E-commerce Delivery Platform Leader MetaPack Bought By Stamps.com
Summary
MetaPack, the global leader in e-commerce delivery technology, has today announced that it has reached an agreement with Stamps.com Inc., the leading provider of postage online and shipping software solutions, to sell the business in a deal worth approximately £175 million. Following the sale, MetaPack will operate as a wholly owned subsidiary of Stamps.com and will be instrumental in helping Stamps.com to achieve its ambitious and exciting international aspirations. The transaction is testament to the entire team at MetaPack who have demonstrated outstanding loyalty and hard work, particularly in driving European growth and helping us return the business to profitability. "The acquisition of MetaPack represents a significant strategic investment in our global e-commerce shipping business," said Ken McBride, Stamps.com Chairman and CEO. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy.
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