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SPS BUYS RETAIL PLATFORM Featured

SPS Commerce has acquired Traverse Systems, which provides scorecard and vendor performance management applications.

The deal is for about $25 million in cash and $4.3 in SPS Commerce stock. SPS said the deal will add about $600,000 in revenue and cut $200,000 in EBITdA for the second quarter ending June 30 and about $2.9 million for 2024 and break-even EBITDA. For 2025, it expected to add approximately $5 million an d$1.5 million EBITDA. In a prepared statement, Greg Holder, Traverse co-founder and CEO, said,  “We believe by combining Traverse Systems’ unique product offering with the SPS Commerce retail network, we can better enable retailers and their trading partners to seamlessly and effectively co-operate to meet consumer demand, reduce inefficiencies, and increase revenue,” SPS reported revenue of $536.9 million for the year ended December 31, an increase of 19.1 percent from $450.9 million for 2022.                        

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