SPS Commerce





















































SPS Commerce, Inc.
Type
 Public
Traded as
NASDAQ: SPSC
S&P 600 Component
Industry Technology – application software
Founded 1987
Founder Gary W Anderson[citation needed]
Headquarters
Minneapolis, Minnesota
,
United States
Key people
Archie C. Black (CEO, President, Director)[1]

Kimberly K. Nelson [2]
(Chief Financial Officer, and Principal Accounting Officer)

James J. Frome
(Chief Operating Officer)


Jamie Thingelstad [3]
(Chief Technology Officer)
Services
Supply chain management solutions, EDI
Revenue
$ 220.6M (2017) [4]
Number of employees
 1,217 (2018) [5]
Website www.spscommerce.com

SPS Commerce is a corporation 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 Beijing, Hong Kong, Sydney, Melbourne, Toronto, and Kiev.[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]




Contents






  • 1 History


  • 2 Products and services


  • 3 References


  • 4 External links





History


The company was founded in 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 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 71 consecutive quarters of growth, most of which has been organic. They do acquire companies in their space where it makes sense, notably:


- 2001: acquired San Diego-based EDI services company Direct EDI for $10.9M, 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, a supply chain solutions provider headquartered in Melbourne, Australia.[19]


- 2016: $23M acquisition of ToolBox Solutions [20]


- 2018: $23M acquisition of CovalentWorks [21]


In addition to acquiring companies, SPS has been busy acquiring executives to newly created roles to expand the executive team and help drive the company forward


- 2013: SPS hired former Dow Jones CTO Jamie Thingelstad to be CTO [22]


- 2015: SPS hired former Target Corp CIO Beth Jacob in an executive role.[23][24]


- 2016: SPS hired Dan Juckniess as CRO [25]



Products and services


SPS Commerce applications facilitate supply chain automation, electronic communication and data analytics.[26] Specific product offerings include Trading Partner Fulfillment, Assortment, and Analytics, as well as bar code labeling and Scan & Pack solutions.[27]



References





  1. ^ "Executive Profile, Archie C Black". Bloomberg. Retrieved 23 September 2015..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "Executive Profile, Kimberly K Nelson". Bloomberg. Retrieved 23 September 2015.


  3. ^ Thingelstad, Jamie (21 Nov 2013). "Meet a Minnesota CTO: Jamie Thingelstad" (Interview). Interviewed by TECHdotMN. Minneapolis. Retrieved 23 September 2015.


  4. ^ "SPS Commerce Reports Fourth Quarter and Full Year 2017 Financial Results" (Press release). Minneapolis. 6 February 2018. Retrieved 2018-06-13.


  5. ^ "Company Info, SPS Commerce Inc". Wall Street Journal. Retrieved 15 January 2018.


  6. ^ Grayson, Katharine. "Now public, SPS Commerce plans to keep hiring". Minneapolis/St. Paul Business Journal. Retrieved 12 March 2014.


  7. ^ Willard, Elizabeth. "No. 3 medium company: SPS Commerce Inc". Minneapolis/St. Paul Business Journal. Retrieved 12 March 2014.


  8. ^ "SPS Commerce positioning retail supply-chain software for global presence". The Line Media. Retrieved 23 September 2015.


  9. ^ "SPS Commerce lands at No. 1 on Top Workplaces list of large companies". Minneapolis Star Tribune. Retrieved 23 September 2015.


  10. ^ "Digital River's exit leaves just one software company on MN's Top 100 Public List". Minneapolis St Paul Business Journal. Retrieved 23 September 2015.


  11. ^ "Company Profile SPS Commerce". Inc. Magazine. Retrieved 12 March 2014.


  12. ^ "Profile SPS Commerce, Inc". Yahoo Finance. Retrieved 12 March 2014.


  13. ^ "SPS Solutions Joins TIE Commerce; SPS Solutions Expands Its B2B Product and Service Offerings" (Press release). St. Paul Minnesota. PR News Wire. 2000-04-18. Retrieved 2015-09-28.


  14. ^ Reilly, Mark. "SPS Commerce Raises Another $10M to Expand". Minneapolis/St. Paul Business Journal. Retrieved 12 March 2014.


  15. ^ "SPS Commerce Inc (SPSC:NASDAQ GS)". BusinessWeek. Retrieved 12 March 2014.


  16. ^ Pimentel, Benjamin. "Three tech firms debut in busy IPO day". MarketWatch. Retrieved 12 March 2014.


  17. ^ "Logistics technology: SPS Commerce acquires Direct EDI". Logistics Management. Retrieved 23 September 2015.


  18. ^ "SPS Commerce acquires business data service Edifice for $26 million". Pioneer Press. Retrieved 23 September 2015.


  19. ^ Spencer, Leon. "Australia's Leadtec snapped up in $14.9m SPS Commerce deal". ZDNet. Retrieved 23 September 2015.


  20. ^ "SPS Commerce buys Canadian data analytics firm ToolBox Solutions". Star Tribune. Retrieved 2018-12-31.


  21. ^ www.bizjournals.com https://www.bizjournals.com/twincities/news/2018/12/19/sps-commerce-snaps-up-texas-tech-company-for-23m.html. Retrieved 2018-12-31. Missing or empty |title= (help)


  22. ^ www.bizjournals.com https://www.bizjournals.com/twincities/blog/in_private/2013/08/sps-commerce-names-thingelstad-chief.html. Retrieved 2018-12-31. Missing or empty |title= (help)


  23. ^ Boulton, Clint. "Former Target CIO Beth Jacob Lands at SPS Commerce". Wall Street Journal.


  24. ^ Kumar, Kavita. "SPS Commerce hires former Target tech executive". Minneapolis Star Tribune.


  25. ^ MarketScreener. "Dan Juckniess Joins SPS Commerce as Chief Sales Officer | MarketScreener". www.marketscreener.com. Retrieved 2018-12-31.


  26. ^ "Profile: SPS Commerce Inc (SPSC.O)". Reuters. Retrieved 12 March 2014.


  27. ^ "SPS Commerce Inc (SPSC) Snapshot". Bloomberg.




External links


  • Official website



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