Stamps.com announces MetaPack acquisition
E-commerce delivery platform provider, MetaPack, has been bought by postage online and shipping software solutions venture, Stamps.com in a deal worth approximately £175 million.
Patrick Wall, Founder of MetaPack, which will operate as a wholly owned subsidiary of Stamps.com comments: “This announcement is excellent news for our customers, partners and employees. We’re very proud to become part of the wider Stamps.com group and in so doing, offer our customers continuity, greater product depth and an even stronger global proposition. e-commerce will continue to drive huge change in retailing and MetaPack is now best positioned to meet market needs all over the world. I’ve no doubt the best years are still to come.”
“The acquisition represents a significant strategic investment in our global e-commerce shipping business,” says Ken McBride, Stamps.com Chairman and CEO. “MetaPack is the leading enterprise-level multi-carrier e-commerce software platform supporting the world’s largest retailers and the world’s best known brands. It has significant business in Europe, complementing our strong position in the US. It also serves the largest enterprises and retailers, complementing our traditional focus on smaller businesses."