We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » E-commerce Delivery Platform Leader MetaPack Bought By Stamps.com
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

E-commerce Delivery Platform Leader MetaPack Bought By Stamps.com

July 26, 2018
No Comments

LONDON - July 25, 2018 - MetaPack, the global leader in e-commerce delivery technology, has today announced that it has reached an agreement with Stamps.com Inc., the leading provider of postage online and shipping software solutions, to sell the business in a deal worth approximately £175 million (which is approximately $230 million).

The sale follows another highly successful year for MetaPack with the management team driving continued high growth in the UK and continental Europe. This has now taken the business from a loss-making position into sustained profitability.

Following the sale, MetaPack will operate as a wholly owned subsidiary of Stamps.com and will be instrumental in helping Stamps.com to achieve its ambitious and exciting international aspirations. To date Stamps.com has been focused on the development of its core U.S.-based market, but with the purchase of MetaPack, its strategy will be expanded to maximize MetaPack's strong international footprint.

The two companies are highly complementary. The success of Stamps.com postage online and shipping software products in the SME market combined with the market-leading position of MetaPack's platform in the retail enterprise space is expected to result in a wide number of cooperative opportunities for the combined business and enhanced services for customers of both organizations.

In the short term, Stamps.com expects MetaPack to operate autonomously with day to day operations continuing as normal. No changes to the management team are being made and there will be no platform impact on peak stability or uptime. Longer term, the company expects to invest in the platform to continue developing MetaPack's customer proposition.

"This is a hugely exciting development for MetaPack," said Steve Rowley, executive chairman. "The acquisition by Stamps.com is highly complementary and enables us to broaden our proposition and enhance our global label library. It gives us the degree of scale and support that we need to service global e-commerce customers. The transaction is testament to the entire team at MetaPack who have demonstrated outstanding loyalty and hard work, particularly in driving European growth and helping us return the business to profitability. Their skills were a crucial element in this acquisition."

Patrick Wall, MetaPack founder, commented, "This announcement is excellent news for our customers, partners and employees. We're very proud to become part of the wider Stamps.com group and in so doing, offer our customers continuity, greater product depth and an even stronger global proposition. E-commerce will continue to drive huge change in retailing and MetaPack is now best positioned to meet market needs all over the world. I've no doubt the best years are still to come."

"The acquisition of MetaPack represents a significant strategic investment in our global e-commerce shipping business," said Ken McBride, Stamps.com chairman and CEO. "MetaPack is the leading enterprise-level multi-carrier e-commerce software platform supporting the world's largest retailers and the world's best known brands. Metapack has significant business in Europe, complementing Stamps.com's strong position in the U.S. Metapack also serves the largest enterprises and retailers, complementing Stamps.com's traditional focus on smaller businesses. Together, the two companies will be better able to provide innovative solutions in an increasingly global e-commerce world to customers of all sizes and in all geographies."

MetaPack was advised on the transaction by Evercore.

About MetaPack
Founded in 1999, MetaPack helps e-commerce and delivery professionals to meet with the consumer's growing expectations of delivery, whilst maintaining and optimizing operational efficiency. MetaPack's SaaS solution offers a wide range of personalized delivery services, from global order tracking to simplified return procedures, through a catalogue of 450 carriers and 5,000 services available that span every country in the world. Thanks to MetaPack, more than 550 million packages are sent annually by many of the world's leading e-commerce retailers.

About Stamps.com
Stamps.com (Nasdaq: STMP) is the leading provider of postage online and shipping software solutions to over 725 thousand customers, including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers. Stamps.com offers solutions that help businesses run their shipping operations more smoothly and function more successfully under the brand names Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy. Stamps.com's family of brands provides seamless access to mailing and shipping services through integrations with more than 500 unique partner applications.

More Info: http://www.metapack.com

Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
  • Related Articles

    Enspire Commerce Enterprise Commerce Platform Solution Selected by ITA Group, Inc.

    IntelliTrack Expands E-Commerce Platform Integrations

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • IBM survey says digitalization trends will sweep trucking industry by 2030

  • Gartner survey signals increased investment in resilience over the next two years

  • What Level of Automation is Right for Your Warehouse?

  • Growing up … and up and up: interview with Sam Bertram

  • Old Dominion adds nine freight service centers to handle business growth

Now Playing on DCV-TV

D92f0dd1 a98c 434a 9e17 30b63ee72c90

Automated Pack-out and Print-Apply System for thredUP

DCV-TV 4: Viewer Contributed
SilMan Industries designed and implemented a mixed polybag-carton system, including automated print and apply, in a new regional Fulfillment Center for thredUP, one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes, and accessories. The Situation Secondhand clothing and online...

FEATURED WHITE PAPERS

  • Time to rethink your lift truck power

  • Warehouse Management System Project Toolkit

  • Solving Talent Management Challenges Now and In the Future

  • Shaping Up Last Mile Delivery to Surpass Customer Expectations

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing