SPSC - SPS Commerce acquires GCommerce in ~$45M cash deal
- SPS Commerce ( NASDAQ: SPSC ) has acquired software solution provider GCommerce for ~$45M in cash.
- GCommerce is a EDI provider within the automotive aftermarket industry. The acquisition will add ~$1M of revenue in Q322, but adj. EBITDA is expected to be negatively impacted by ~$300K.
- For FY22, SPS Commerce ( SPSC ) expects the acquisition to add ~$2.5M in revenue and adj. EBITDA to be negatively impacted by ~$300K. In FY23, the acquisition is likely to contribute ~$7M in revenue and ~$2.5M in adj. EBITDA.
- The company will provide consolidated Q322 guidance and an update to ITS FY22 outlook in its Q2 financial results announcement on July 27, 2022.
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SPS Commerce acquires GCommerce in ~$45M cash deal