Corporate Division / Tool Box Solutions – SPS Comerce
Retail Intelligence & Analysis Solutions
ToolBox Solutions Acquired by SPS Commerce
ToolBox is a leading provider of point-of-sale analytics, retail and loyalty software solutions, and category management services to retailers and consumer packaged goods suppliers across the US and Canada. The company was founded in 1999 and has established relationships with many leading retailers and CPG suppliers in the convenience, grocery and drug store segments.
SPS Commerce acquired all the shares of ToolBox Solutions for approximately $18.4 million in cash and $4.5 million in stock which represents approximately 65,000 shares. The acquisition expands the SPS Commerce retail network, building on its current network of more than 75,000 organizations in 60 countries, and strengthens its analytics offerings. ToolBox Solutions employees will continue to be based in Toronto.
We are pleased to welcome ToolBox Solutions' employees and customers to SPS Commerce. In the omnichannel era, retailers and suppliers need rich insights into consumers' purchase behavior, both in store and online. Enabling collaboration and visibility between trading partners around consumer demand trends and inventory is essential in order to drive growth. With the acquisition of ToolBox Solutions, we expand our expertise in point-of-sale analytics for both retailers and suppliers. We're excited to incorporate ToolBox Solutions' success into SPS Commerce's global networkArchie BlackSPS Commerce CEO