SPS Commerce acquires GCommerce

SPS Commerce, Inc. announced the acquisition of GCommerce, a leading EDI provider to the automotive aftermarket industry.

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“We are delighted with the acquisition of GCommerce, a software solutions provider known for its expertise in the automotive aftermarket industry,” said Archie Black, CEO of SPS Commerce. “We are thrilled to welcome GCommerce employees and customers to the SPS Commerce community, and I look forward to capitalizing on our shared passion for innovation and focusing on a great customer experience.”

“GCommerce is thrilled to join SPS Commerce, which marks the next phase of our strategy to deliver compelling solutions and value to our customers,” said Steven Smith, CEO of GCommerce. “For two decades, GCommerce has delivered transformative solutions to make our customers more competitive. SPS Commerce shares our vision of helping business partners work better together through people, process and innovation.

As members of the SPS Commerce Community, GCommerce customers will have access to the largest trading community in the industry, which includes more than 105,000 trading partners in over 80 countries.

Acquisition details

Under the terms of the agreement and merger plan, SPS Commerce acquired GCommerce for approximately $45 million in cash.

For the third quarter of 2022, SPS Commerce expects the acquisition to add approximately $1 million in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $300,000. For fiscal 2022, the Company expects the acquisition to add approximately $2.5 million in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $300,000. The Company expects the acquisition to generate approximately $7 million in revenue and approximately $2.5 million in adjusted EBITDA in fiscal 2023.

The Company will provide consolidated guidance for the third quarter of 2022 and a full-year 2022 outlook update in its second quarter financial results press release to be issued on July 27, 2022.

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