1 minute read | August.05.2024
SupplyPike, an automated invoice deduction management and prevention solution, has been acquired by SPS Commerce, a leader in retail supply chain cloud services.
Orrick represented SupplyPike.
SPS Commerce acquired SupplyPike for approximately $119 million in cash, net of cash acquired and $87 million in SPS Commerce stock.
SupplyPike is a first of its kind SaaS solution that provides ongoing monitoring and management of invoice deductions to recover lost revenue along with the information needed to improve processes and eliminate deductions in the future.
SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners.
The interdependent nature of the retail supply chain requires collaboration between trading partners, said Chad Collins, CEO of SPS Commerce.
“With the acquisition of SupplyPike, SPS Commerce now offers an additional way for suppliers to understand and improve their ability to meet their retail customers’ expectations, with automated process monitoring, education, and improvement, and dispute resolution capabilities,” Collins said.
Dan Sanker, founder and CEO of SupplyPike, said: “We believe by combining SupplyPike with SPS Commerce, we are providing an industry-leading knowledgebase of resources to reduce supply chain missteps and strengthen suppliers’ relationships with their customers.”
The acquisition expands SPS Commerce’s product portfolio with automated invoice deduction management and prevention.
Orrick’s Hari Raman, Michael Yang, Christina Catzoela, Brian Blood, Samantha Caluori, Brian Kim, KT Nguyen, Lois Emmanuel, and Andrew Barlow led the team that advised SupplyPike. The team also included Katherine Hogan, Sharon Zhou, Albert Vanderlaan, David Sharrow, Jennifer Criss, Eric Wall, Shannon Yavorsky, Matthew Coleman, Peter Graham, Danielle Mangogna, Craig Falls, Jeanine McGuinness, Jake Routhier, Debbie Abernathy, and Josh Steiman.