SPS Commerce Completes Acquisition of Carbon6 Technologies

Rhea-AI Summary

SPS Commerce (NASDAQ: SPSC) has announced the completion of its acquisition of Carbon6 Technologies, a company specializing in software tools for Amazon sellers. Carbon6's expertise lies in revenue recovery solutions for both first-party (1P) and third-party (3P) suppliers on Amazon's platform.

The strategic acquisition positions SPS Commerce to strengthen its presence in the revenue recovery sector, with CEO Chad Collins expressing enthusiasm about the merger and its potential to deliver enhanced solutions for Amazon sellers.

Positive

• Strategic expansion into Amazon seller solutions market
• Enhancement of revenue recovery capabilities for both 1P and 3P suppliers
• Strengthening market position in emerging revenue recovery category

Negative

• None.

MINNEAPOLIS, Feb. 07, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced it has completed the acquisition of Carbon6 Technologies, Inc. (Carbon6), a provider of software tools to Amazon sellers, including specialized offerings for revenue recovery for both first-party (1P) and third-party (3P) suppliers.

“We are very excited to welcome Carbon6 employees and customers to SPS Commerce,” said Chad Collins, CEO of SPS Commerce. “Together, we believe we will deliver unmatched solutions for first-party and third-party sellers and establish SPS as a leading provider in the emerging category of revenue recovery.”

About SPS Commerce

SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 45,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS has achieved 95 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.

Forward-Looking Statements

This press release contains forward-looking statements, including information about management's view of SPS Commerce's future expectations, plans and prospects, including our views regarding financial performance expectations, future execution within our business, and the opportunity we see in the retail supply chain world within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce's Annual Report on Form 10-K for the year ended December 31, 2023, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce's future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
Lisa Laukkanen
SPSC@blueshirtgroup.com
415-217-4962

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FAQ

What is the strategic importance of SPS Commerce's Carbon6 acquisition?

The acquisition strengthens SPS Commerce's position in the revenue recovery sector and expands its capabilities to serve Amazon sellers with specialized tools for both first-party and third-party suppliers.

How will the Carbon6 acquisition affect SPSC's service offerings?

The acquisition will enhance SPS Commerce's ability to provide revenue recovery solutions and software tools specifically designed for Amazon sellers, including both 1P and 3P suppliers.

What new capabilities does Carbon6 bring to SPS Commerce (SPSC)?

Carbon6 brings specialized software tools for Amazon sellers and expertise in revenue recovery solutions for both first-party (1P) and third-party (3P) suppliers.

What market segment is SPSC targeting with the Carbon6 acquisition?

SPSC is targeting the emerging category of revenue recovery, specifically focusing on Amazon sellers and suppliers in both first-party and third-party segments.