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

|About: Stamps.com Inc. (STMP)|By:, SA News Editor

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.