SPS Commerce, Inc. Strengths, Domain Expertise, and Key Differentiators
With a sustained history of growth, SPS Commerce has played a pivotal role in streamlining the supply chain operations for numerous retail and consumer packaged goods (CPG) companies. This accomplishment is attributed to the establishment of a vast ecosystem comprising tens of thousands of suppliers, trading partners, and sellers.
SPS has extended its influence in the eCommerce realm by capitalizing on its Electronic Data Interchange (EDI) expertise and harnessing the latest advancements in Cloud computing to drive widespread adoption. The scale of this network facilitates the generation of substantial data volumes, enabling sophisticated analytics. As a result, SPS Commerce has achieved uninterrupted revenue growth, marked by consecutive quarterly sales increases spanning over 14 years.
In response to evolving needs, SPS Commerce introduced SPS Commerce Fulfillment, a solution designed to overcome the constraints of legacy systems and EDI. This innovative fulfillment solution empowers the retail industry to optimize its omnichannel strategies, placing a strong emphasis on profitability and sustained growth.
SPS Commerce, Inc. Recent Developments
In May 2025, SPS Commerce launched the Manufacturing Supply Chain Performance Suite, expanding its offerings to the manufacturing sector. The release supports the company’s focus on supply chain solutions across industry sectors.
In January 2025, the company released the Fulfillment Connector for SAP S/4HANA, designed to increase ERP integration and improve fulfillment processes.
SPS Commerce, Inc. Mergers and Acquisitions (M&A) Activities
SPS Commerce has expanded its e-commerce and supply chain capabilities through a series of acquisitions. These include Carbon6 Technologies, which provides AI-enabled tools for Amazon sellers; SupplyPike, offering automated invoice deduction management for Walmart suppliers; TIE Kinetix, a European digital supply chain provider specializing in EDI and e-invoicing; The Order Exchange, an EDI and automation expert and strategic partner; GCommerce, focusing on the automotive aftermarket with extensive trading network access; Genius Central, a software provider for the natural and organic foods sector; and Data Masons, an EDI solutions provider serving various industries and Microsoft users. These acquisitions have collectively enhanced SPS Commerce’s portfolio and trading network reach.
SPS Commerce, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SPS Commerce, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SPS Commerce, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SPS Commerce Fulfillment, SPS Analytics customers.
SPS Commerce, Inc. Overview
333 South Seventh Street Suite 1000
Minneapolis, MN, 55402, United States
1 612-435-9400
https://www.spscommerce.com/
Ownership: - NASDAQ : SPSC
Number of Employees: 2783
Functional Markets: ERP Services and Operations, Procurement, SCM,
Key Verticals: CPG, Distribution, Manufacturing, Retail, Transportation,
SPS Commerce, Inc. Key Enterprise and Cloud Applications
SPS Commerce Fulfillment, SPS Analytics
SPS Commerce, Inc. Revenues, $M:
Type/Year | 2023 | 2024 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SPS Commerce, Inc. Revenue Breakdown By Type, $M:
SPS Commerce, Inc. Enterprise Applications Revenues By Functional Markets, $M:
SPS Commerce, Inc. Enterprise Applications Revenues By Verticals, $M:
SPS Commerce, Inc. Revenues By Region, $M
Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe | Subscribe |
SPS Commerce, Inc. Direct vs Indirect sales
Type | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
SPS Commerce, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SPS Commerce, Inc. Customers
No. of SPS Commerce, Inc. Customers: 120000
No. of SPS Commerce, Inc. Enterprise Applications Customers: 45350
No. of SPS Commerce, Inc. Cloud Customers: 45350
No. of SPS Commerce, Inc. Cloud Subscribers: x
As of 2025, SPS Commerce serves over 120,000 customers globally, primarily small- to mid-sized suppliers in the consumer packaged goods sector, alongside retailers, grocers, distributors, and third-party logistics providers. Notable clients include Costco, Target, Home Depot, Mars, General Mills, and Under Armour, with the February 2025 Carbon6 acquisition adding 8,500 Amazon sellers. North America drives 83% of revenue, with a growing European presence via TIE Kinetix and Asia-Pacific.
SPS Commerce, Inc. Market Opportunities, M&A and Geo Expansions
SPS Commerce is expanding its market reach into manufacturing with the launch of the Manufacturing Supply Chain Performance Suite and into healthcare through digital supply chain solutions, while also targeting growth in Europe via TIE Kinetix and in the Asia-Pacific region through increased e-commerce activity. The company leverages cloud, IoT, and generative AI technologies to enhance omnichannel retail capabilities. Leadership transitioned with Chad Collins appointed as CEO, succeeding Archie Black, who became Executive Chair of the Board. Additionally, SPS Commerce Fulfillment is available on the Oracle Cloud Marketplace, integrating with Oracle Fusion Cloud Supply Chain & Manufacturing to provide a comprehensive EDI solution supporting omnichannel retail connectivity.
SPS Commerce, Inc. Risks and Challenges
In a swiftly consolidating market, SPS faces formidable competition, especially with GXS integrating into OpenText and IBM acquiring additional commerce software companies, including Sterling Commerce. The competitors, now supported by major platform vendors, possess the capability to cross-sell and upsell supplementary products within their established customer base, potentially posing a threat to SPS.
A more immediate challenge lies in assessing whether SPS should venture into expanding its presence in other countries by acquiring eMarketplaces. This strategic move could serve as a countermeasure against any potential downturn in its North American operations, which have consistently contributed to 98% of its revenues over the past three years.
SPS Commerce, Inc. Ecosystem, Partners, Resellers and SI
SPS Commerce’s ecosystem includes over 400 partners, such as SAP, Oracle, and NetSuite, driving indirect sales and seamless integrations like the SAP S/4HANA Fulfillment Connector. Its network of 120,000+ trading partners creates strong network effects, simplifying onboarding and enhancing scalability. Partnerships with system integrators and value-added resellers amplify reach and implementation efficiency.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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