Stamps.com Acquires ShipWorks for $22 Million
ShipWorks founders Brian Nottingham and Wes Clayton
Stamps.com purchased ShipWorks for approximately $22 million in cash. Stamps.com plans for ShipWorks to operate as an independent, wholly-owned subsidiary, led by the existing management team.
"We're very excited to become a part of Stamps.com," said Wes Clayton, ShipWorks Co-General Manager and COO. "We've long enjoyed a strong partnership with Stamps.com and with the acquisition we look forward to continuing to build the ShipWorks business with the support of the Stamps.com team."
ShipWorks is integrated with over 50 popular online sales and marketplace systems including eBay, PayPal, Amazon, Yahoo! and others. Stamps.com enables nearly 500,000 customers to print U.S. Postal Service-approved postage.