03:57 PM EDT, 08/01/2024 (MT Newswires) -- SPS Commerce ( SPSC ) said Thursday it has acquired SupplyPike for about $119 million in cash and $87 million in SPS stock.

SupplyPike is an automated invoice deduction management and prevention solution provider.

For fiscal year 2024, the company expects the acquisition to add about $8.0 million in revenue and adjusted EBITDA to be negatively impacted by about $1.5 million.

Shares of SPS Commerce ( SPSC ) were down about 3% in recent trading.

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