SPS Commerce is a corporation based in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., federal district, five ma ...

that provides

cloud-based Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

supply chain management software Supply-chain-management software (SCMS) is the software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes. Supply chain management maximizes the efficiency of ...

to retailers, suppliers,

third-party logistics Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization's use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services. Third-party logisti ...

providers and partners. The company's headquarters are located in

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with list of lakes in Minneapolis, thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. ...

Minnesota Minnesota () is a state in the upper midwestern region of the United States. It is the 12th largest U.S. state in area and the List of U.S. states and territories by population, 22nd most populous, with over 5.75 million residents. Minne ...

, but also has a US office in

New Jersey New Jersey is a U.S. state, state in the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. It is bordered on the north and east by the state of New York (state), New York; on the ea ...

, and international locations in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

, Sydney,

Melbourne Melbourne ( ; Boonwurrung/ Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a me ...

Toronto Toronto ( ; or ) is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the List of the largest municipalities in Canada by population, most pop ...

, and

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper, Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the List of European cities by populat ...

. In 2015, the

Minneapolis Star Tribune The ''Star Tribune'' is the largest newspaper in Minnesota. It originated as the ''Minneapolis Tribune'' in 1867 and the competing ''Minneapolis Daily Star'' in 1920. During the 1930s and 1940s, Minneapolis's competing newspapers were consolida ...

reported that SPS Commerce was ranked by WorkplaceDynamics as the best large workplace in Minnesota. SPS was also ranked among the top 10 fastest growing publicly traded companies in Minnesota in 2014.

History

The company was founded in 1987 under the name St. Paul Software. In 2000, the company sold its software business to

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

-based TIE Commerce. After the sale, the company primarily offered Internet-based

business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...

exchanges for retailers and manufacturers. St. Paul Software was renamed SPS Commerce in May 2001. SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market. SPS has enjoyed 79 consecutive quarters of growth, most of which has been organic. They do acquire companies in their space where it makes sense, notably: - 2011: 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 Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invas ...

. - 2012: purchased New Jersey-based data analytics firm Edifice for $26M - 2014: $14.9M acquisition of LeadTec, an EDI provider headquartered in

, Australia. - 2016: $23M acquisition of ToolBox Solutions - 2018: $23M acquisition of CovalentWorks - 2019: $11.5M acquisition of long-term technology partner MAPADOC - 2020: $100M acquisition of Data Masons - 2021: $17M acquisition of Genius Central - 2022: $45M acquisition of GCommerce - 2022: $49M acquisition of InterTrade 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 - 2015: SPS hired former

Target Corp Target Corporation (doing business as Target and stylized in all lowercase since 2018) is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a compon ...

CIO Beth Jacob in an executive role. - 2016: SPS hired Dan Juckniess as CRO

References

{{reflist Software companies based in Minnesota Software companies based in Minneapolis Companies based in Minneapolis Supply chain software companies Companies listed on the Nasdaq Companies established in 1987 Software companies of the United States