MINNEAPOLIS, July 19, 2010 (GLOBE NEWSWIRE) -- SPS Commerce (Nasdaq:SPSC), a leading provider of on-demand supply chain management solutions, today announced that it has appointed Philip Soran to its board of directors.
Mr. Soran serves as chairman, president and CEO of Compellent (NYSE:CML), having co-founded the corporation in 2002. Compellent is a leading provider of enterprise-class network storage solutions that successfully completed its IPO in October 2007. He also co-founded Xiotech Corporation, and was its president and CEO from July 1995 to August 2001. Mr. Soran replaces retiring board member, Murray R. Wilson, a Special Consultant to Mayfield & Robinson, Inc., the investment management company for River Cities Capital Funds.
"We are pleased to welcome Philip Soran to our board of directors," said Archie Black, President and CEO of SPS Commerce. "His experience and track record of successfully leading high-growth technology organizations make him a great addition to our board. We look forward to working with him. I would also like to thank Murray Wilson for his dedication and contribution to SPS Commerce as a director. Representing one of SPS' venture capital investors, his guidance over the years has helped SPS Commerce to strengthen its market position and prepare SPS to become a publicly traded entity."
About SPS Commerce
SPS Commerce is a leading provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We deliver our solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. Our SPSCommerce.net platform features pre-built integrations used by current and new customers alike, spanning 2,700 order management models across 1,300 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. More than 35,000 customers across more than 40 countries have used SPSCommerce.net, making it one of the largest trading partner integration centers. SPS Commerce has 37 consecutive quarters of increased revenues and is headquartered in Minneapolis. For additional information, please contact SPS Commerce at 866-245-8100 or visit 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.
The SPS Commerce logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7184
Cautionary Note Regarding Forward-Looking Statements
Any statements in this release that are not historical or current facts are forward-looking statements. All forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risk Factors" section of our Registration Statement on Form S-1 and other required reports, as filed with the SEC, which are available at the SEC's Website at http://www.sec.gov.
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