SPS Commerce, Inc.a leader in retail cloud services, announced the acquisition of the MAPADOC business, an operating unit of SWK Technologies, Inc. and a leading provider of EDI System Automation solutions for the Sage and Acumatica markets.
“SPS Commerce is excited to announce that we have acquired MAPADOC, a strategic partner that we have worked with over the past 15 years to jointly deliver EDI and system expertise in the Sage and Acumatica markets,” said Archie Black, President and CEO of SPS Commerce. “We are pleased to welcome MAPADOC employees and customers to the SPS Commerce community and we look forward to our continued partnership.”
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“SPS Commerce shares our vision of providing the easiest-to-use, most automated EDI solutions that help suppliers in the Sage and Acumatica markets work better with their trading partners while benefitting from deep ERP integration,” said Mark Meller, CEO of SWK Technologies. “We are excited that the product innovation and industry-leading support our customers have come to expect from the MAPADOC team will continue and accelerate as part of a larger organization.”
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As part of the SPS Commerce community, MAPADOC customers will have access to the industry’s broadest retail trading network, leading ERP, e-commerce and logistics applications, global supply chain partners, and opportunities to enhance supply chain efficiency.
Acquisition Details
Under the terms of the acquisition agreement, SPS Commerce acquired MAPADOC for $11.5 million in cash.
SPS Commerce anticipates the acquisition will have a nominal impact to third quarter and full year 2019 expected financial results. The company expects the acquisition to contribute approximately $2 million in revenue and approximately $1 million in Adjusted EBITDA in fiscal year 2020.
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