SPS Commerce, a provider of retail cloud services, completed the acquisition of TIE Kinetix, a provider of SaaS solutions for electronic document exchange and supply chain automation, for €65m ($70m). “We are excited to join SPS Commerce and leverage TIE’s e-invoicing capabilities to capitalize on the opportunity presented by mandatory e-invoicing regulations across Europe. Our offering will complement SPS’ next generation EDI solution and competitively position the combined company across the B2B and B2G markets,” Jan Sundelin, TIE Kinetix CEO.
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