Brief: SPS Commerce Acquires GCommerce

SPS Commerce

20/07/2022 13:35

July 20 (Reuters) - SPS Commerce Inc  SPSC.O :
    * SPS COMMERCE ACQUIRES GCOMMERCE
    * UNDER TERMS OF AGREEMENT AND PLAN OF MERGER, SPS COMMERCE
ACQUIRED GCOMMERCE FOR APPROXIMATELY $45 MILLION IN CASH
    * SPS - FOR Q3, SPS COMMERCE ANTICIPATES ACQUISITION TO ADD
ABOUT
$1 MILLION OF REVENUE AND EXPECTS ADJUSTED EBITDA TO BE
NEGATIVELY IMPACTED BY ABOUT $300,000
    * SPS - FOR FY2022, CO EXPECTS ACQUISITION WILL ADD ABOUY
$2.5
MILLION IN REVENUE AND EXPECTS ADJUSTED EBITDA TO BE NEGATIVELY
IMPACTED BY ABOUT $300,000
    * SPS  - COMPANY EXPECTS ACQUISITION TO CONTRIBUTE
APPROXIMATELY
$7 MILLION IN REVENUE AND APPROXIMATELY $2.5 MILLION IN ADJUSTED
EBITDA IN FISCAL YEAR 2023.

Source text for Eikon:  ID:nGNX5vG64j 
Further company coverage:  SPSC.O 

 ((Reuters.Briefs@thomsonreuters.com;))