M&A Deal Summary

SPS Commerce Acquires Carbon6

On January 2, 2025, SPS Commerce acquired software company Carbon6 for 210M USD

Acquisition Highlights
  • This is SPS Commerce’s 6th transaction in the Software sector.
  • This is SPS Commerce’s largest (disclosed) transaction.
  • This is SPS Commerce’s 2nd transaction in Canada.
  • This is SPS Commerce’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2025-01-02
Target Carbon6
Sector Software
Buyer(s) SPS Commerce
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

Carbon6

Toronto, Ontario, Canada
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.

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Buyer(S) 1

Buyer

SPS Commerce

Minneapolis, Minnesota, United States

Category Company
Founded 1987
Sector Internet Software and Services
Employees2,489
Revenue 537M USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 13 of 13
Sector (Software) 6 of 6
Type (Add-on Acquisition) 12 of 12
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2025) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 SupplyPike

Rogers, Arkansas, United States

SupplyPike is an automated invoice deduction management and prevention solution provider designed to empower suppliers and help clients maximize their cash flow while preventing retailer fines. SupplyPike is based in Rogers, Arkansas.

Buy $119M