Acquires ShipStation for $50 Million Cash Plus Shares

USPS label-printing software supplier has acquired order management tool developer ShipStation. purchased ShipStation for $50 million in cash plus up to 768,900 shares of stock, linked to performance. plans for ShipStation to operate as an independent, wholly-owned subsidiary, led by the existing management team.

"The acquisition of ShipStation represents a significant strategic investment in our high volume and e-commerce shipping business," said Ken McBride, chairman and CEO. "E-commerce driven package shipping is the fastest growing segment within the mailing and shipping space and this acquisition will allow us to accelerate our growth in this area."

"We're very excited to become a part of," said Nathan Jones, ShipStation President and CEO. "The acquisition builds on the strong partnership we have developed and we look forward to continuing to build the ShipStation business with the support of the team."

ShipStation supports automatic order importing from over 40 shopping carts and marketplaces, including eBay, Amazon, Shopify, Bigcommerce, Volusion, and Squarespace. provides USPS postage online to over 500,000 customers.


Register or login to add a new comment

2nd Office