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SPS Commerce Acquires SupplyPike For Approximately $119M Cash, Net Of Cash Acquired, And $87M In SPS Commerce Stock

Author: Benzinga Newsdesk | August 01, 2024 07:52am

SupplyPike is a first of its kind SaaS solution that provides ongoing monitoring and management of invoice deductions to recover lost revenue along with the information needed to improve processes and eliminate deductions in the future.

For the third quarter of 2024, SPS Commerce anticipates the acquisition will add approximately $3.0 million in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $750,000.

For fiscal year 2024, the company expects the acquisition will add approximately $8.0 million in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $1.5 million.

For fiscal year 2025, the company expects the acquisition will add approximately $25.0 million in revenue and breakeven in Adjusted EBITDA.

Posted In: SPSC

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