Stamps.com purchased ShipStation for up-front consideration of USD 50 million in cash plus performance-linked earn-out consideration of up to 768,900 shares of Stamps.com common stock. Stamps.com plans for ShipStation to operate as an independent, wholly-owned subsidiary.
Stamps.com is a provider of internet-based postage services to nearly 500,000 customers. Stamps.com’s service enables customers to print US Postal Service-approved postage with just a computer, printer and internet connection, right from their homes or offices.
ShipStation is a website-based shipping software that is built to help online retailers organize and process their orders, while fulfilling and shipping them.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.