Minneapolis-based SPS Commerce makes second $200M acquisition in six months
Summary
Minneapolis-based SPS Commerce made its second multimillion-dollar acquisition within six months, announcing on Friday its $210 million purchase of a company that provides software tools to Amazon sellers. “SPS is committed to helping our customers operate efficient supply chains with their retail partners,” company CEO Chad Collins said during a call with investors Thursday afternoon. “The addition of Carbon6’s solutions builds on SPS’s acquisition of SupplyPike, expanding our revenue recovery portfolio with increased support for Amazon sellers.” The acquisition comes amid a period of growth for SPS, which referred to itself in the news release as “the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations.” The company has seen its annual revenue roughly double since the start of the pandemic, and its stock price has increased about 230% over the past five years. Collins told investors that Carbon6 helps first-party Amazon sellers manage invoice deductions by automating the dispute process. It also helps third-party sellers recover revenue losses from fulfillment errors, he said.
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