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SPS Commerce

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SPS Commerce, Inc.
Company typePublic
Nasdaq: SPSC
S&P 600 Component
IndustryTechnology – application software
Founded1987
FounderGary 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)
ServicesSupply chain management solutions, EDI
Revenue$ 220.6M (2017) [4]
Number of employees
1,217 (2018) [5]
Websitewww.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 it also has US offices in San Diego and New Jersey, and international locations in Beijing, Hong Kong, Sydney, Melbourne, London, 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]

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] Soon after, the company 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] SPS continued to expand its operations in 2012 with the purchase of New Jersey-based data analytics firm Edifice,[18] and in 2014 with the $14.9m acquisition of LeadTec, a supply chain solutions provider headquartered in Melbourne, Australia.[19] In 2015, SPS hired former Target Corp CIO Beth Jacob in an executive role.[20][21]

Products and services

SPS Commerce applications facilitate supply chain automation, electronic communication and data analytics.[22] Specific product offerings include Trading Partner Fulfillment, Assortment, and Analytics, as well as bar code labeling and Scan & Pack solutions.[23]

References

  1. ^ "Executive Profile, Archie C Black". Bloomberg. Retrieved 23 September 2015.
  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. {{cite press release}}: Check |url= value (help)
  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. ^ Boulton, Clint. "Former Target CIO Beth Jacob Lands at SPS Commerce". Wall Street Journal.
  21. ^ Kumar, Kavita. "SPS Commerce hires former Target tech executive". Minneapolis Star Tribune.
  22. ^ "Profile: SPS Commerce Inc (SPSC.O)". Reuters. Retrieved 12 March 2014.
  23. ^ "SPS Commerce Inc (SPSC) Snapshot". Bloomberg.
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