SPS Commerce

SPS Commerce, Inc.
Company type	Public
Traded as	Nasdaq: SPSC; S&P 600 Component
Industry	Technology – application software
Founded	1987; 38 years ago
Founder	Gary W Anderson[citation needed]
Headquarters	Minneapolis, Minnesota, United States
Key people	Chad Collins (CEO; executive chairman); Kimberly K. Nelson; (Chief Financial Officer, and Principal Accounting Officer); Jamie Thingelstad (CTO); Dan Juckniess (EVP) \| (CRO) Mike Svatek (CPO) Erica Koenig (SVP) \| (CHRO)
Services	Supply chain management solutions,[buzzword] EDI
Revenue	$536.9 million (2023)
Number of employees	2,489 (2023)
Website	www.spscommerce.com

SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software to retailers, suppliers, third-party logistics providers and partners.^[6] The company's headquarters are located in Minneapolis, Minnesota,^[7] but also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.^[8] In 2015, the Minneapolis Star Tribune reported that SPS Commerce was ranked by WorkplaceDynamics as the best large workplace in Minnesota.^[9] SPS was also ranked among the top 10 fastest growing publicly traded companies in Minnesota in 2014.^[10]

History

The company was founded in 1987; 38 years ago (1987),^[11] under the name St. Paul Software.^[12] In 2000, the company sold its software business to Netherlands-based TIE Commerce.^[13] After the sale, the company primarily offered internet-based business-to-business (B2B) exchanges for retailers and manufacturers.^[14] St. Paul Software was renamed SPS Commerce in May 2001.^[15] SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market.^[16] SPS has enjoyed 96 consecutive quarters of growth, most of which has been organic. They acquire companies where it makes sense, notably:

2011: acquired San Diego–based EDI services company Direct EDI for $10.9 million, adding 40 employees in a San Diego office and a development group in Ukraine.^[17]
2012: purchased New Jersey–based data analytics firm Edifice for $26M^[18]
2014: $14.9M acquisition of LeadTec, an EDI provider headquartered in Melbourne, Australia.^[19]
2016: $23M acquisition of ToolBox Solutions ^[20]
2018: $23M acquisition of CovalentWorks^[21]
2019: $11.5M acquisition of long-term technology partner MAPADOC^{[citation needed]}
2020: $100M acquisition of Data Masons^[22]
2021: $17M acquisition of Genius Central^{[citation needed]}^[23]
2022: $45M acquisition of GCommerce^{[citation needed]}^[24]
2022: $49M acquisition of InterTrade^[25]
2023: €64.5M acquisition of TIE Kinetix^[26]
2024: $25M acquisition of Traverse Systems^[27]
2024: $206M acquisition of SupplyPike^[28]
2025: $210M acquisition of Carbon6

In addition to acquiring companies, SPS has been acquiring executives to newly created roles to expand the executive team:

2013: SPS hired former Dow Jones CTO Jamie Thingelstad to be CTO^[29]
2015: SPS hired former Target Corp CIO Beth Jacob in an executive role.^[30]^[31]
2016: SPS hired Dan Juckniess as CRO^[32]
2019: SPS hired Mark O'Leary as CMO
2022: SPS hired Erica Koenig as CHRO
2025: SPS hired Mike Svatek as CPO
2025: SPS hired Maria Pergolino as CMO