Stamps.com buys Web shipping software firm for $50M+


Stamps.com (STMP) has bought ShipStation, a provider of Web-based shipping/fulfillment software for online retailers, for $50M in cash + up to 769K shares in performance earn-outs (current value of $26.5M).

ShipStation, which sells its software via monthly subscription, offers automatic order import for 40+ shopping carts/marketplaces, as well as tools meant to "automatically optimize" the shipping process.

Presumably, Stamps.com will cross-sell ShipStation's software to its 500K+ online postage clients.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs