SPS Commerce Acquires SupplyPike

Core Viewpoint - SPS Commerce has acquired SupplyPike, enhancing its product portfolio with automated invoice deduction management and prevention solutions [1][2] Acquisition Details - The acquisition cost approximately $119 million in cash and $87 million in SPS Commerce stock [4] - For Q3 2024, the acquisition is expected to contribute approximately $3.0 million in revenue, with an anticipated negative impact of about $750,000 on Adjusted EBITDA [4] - For fiscal year 2024, the company expects an additional $8.0 million in revenue and a negative impact of approximately $1.5 million on Adjusted EBITDA [5] - For fiscal year 2025, the expected revenue increase is approximately $25.0 million, with a breakeven in Adjusted EBITDA [5] Strategic Importance - The acquisition allows SPS Commerce to provide suppliers with tools to better meet retail customer expectations through automated monitoring, education, and dispute resolution [3] - The combination of SupplyPike and SPS Commerce aims to reduce supply chain errors and strengthen supplier-customer relationships [3] Company Background - SPS Commerce is a leader in retail supply chain cloud services, connecting over 120,000 companies globally [7] - The company has achieved 94 consecutive quarters of revenue growth and is headquartered in Minneapolis [7]