SPSC News & Events

SPS Commerce announced the completed sale of its third-party revenue recovery business, which was previously acquired through its purchase of Carbon6 Technologies in early 2025. Under the terms of the asset purchase agreement, the company received a cash payment of $9.5M at closing. SPS Commerce expects to incur an estimated loss on the sale of approximately $20M in Q2. The company will retain its first-party revenue recovery business. "Divesting the 3P portion of the Revenue Recovery business focuses SPS on the strategic opportunity with 1P suppliers who operate multi-retailer trading relationships and are better positioned to benefit from our intelligent supply chain network and other solutions like Fulfillment and Analytics," said Chad Collins, CEO of SPS Commerce.

SPS Commerce (SPSC) is exploring a sale amid pressure from activist investors, according to Reuters, citing three people familiar with the matter. The supply chain software maker is working with investment bankers at Morgan Stanley (MS) on the potential sale, which is expected to draw interest from private equity firms, the sources are reported to have said.

Shares of SPS Commerce are up $4.09, or 7.5%, to $58.95 following Reuters' report.