SPS Commerce

SPS Commerce is a public corporation based in the United States that provides cloud-based supply chain management software to retailers, suppliers, third-party logistics providers and partners.[11] To date, more than 95,000 companies in retail, distribution, grocery and e-commerce have chosen SPS as their retail network.[12] The company's headquarters are located in Minneapolis, Minnesota.[13] SPS has an additional U.S. office in New Jersey, and international locations in Beijing, Hong Kong, Sydney, Melbourne, Toronto, Amsterdam and Kiev.[14] In 2020, SPS won numerous industry awards including Best in Biz - B2B Company of the Year,[15] Twin Cities Largest SaaS Company from The Business Journal[16] and Best in Category (EDI) from G2 Crowd.[17]

SPS Commerce, Inc.
TypePublic
Nasdaq: SPSC
S&P 600 Component
IndustryTechnology – application software
Founded1987
FounderGary W Anderson
Headquarters
Minneapolis, Minnesota
,
United States
Key people
Archie C. Black
(CEO, President, Director)[1]

Kim Nelson
(Executive Vice President, and Chief Financial Officer)[2]

James Frome
(Executive Vice President and Chief Operating Officer)[3]

Jamie Thingelstad
(Senior Vice President and Chief Technology Officer)[4]

Dan Juckniess
(Senior Vice President and Chief Sales Officer)[5]

Karin Lucas
(Senior Vice President and Chief Customer Success Officer)[6]

Mark O'Leary
(Senior Vice President and Chief Marketing Officer)[7]

Lynn Myhran
(Chief Administrative Officer and Chief Human Resources Officer)[8]
ServicesSupply chain management solutions, EDI
Revenue$ 312.6M (2020) [9]
Number of employees
1,572 (2020) [10]
Websitewww.spscommerce.com

History

The company was founded in 1987[18] under the name St. Paul Software.[19] In 2000, the company sold its software business to Netherlands-based TIE Commerce.[20] After the sale, the company primarily offered Internet-based business-to-business exchanges for retailers and manufacturers.[21] St. Paul Software was renamed SPS Commerce in May 2001.[22] SPS Commerce went public in April 2010 when it debuted on the NASDAQ global market.[23] SPS has enjoyed 80 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.[24]

- 2012: purchased New Jersey-based data analytics firm Edifice for $26M[25]

- 2014: $14.9M acquisition of LeadTec, an EDI provider headquartered in Melbourne, Australia.[26]

- 2016: $23M acquisition of ToolBox Solutions [27]

- 2018: $23M acquisition of CovalentWorks [28]

- 2019: $11.5M acquisition of long-term technology partner MAPADOC

- 2020: $100M acquisition of Data Masons [29]

In addition to acquiring companies, SPS has appointed 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 as Chief Technology Officer. [30]

- 2016: SPS hired Dan Juckniess as Chief Sales Officer.[31]

- 2018: SPS hired Karin Lucas as Chief Customer Success Officer.[32]

- 2019: SPS hired Mark O'Leary as Chief Marketing Officer.[33]

- 2020: SPS hired Lynn Myhran as Chief Human Resources Officer.[34]

Products and services

SPS Commerce, Inc. provides a range of solutions that optimize supply chain operations for all trading partners.

Fulfillment (EDI)

SPS Commerce Fulfillment (EDI) is a full-service EDI solution that simplifies the process of managing and fulfilling orders. Full-service EDI solutions include EDI technology and associated staffing resources responsible for customizing, optimizing and operating your EDI solution. The service integrates with 250+ business systems, such as ERP and WMS systems.

Analytics

SPS Commerce Analytics is a point-of-sale analysis solution that gathers, cleanses and analyzes sales and inventory data across multiple retail customers to inform decision-making.

Assortment

SPS Commerce Assortment streamlines how suppliers manage and share product data with their retail customers.

Community

SPS Commerce Community helps buying organizations get the data they need from suppliers to improve supply chain collaboration and create an efficient replenishment order process.

Culture

SPS Commerce has been widely recognized for its employee-centered culture,[35] and commitment to diversity, equity and inclusion.[36] As part of its strategic initiative to reduce systemic racism, the company supports many education and internship programs for students of color.[37] In addition, CEO Archie Black is a Racial Justice Initiative Fellow at the University of St. Thomas.[38]

References
  1. "Executive Profile, Archie C Black".
  2. "Chief Financial Officer, Kim Nelson".
  3. "Chief Operating Officer, Jim Frome".
  4. "Chief Technology Officer, Jamie Thingelstad".
  5. "Chief Sales Officer, Dan Juckniess".
  6. "Chief Customer Success Officer, Karin Lucas".
  7. "Chief Marketing Officer, Mark O'Leary".
  8. "Chief Administrative Officer, Lynn Myhran".
  9. "SPS Commerce Reports Fourth Quarter and Full Year 2019 Financial Results" (Press release). Minneapolis. 13 February 2020. Retrieved 2020-12-14.
  10. "Company Info, SPS Commerce Inc". Wall Street Journal. Retrieved 2020-12-14.
  11. Grayson, Katharine. "Now public, SPS Commerce plans to keep hiring". Minneapolis/St. Paul Business Journal. Retrieved 12 March 2014.
  12. "SPS Commerce Reports Fourth Quarter and Full Year 2020 Financial Results | SPS Commerce, Inc". investors.spscommerce.com. Retrieved 2021-03-10.
  13. Willard, Elizabeth. "No. 3 medium company: SPS Commerce Inc". Minneapolis/St. Paul Business Journal. Retrieved 12 March 2014.
  14. "SPS Commerce positioning retail supply-chain software for global presence". The Line Media. Retrieved 23 September 2015.
  15. "Best in Biz Awards". www.bestinbizawards.com. Retrieved 2021-03-10.
  16. "Twin Cities Largest SaaS Company". www.bizjournals.com. Retrieved 2021-03-10.
  17. "Best Electronic Data Interchange (EDI) software".
  18. "Company Profile SPS Commerce". Inc. Magazine. Retrieved 12 March 2014.
  19. "Profile SPS Commerce, Inc". Yahoo Finance. Retrieved 12 March 2014.
  20. "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.
  21. Reilly, Mark. "SPS Commerce Raises Another $10M to Expand". Minneapolis/St. Paul Business Journal. Retrieved 12 March 2014.
  22. "SPS Commerce Inc (SPSC:NASDAQ GS)". BusinessWeek. Retrieved 12 March 2014.
  23. Pimentel, Benjamin. "Three tech firms debut in busy IPO day". MarketWatch. Retrieved 12 March 2014.
  24. "Logistics technology: SPS Commerce acquires Direct EDI". Logistics Management. Retrieved 23 September 2015.
  25. "SPS Commerce acquires business data service Edifice for $26 million". Pioneer Press. Retrieved 23 September 2015.
  26. Spencer, Leon. "Australia's Leadtec snapped up in $14.9m SPS Commerce deal". ZDNet. Retrieved 23 September 2015.
  27. "SPS Commerce buys Canadian data analytics firm ToolBox Solutions". Star Tribune. Retrieved 2018-12-31.
  28. "SPS Commerce snaps up Texas tech company for $23M". www.bizjournals.com. Retrieved 2018-12-31.
  29. "SPS Commerce Acquires Data Masons". www.globenewswire.com. Retrieved 2020-12-17.
  30. "SPS Commerce names Thingelstad chief technology officer". www.bizjournals.com. Retrieved 2018-12-31.
  31. MarketScreener. "Dan Juckniess Joins SPS Commerce as Chief Sales Officer | MarketScreener". www.marketscreener.com. Retrieved 2018-12-31.
  32. "Management | SPS Commerce, Inc". investors.spscommerce.com. Retrieved 2021-03-11.
  33. "Management | SPS Commerce, Inc". investors.spscommerce.com. Retrieved 2021-03-11.
  34. "Management | SPS Commerce, Inc". investors.spscommerce.com. Retrieved 2021-03-11.
  35. "Twin Cities Business Journal". www.bizjournals.com. Retrieved 2021-03-10.
  36. Curry, Sheree (2021-02-26). "Education, Diversity: Personal Passions for Trustee Archie Black". St. Thomas Newsroom. Retrieved 2021-03-10.
  37. "How a St. Thomas professor helps execs learn 'historical recovery'". Star Tribune. Retrieved 2021-03-10.
  38. Tjornehoj ’22, Jamie; Skogr, Brant; Mbc, ’04 (2020-11-09). "Five Observations: First Friday with Archie Black". St. Thomas Newsroom. Retrieved 2021-03-10.CS1 maint: numeric names: authors list (link)
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