Stamps.com to Acquire ShippingEasy
ShippingEasy provides web-based multi-carrier shipping software to help online retailers organize, process, fulfill and ship their orders quickly and easily. ShippingEasy integrates with over 40 leading marketplaces, shopping carts, and ecommerce platforms, including eBay, PayPal, Amazon, Shopify, Bigcommerce, Magento, and Volusion.
"The acquisition of ShippingEasy represents a significant strategic investment in our e-commerce shipping business," said Ken McBride, Stamps.com chairman and CEO. "E-commerce driven package shipping is our fastest growing segment and this acquisition will allow us to continue to accelerate our growth in this area. ShippingEasy adds an outstanding solution to our portfolio of products which will allow us to serve the needs of more customers, and will allow us to continue to solidify our leadership in e-commerce shipping."
"We're very excited to become a part of Stamps.com," said Katie May, ShippingEasy CEO. "The acquisition builds on the strong partnership we have developed and we look forward to continuing to build the ShippingEasy business with the support of the Stamps.com team."
Stamps.com has agreed to purchase ShippingEasy for $55 million in cash and plans for ShippingEasy to operate as a wholly-owned subsidiary led by its existing management team.