Royal Mail Acquires StoreFeeder
The UK's Royal Mail has acquired marketplace management software company StoreFeeder.
StoreFeeder built Royal Mail's consumer and small business shipping tool, Click and Drop, launched in October 2014. Click and Drop allows users to ship with Royal Mail within a few clicks, providing an integration with eBay so sellers can buy postage labels without manually inputting addresses.
The purchase of StoreFeeder will help Royal Mail develop online tools and APIs to help customers ship parcels easily. StoreFeeder will also continue to operate in the same way for its existing clients.
Nick Landon, Managing Director of Royal Mail Parcels, said: "Having successfully developed and launched our new shipping tool which has worked very effectively through the busy Christmas period, the acquisition of StoreFeeder was a clear strategic choice. I'm delighted that we will now be able to accelerate the development and release of even more tools to make shipping parcels with Royal Mail easier and more convenient."
StoreFeeder Director Karl Ciz said, "The StoreFeeder team are delighted with the acquisition and are keen to assure all current customers that it's business as usual."
Source: Royal Mail