SPS Commerce Mergers & Acquisitions

SPS Commerce M&A Summary

SPS Commerce has acquired 13 companies, including 9 in the last 5 years.

SPS Commerce’s largest acquisition to date was in 2025, when it acquired Carbon6 Technologies for $210M. SPS Commerce has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include software (47%) and internet software and services (39%).

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 1

SPS Commerce

SPS Commerce, Inc.

333 South Seventh Street, Suite 1000,
Minneapolis, Minnesota 55402
United States,
(612) 435-9400
www.spscommerce.com

All (13) Buy (13) Sell (-)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2025-01-02 Carbon6 · Software
Toronto, Ontario · www.carbon6.io

Carbon6 provides a suite of solutions and a community to support e-commerce sellers, removing the barriers to selling online. The company’s software and training programs help entrepreneurs succeed, removing the barriers to selling online by providing innovative technology, services, and community - everything an entrepreneur needs to start, scale, and optimize an online business. Carbon6 was formed in 2021 and is based in Toronto, Ontario.

210 Add-on Acquisition

SPS Commerce

-

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