M&A Deal Summary

SPS Commerce Acquires Traverse Systems

On May 9, 2024, SPS Commerce acquired internet software and services company Traverse Systems for 29M USD

Acquisition Highlights
  • This is SPS Commerce’s 5th transaction in the Internet Software and Services sector.
  • This is SPS Commerce’s 3rd largest (disclosed) transaction.
  • This is SPS Commerce’s 7th transaction in the United States.
  • This is SPS Commerce’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-05-09
Target Traverse Systems
Sector Internet Software and Services
Buyer(s) SPS Commerce
Deal Type Add-on Acquisition
Deal Value 29M USD

Target

Traverse Systems

Sugar Land, Texas, United States
Traverse Systems is a SaaS platform that provides retailers and their merchandise suppliers a unified view of supply chain performance to improve collaboration and enhance the consumer experience. Traverse Systems was founded in 2000 and is based in Sugar Land, Texas.

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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 11 of 12
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 10 of 11
State (Texas) 1 of 1
Country (United States) 7 of 8
Year (2024) 2 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Vision33 - SAP B1 SPS Integration Technology

Irvine, California, United States

Vision33's SAP B1 SPS Integration Technology provides software services.

Buy -
FOLLOWING 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
Mergr

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