SPS Commerce - M&A Summary and Business Overview

Internet Software And ServicesCompany

SPS Commerce M&A Summary

SPS Commerce has acquired 10 companies, including 6 in the last 5 years.

SPS Commerce’s largest acquisition to date was in 2022, when it acquired InterTrade Systems for $49M. SPS Commerce has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include internet software and services (40%) and software (40%).

SPS Commerce Business Overview

Where is SPS Commerce headquartered?

SPS Commerce is headquartered in Minneapolis, Minnesota.

What is SPS Commerce’s revenue?

SPS Commerce disclosed revenue of 451M USD for 2022 and 385M USD for 2021.

How many employees does SPS Commerce have?

SPS Commerce has 2,215 employees.

What sector is SPS Commerce in?

SPS Commerce is an internet software and services company.

When was SPS Commerce founded?

SPS Commerce was founded in 1987 .

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

SPS Commerce

SPS Commerce, Inc.

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

SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. SPS delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. SPS Commerce was founded in 1987 and is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 4 - 1 2 2 1 10
vol $33M $17M $49M $99M
Sell (0.0/yr) # - - - - - - 0
  10

Most Recent M&A

Company Date Value Type
Vision33 - SAP B1 SPS Integration Technology 2024-04-10 - Divestiture
Irvine, California
The Order Exchange 2023-09-26 - Add-on Acquisition
, Australia
TIE Kinetix N.V. 2023-09-13 - Add-on Acquisition
Breukelen, Netherlands · www.tiekinetix.com
InterTrade Systems, Inc. 2022-10-05 49M USD Add-on Acquisition
Minneapolis, Minnesota · www.intertrade.com
GCommerce, Inc. 2022-07-20 - Add-on Acquisition
Des Moines, Iowa · www.gcommerceinc.com
Genius Central Systems, Inc. 2021-11-03 17M USD Add-on Acquisition
Bradenton, Florida · www.geniuscentral.com
ToolBox Solutions, Inc. 2016-01-06 18M USD Add-on Acquisition
Brampton, Ontario · www.toolboxsolutions.com
Leadtec Systems Australia Pty Ltd. 2014-10-13 15M USD Add-on Acquisition
Burwood East, Australia · www.leadtec.com.au
Edifice 2012-08-07 - Add-on Acquisition
, United States
Direct EDI, Inc. 2011-05-18 - Add-on Acquisition
San Diego, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 4 (40%) 15M (15%) - -
Software 4 (40%) 17M (17%) - -
Information Technology 2 (20%) 67M (68%) - -
Total 10 $99M - -

By Geo

State/Country Buy Value Sell Value
United States 6 66M - -
  California 2 - - -
  Minnesota 1 49M - -
  Iowa 1 - - -
  Florida 1 17M - -
Australia 2 15M - -
Canada 1 18M - -
  Ontario 1 18M - -
Netherlands 1 - - -
Domestic 6 (60%) 66M (66%) - -
Cross-border 4 (40%) 33M (34%) - -
Total 10 $99M - -

Top M&A Advisors

Financial Deals
Navidar Holdco LLC
 1

Deal Values

buy # Total
< $100M 4 $99M
TOTAL $99M
Largest InterTrade Systems, Inc.
$49M (2022-10-05)

M&A Connections

Deals
Acquired from
Strategic(s)
10%
1 (10%)

Company Summary

SECTOR

Internet Software and Services

Revenue

451   18% 2022
385   24% 2021
313   13% 2020
279   13% 2019
248   13% 2018
221   15% 2017
193   22% 2016
159   25% 2015
128   24% 2014
104   36% 2013
77   2012
(millions of USD) Show More Show Less

Employees

2,215

Established

1987

Public

NASDAQ: SPSC

Former Name

St. Paul Software, Inc.

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