GTCR Eyes Buyout of SPS Commerce
GTCR is in talks to buy SPS Commerce. Growth slowed, activists pushed a sale, and a deal could come in weeks. Nothing is final.
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Morgan Stanley Downgrades Tech Stocks as AI Payoff Doubts Mount
Morgan Stanley downgraded Salesforce, Workday, Intuit, SPS Commerce, Rapid7, PagerDuty, Wix, Vertex, and Nice, citing slow AI revenue growth and legacy business weakness. Price targets cut sharply.
SPS Commerce Explores Sale After Activist Investors Turn Up the Heat
The company is working with Morgan Stanley, with private equity firms expected to show interest.