Brief: SPS Commerce Acquires Traverse Systems

SPS Commerce

09/05/2024 12:47

May 9 (Reuters) - SPS Commerce Inc  SPSC.O :
    * SPS COMMERCE ACQUIRES TRAVERSE SYSTEMS
    * SPS COMMERCE INC: ACQUIRED TRAVERSE SYSTEMS FOR
APPROXIMATELY
$25 MILLION IN CASH AND $4.3 MILLION IN SPS COMMERCE STOCK
    * SPS COMMERCE INC: FOR FISCAL YEAR 2024, EXPECTS
ACQUISITION WILL
ADD APPROXIMATELY $2.9 MILLION IN REVENUE AND BREAKEVEN IN
ADJUSTED EBITDA.
    * SPS COMMERCE INC: FOR FISCAL YEAR 2025, EXPECTS
ACQUISITION WILL
ADD APPROXIMATELY $5 MILLION IN REVENUE AND APPROXIMATELY $1.5
MILLION IN ADJUSTED EBITDA

Source text for Eikon:  ID:nGNX8w0vPl 
Further company coverage:  SPSC.O 

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