Retail network platform provider SPS Commerce Inc. today said it has acquired one of its long-time partners, the electronic data interchange (EDI) system automation vendor The Order Exchange.
The deal comes just two weeks after SPS also acquired TIE Kinetix, a European provider of supply chain digitalization including EDI and e-invoicing services.
Neither of the terms of those deals was disclosed.
Minneapolis-based SPS says its retail network connects trading partners around the globe to optimize supply chain operations. To date, more than 115,000 companies in retail, grocery, distribution, supply, and logistics have chosen SPS as their retail network.
In a statement, SPS said that the latest acquisition expands its leadership in full-service EDI with system automation. “We are pleased to welcome The Order Exchange employees and customers to our growing network of global trading partners,” Archie Black, CEO of SPS Commerce, said in a release. “The Order Exchange and SPS have worked together for over eight years to serve customers in the EDI automation market. By welcoming The Order Exchange to SPS, our teams will be better equipped to continue providing an exceptional customer experience.”
Editor's note: This article was revised on September 29 to clarify that the only company acquired by SPS this week was The Order Exchange.
