AcquisitionsThe acquisition of Carbon6 further supports SPS’s emphasis on improving overall supply chain performance through increased visibility, efficiency, and collaboration across suppliers and retailers.
EarningsSPS Commerce reported a solid fourth quarter, with total and recurring revenue growing 18% and 19%, respectively, approximately $2 million ahead of expectations.
Market OpportunityThe company provided an updated market analysis, effectively doubling the initial IPO TAM from 2010 to more than $11 billion, due to both market and platform expansion.