MINNEAPOLIS - SPS Commerce , Inc. (NASDAQ: NASDAQ:SPSC), a leading provider of cloud-based supply chain management solutions, has announced the acquisition of SAP B1 SPS Integration Technology from Vision33. This acquisition is aimed at enhancing SPS Commerce's offerings in Electronic Data Integration (EDI) and system automation for suppliers and trading partners in the retail space.
Chad Collins, CEO of SPS Commerce, emphasized the importance of building a resilient supply chain through automation in today's complex business environment. The acquisition is expected to provide SPS and Vision33 customers with advanced retail management expertise and system capabilities to drive automation across their business processes.
SPS Commerce's customers are part of the World’s Retail Network, which offers access to a broad trading community of over 120,000 partners in more than 80 countries. The network provides superior integration with leading accounting/ERP, e-commerce, warehouse management, and packing and shipping applications. Additionally, it offers expanded capabilities for global supply chain connectivity, including third-party logistics providers, international sourcing companies, and factories.
The company also provides access to a wide range of technology companies and consulting firms to support businesses in their growth and development. Collins noted that both SPS Commerce and Vision33 are committed to delivering a full-service customer experience that includes cutting-edge technology and industry expertise.
SPS Commerce has a strong track record of growth, with 92 consecutive quarters of revenue growth. The company serves a diverse range of industries, including retail, grocery, distribution, supply, and logistics. It is headquartered in Minneapolis and prides itself on being the world's leading retail network.
The information in this article is based on a press release.
InvestingPro Insights
In the wake of SPS Commerce's recent acquisition, investors and industry analysts are closely monitoring the company's financial health and market position. According to InvestingPro data, SPS Commerce (NASDAQ: SPSC) holds a market capitalization of approximately $6.66 billion. The company's commitment to innovation and growth is reflected in its revenue, which reached $536.91 million over the last twelve months as of Q4 2023, marking a robust growth of 19.08%. This performance underscores the company's ability to expand its services and offerings in the competitive cloud-based supply chain management sector.
InvestingPro Tips highlight that SPS Commerce is trading at a high earnings multiple, with a P/E ratio of 99.29, and an adjusted P/E ratio for the last twelve months as of Q4 2023 at 101.18. This indicates that investors are willing to pay a premium for the company's shares, possibly due to expectations of future earnings growth and the strategic acquisitions like that of SAP B1 SPS Integration Technology. Additionally, SPS Commerce's liquid assets exceed its short-term obligations, which is a strong indicator of the company's financial resilience and ability to invest in growth opportunities.
For investors seeking more in-depth analysis and additional InvestingPro Tips, which include insights on valuation multiples and profitability predictions, visiting the dedicated InvestingPro page for SPS Commerce at https://www.investing.com/pro/SPSC is recommended. There are 13 additional tips available, providing a comprehensive view of the company's financial health and market prospects. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing your investment research with valuable data and insights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.