Feb 3, 2003 : SPS Commerce Reaches Profitability

📅 February 3, 2003 - Supply chain integration services provider SPS Commerce (spscommerce.com) announced on Monday that it has reached profitability as it enters the 2003 calendar year, continuing the company's ascent in the market.

The announcement, says SPS Commerce, caps a year of growth for the company, and one in which the hosted integration market matured into a sustainable business model. Through new services, partnerships, acquisitions and revenue growth over the past 18 months, the company says it has solidified its position as a leading provider of hosted integration services.
According to SPS Commerce, the past year saw an acceleration of the use of hosted integration by SMEs for better supply-chain interaction with trading partners. The company says that, in addition to compliance, its customers have begun to see benefits such as reduced error rates in fulfilling products and increased sales due to streamlined processes.
"Supply chain success in the SME market only comes when a complete understanding of the unique market needs and conditions is combined with 100% focus on meeting those needs," said SPS Commerce CEO Archie Black. "The execution of our offerings strategy, and the resultant market and financial success, is yet another example of how SPS Commerce is attuned to the needs of the SME market and is setting the standard for supply chain service providers in meeting those needs."

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