11:43 AM EDT, 05/09/2024 (MT Newswires) -- SPS Commerce ( SPSC ) said Thursday it has acquired Traverse Systems for about $25 million in cash and $4.3 million in stock to expand its product portfolio in supply chain performance and optimization.

Traverse provides scorecarding and vendor performance management solutions for retailers.

SPS said it expects the deal to add about $600,000 in revenue in Q2 while hitting adjusted EBITDA by about $200,000.

For fiscal year 2024, it expects the acquisition to add about $2.9 million in revenue and breakeven in adjusted EBITDA.

Shares of SPS were up about 1.8% in recent trading.

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