SPS Commerce Acquires CovalentWorks
Acquisition extends company's leadership in fulfillment for small to medium-sized businesses and expands the
Company to host conference call today at
"We are pleased to welcome CovalentWorks’ employees and customers to the
“SPS Commerce shares our vision of helping trading partners work better together through people, process and innovative technology solutions,” said
As part of the
Under the terms of the acquisition agreement,
For fiscal year 2019, the company expects the acquisition will add approximately
Use of Non-GAAP Financial Measures
To supplement its financial statements,
Adjusted EBITDA consists of net income adjusted for depreciation and amortization, interest expense, interest income, income tax expense, and stock-based compensation expense.
Non-GAAP income per share consists of net income plus stock-based compensation expense, amortization expense related to intangible assets, and income tax effects of adjustments, divided by the weighted average number of shares of common stock outstanding during each period.
This press release may contain forward-looking statements, including information about management's view of
Source: SPS Commerce, Inc.