SPSC - SPS Commerce acquires InterTrade Systems for ~$49M

• Retail cloud services company SPS Commerce ( NASDAQ: SPSC ) has acquired InterTrade Systems, a subsidiary of mdf commerce, for ~$49M in cash.
• The acquisition enables SPS Commerce to expand its network to businesses across North America, CEO Archie Black said.
• The acquisition is anticipated to add ~$1.7M of revenue for SPSC in Q4, and adjusted EBITDA is expected to be negatively impacted by ~$200K.
• For FY'23, the acquisition is expected to add ~$8.5M in revenue and ~$500K to adjusted EBITDA.
• ~$2.5M in adjusted EBITDA is expected to be contributed in FY'24.
• The company is set to provide consolidated Q4 guidance and an update to FY'22 outlook in its Q3 financial results on Oct. 27.
• Source: Press Release

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