SPS Commerce is a leading provider of cloud-based supply chain management solutions, connecting over 120,000 companies globally1. The company specializes in Electronic Data Interchange (EDI) and other retail network services, helping businesses automate and optimize their supply chain operations.
Founded in 1987 as St. Paul Software, SPS Commerce has grown significantly over the years. The company rebranded to SPS Commerce in 2001 and went public in April 2010. It has enjoyed 94 consecutive quarters of growth, driven by both organic expansion and strategic acquisitions.
SPS Commerce has raised funding through several rounds, with notable investors including St. Paul Venture Capital and CID Equity Partners. The company went public with an IPO price of $12.00 per share, raising $49.2 million and achieving a valuation of $131.1 million. As of recent reports, SPS Commerce continues to show strong financial performance with consistent revenue growth.
SPS Commerce offers a comprehensive suite of solutions designed to streamline supply chain operations:
SPS Commerce has strategically acquired several companies to expand its product offerings and market reach. Recent acquisitions include:
SPS Commerce continually updates its platform to meet evolving market needs. Recent enhancements include expanded support for e-commerce platforms and marketplaces, allowing businesses to manage orders from multiple sales channels in a single solution. This integration simplifies order tracking, inventory management, and shipping processes.
SPS Commerce prides itself on a dynamic, people-powered culture. The company values diversity, equity, and inclusion, and emphasizes employee well-being and professional growth. SPS Commerce is committed to corporate social responsibility, supporting various community initiatives and environmental stewardship.
SPS Commerce serves a diverse user base across retail, grocery, distribution, and logistics sectors. The company’s solutions are designed to enhance collaboration among trading partners, improving supply chain efficiency and customer satisfaction. With over 120,000 connected companies, SPS Commerce fosters a robust community of users who benefit from its extensive network and expertise.
