SPS Commerce, Inc. completes acquisition of Traverse Systems to enhance supply chain optimization
Acquiring Company
SPS Commerce
Acquired Company
Traverse Systems
MinneapolisSugar LandInformation TechnologySoftwareE CommerceSupply Chain ManagementLogisticsSaaSDescription
SPS Commerce, Inc., a leader in retail supply chain cloud services, has acquired Traverse Systems, an industry leading SaaS platform. This acquisition expands SPS Commerce's product portfolio, allowing for improved collaboration and enhanced supply chain performance in the retail industry.
Quick answer
SPS Commerce is acquiring Traverse Systems, announced May 9, 2024. SPS Commerce is based in Minneapolis, Minnesota, United States.
- How much did SPS Commerce pay for Traverse Systems?
- The deal value was not disclosed.
- What does SPS Commerce do?
- SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners.
- Where are SPS Commerce and Traverse Systems based?
- SPS Commerce is based in Minneapolis, Minnesota, United States. Traverse Systems is based in Sugar Land, Texas, United States.
- Who are the decision-makers at SPS Commerce?
- Fundz holds 1 contact at SPS Commerce. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Once For All announces acquisition of Nalanda Global to enhance supply chain solutions (April 4, 2024)
- ShoulderUp Technology Acquisition finalizes $130M acquisition deal with SEE ID, $130M (March 25, 2024)
- ISH completes acquisition of Staff Squared to expand its HR software portfolio (June 18, 2024)
- Rehrig Pacific completes acquisition of QTEK Design to revolutionize logistics and material handling technologies (April 17, 2024)
- Powerfleet, Inc and MiX Telematics Limited Complete Business Combination to Create Global AIoT SaaS Provider (April 2, 2024)
Who to call at SPS Commerce, and when
When SPS Commerce changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day SPS Commerce raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SPS Commerce, from your own LinkedIn network
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Frequently asked
Who acquired Traverse Systems?
Traverse Systems was acquired by SPS Commerce, based in Minneapolis. The deal was reported on May 10, 2024. SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. SPS Commerce is publicly traded (SPSC) and operates in Information Technology.
When did SPS Commerce acquire Traverse Systems?
SPS Commerce's acquisition of Traverse Systems was reported on May 10, 2024. SPS Commerce, Inc., a leader in retail supply chain cloud services, has acquired Traverse Systems, an industry leading SaaS platform. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Traverse Systems do?
Traverse Systems is an industry leading SaaS platform that provides retailers and their merchandise suppliers a unified view of supply chain performance to improve collaboration and enhance the consumer experience. It is privately held, operating in E Commerce, and is based in Sugar Land.
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