics-firm/364399231/|title=SPS Commerce buys Canadian data analytics firm ToolBox Solutions|website=StarTribune.com|date=7 January 2016 |publisher=Star Tribune|access-date=31 December 2018}}
- 2018: $23M acquisition of CovalentWorks{{Cite web|title=SPS Commerce snaps up Texas tech company for $23M|url=https://www.bizjournals.com/twincities/news/2018/12/19/sps-commerce-snaps-up-texas-tech-company-for-23m.html|website=BizJournals.com|date=19 December 2018|access-date=31 December 2018}}
- 2019: $11.5M acquisition of long-term technology partner MAPADOC{{Citation needed|date=July 2023}}
- 2020: $100M acquisition of Data Masons{{Cite press release|title=SPS Commerce acquires Data Masons|url=https://www.globenewswire.com/news-release/2020/12/17/2146886/0/en/SPS-Commerce-Acquires-Data-Masons.html|website=GlobeNewswire.com|date=17 December 2020|access-date=17 December 2020}}
- 2021: $17M acquisition of Genius Central{{Citation needed|date=July 2023}}{{Cite news |date=November 3, 2021 |title=SPS Commerce Acquires Genius Central |url=https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-genius-central }}
- 2022: $45M acquisition of GCommerce{{Citation needed|date=July 2023}}{{Cite news |date=July 20, 2022 |title=SPS Commerce Acquires GCommerce |url=https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-gcommerce }}
- 2022: $49M acquisition of InterTrade{{Cite web|title=SPS Commerce acquires InterTrade|url=https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-intertrade-systems-inc#:~:text=Acquisition%20Details,million%2C%20net%20of%20cash%20acquired.|website=spscommerce.com|date=31 May 2024|access-date=31 May 2024}}
- 2023: €64.5M acquisition of TIE Kinetix{{Cite web|title=SPS Commerce acquires TIE Kinetix|url=https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquire-tie-kinetix#:~:text=Acquisition%20Details,million%2C%20net%20of%20cash%20acquired.|website=spscommerce.com|date=24 April 2024|access-date=24 April 2024}}
- 2024: $25M acquisition of Traverse Systems{{Cite web|title=SPS Commerce acquires Traverse Systems|url=https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-traverse-systems#:~:text=Acquisition%20Details,million%2C%20net%20of%20cash%20acquired.|website=spscommerce.com|date=31 May 2024|access-date=31 May 2024}}
- 2024: $206M acquisition of SupplyPike{{Cite web|title=SPS Commerce Acquires SupplyPike|url=https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-supplypike|website=spscommerce.com|date=1 Aug 2024|access-date=7 Aug 2024}}
- 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{{Cite web|title=SPS Commerce names Thingelstad chief technology officer|url=https://www.bizjournals.com/twincities/blog/in_private/2013/08/sps-commerce-names-thingelstad-chief.html|website=BizJournals.com|date=August 2013|access-date=31 December 2018}}
- 2015: SPS hired former Target Corp CIO Beth Jacob in an executive role.{{Cite web|last=Boulton|first=Clint|date=30 March 2015|title=Former Target CIO Beth Jacob lands at SPS Commerce|url=https://blogs.wsj.com/cio/2015/03/30/former-target-cio-beth-jacob-lands-at-sps-commerce/|website=Blogs.WSJ.com|publisher=Wall Street Journal}}{{Cite web|last=Kumar|first=Kavita|title=SPS Commerce hires former Target tech executive|url=http://www.startribune.com/sps-commerce-hires-former-target-tech-executive/297305821/|website=StarTribune.com|publisher=Minneapolis Star Tribune}}
- 2016: SPS hired Dan Juckniess as CRO{{Cite web|url=https://www.marketscreener.com/SPS-COMMERCE-INC-6151939/news/Dan-Juckniess-Joins-SPS-Commerce-as-Chief-Sales-Officer-21956530/|title=Dan Juckniess joins SPS Commerce as Chief Sales Officer|website=MarketCcreener.com|publisher=MarketScreener|access-date=31 December 2018}}
- 2019: SPS hired Mark O'Leary as CMO
- 2022: SPS hired Erica Koenig as CHRO
- 2025: SPS hired Mike Svatek as CPO
References
{{Reflist}}
{{Portal bar|Companies|Minnesota|Software}}
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Category:Software companies based in Minnesota
Category:Software companies based in Minneapolis
Category:Companies based in Minneapolis
Category:Supply chain software companies
Category:Companies listed on the Nasdaq