Tranche Update on SPS Commerce, Inc.'s Equity Buyback Plan announced on February 25, 2020.
July 29, 2021 at 04:17 pm EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 63,515 shares, representing 0.18% for $6.45 million. With this, the company has completed the repurchase of 435,417 shares, representing 1.24% for $25.4 million under the buyback announced on February 25, 2020.
SPS Commerce, Inc. is a provider of cloud-based supply chain management services that supports retailers, grocers, distributors, suppliers, and logistics firms to communicate and collaborate by simplifying how they manage and share item, order, and sales data across omnichannel retail channels. The Company's products include Fulfillment, Analytics and Other products. Fulfillment product is a full-service electronic data interchange (EDI) solution that scales as a business grows. Analytics product enables organizations to improve visibility into how products are selling through a single connection across all sales channels, including wholesale, eCommerce, and marketplaces. The Company provide several complementary products, such as assortment, and community. In addition to these offerings, it also provides one-time services such as professional services and testing and certification. It provides supply chain digitalization including EDI and e-invoicing in Europe and the United States.