AdvertisementAdvertisementBusiness24 Jun 2026 01:01AM (Updated: 24 Jun 2026 01:19AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST NEW YORK, June 23 : Supply chain software maker SPS Commerce is exploring a sale amid pressure from activist investors, according to three people familiar with the matter.The company is working with investment bank Morgan Stanley on the potential sale, which is expected to draw interest from private equity firms, the sources said, requesting anonymity to discuss confidential matters.SPS Commerce and Morgan Stanley did not immediately respond to requests for comment.Minneapolis-based SPS Commerce provides cloud-based software that helps retailers, suppliers and distributors manage logistics, inventory and electronic data interchange across their supply chains. It serves more than 50,000 customers globally, including retailers Walmart, Costco, Macy’s, Best Buy, Adidas and Hershey.Show MoreShow LessSPS Commerce faces pressure from activist investors, including Anson Funds and Irenic Capital, which disclosed stakes in the company in late March and early April, respectively, and pushed for changes, including leadership shifts and a review of strategic alternatives, including a potential sale. Shares of SPS Commerce have lost more than 80 per cent over the last year, leaving the company with a market capitalization of roughly $2 billion. Investors have pulled back from software stocks due to the uncertainty over AI's impact on the sector.SPS Commerce has posted double-digit revenue growth in the past, including 18 per cent in 2025, but the firm expects to increase revenue 6 per cent to 7 per cent in 2026. Investors have grown more cautious on software valuations and the sector’s outlook. Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST