Minneapolis, MN (PRWEB) April 28, 2009
SPS Commerce, the leading Software-as-a-Service (SaaS) trading partner integration center provider, today announced that in its first quarter of 2009, new customer contracts grew 31 percent compared to the same quarter in 2008. This recent double-digit growth adds to the company's record of 33 quarters of continuous growth, and was driven by numerous new community development programs signed with retailers and a renewed focus from the retail ecosystem to streamline their supply chain due to today's economic challenges. SPS Commerce hosts the largest SaaS B2B integration center, SPSCommerce.net, with more than 37,000 customers.
"SaaS companies, including SPS Commerce, were experiencing significant growth before the economic downturn and most continue to achieve growth rates today as other companies falter," said Richard Davis, Managing Director, Needham & Company. "SaaS solutions are an ideal fit for today's organizations as they provide the staffing and solutions to address business challenges by using a multi-tenant model that leverages economies of scale. Today's SaaS solutions provide equal and usually more benefits as their software counterparts without requiring any capital outlay and provide the experienced staff to run all aspects of the solution. Trading partners in the retail ecosystem are drawn to SPS Commerce based on their experience, proven capability to deliver, and outstanding customer satisfaction. Their continued growth demonstrates their ability to help organizations curb costs in their supply chain and their industry leadership is unmatched."
According to industry research, despite today's tough economic climate, the SaaS market is continuing to grow as organizations of all sizes discover the business benefits of a widening array of web-based solutions. Not only does SaaS allow IT departments to do more with less, but it also costs less to deploy and provides a lower total cost of ownership (TCO).
"Today's retail ecosystem is driven by its need to reduce costs and survive in today's economy," commented Archie Black, President and CEO of SPS Commerce. "Over the past two quarters, SPS has experienced a significant increase in new customer contracts. Retailers and suppliers subscribe to our suite of SaaS solutions to improve their integration with trading partners; better understand their order, inventory management and shipping processes; and adopt supply chain applications for improved warehouse and shipping efficiencies. Our SaaS model offers them a lower cost of ownership, access to services used and trusted by tens of thousands of similar organizations every day, and immediate efficiencies in their supply chain. Our customers are making changes to help them survive today, but also will enable them to respond more quickly when the economy turns around."
SPSCommerce.net is a suite of SaaS, multi-tenant services that improve the way trading partners manage and fulfill orders in the retail supply chain. As the industry's largest trading partner integration center, SPSCommerce.net offers 2,700 pre-built integrations to help customers get up-and-running quickly without investing in technology infrastructure or staff. SPSCommerce.net offers the following SaaS services:
- Trading partner enablement with enablement campaigns and EDI testing
- Trading partner integration services such as EDI, catalog and on-line ordering
- Trading partner applications including Scan and Pack service, labels, packing slips and gift cards
- Trading partner intelligence services available for suppliers and retailers
- Trading partner supplies
- Trading partner platform, the foundation for the SPSCommerce.net suite of services
About SPS Commerce
SPS Commerce is the leader in Software-as-a-Service (SaaS) B2B integration, connecting every partner in the supply chain. Retailers, manufacturers and 3PLs have selected SPS Commerce as their outsourced provider to automate and integrate their trading relationships. Using the SaaS model, SPS Commerce dramatically lowers setup and on-going costs, along with the time and risks of traditional EDI software by outsourcing the entire B2B communication process. The company's offerings leverage its multi-tenant architecture, multi-party sharing, and comprehensive knowledge of thousands of retailer's business processes and specifications and integration expertise with a variety of systems for accounting, ERP, packing and shipping, and WMS. SPS Commerce is the recognized SaaS leader in B2B integration with 37,000 customers, pre-built integrations spanning 2,700 unique fulfillment workflows across 1,300 retailers, grocers and distributors, a customer satisfaction rate of 93% and the most comprehensive SaaS product suite available. SPS Commerce is headquartered in Minneapolis, Minnesota. For additional information, please contact SPS Commerce at 866-245-8100 or visit http://www.spscommerce.com.
SPS Commerce is a registered trademark of SPS Commerce Inc. SPSCommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.