SPS Commerce to acquire Traverse Systems for $29m.

SPS Commerce, a retail supply chain cloud services provider, agreed to acquire Traverse Systems, a SaaS platform, for $29m. “Retailers and suppliers using our leading retail network are continuously seeking to improve supply chain performance. Traverse Systems' expertise and proven track record in driving more streamlined collaboration between trading partners will benefit SPS customers and expand our capabilities in retail supply chain optimization,” Chad Collins, SPS Commerce CEO.