![]() ![]() On June 20, 2016, announced that it had entered into a definitive agreement to purchase ShippingEasy, Inc., an Austin, Texas-based company which offers web-based multi-carrier shipping software that allows online retailers and e-commerce merchants to organize, process, fulfill and ship their orders. Endicia's products include the DYMO Stamps and PictureItPostage brands. In March 2015, entered into an agreement to acquire Endicia, another internet postage company, from Newell Rubbermaid for approximately $215 million. ShipWorks continues to operate as an independent, wholly owned subsidiary. In October that same year, acquired ShipWorks, a multi-carrier shipping software company that integrates with shopping cart platforms, for $22 million. The acquisition made ShipStation an independent subsidiary of operated by its existing management team. ShipStation was founded in 2010 and creates tools to import orders from shopping cart platforms for order fulfillment. It acquired ShipStation, a web-based multi-carrier shipping vendor based in Austin, Texas, in June 2014 for $50 million and up to 768,900 shares of stock. reported $147.3 million in revenue the following year. īy 2013, it had approximately 465,000 registered customers. The company recorded revenues of $38.6 million in 2012. By 2008, had more than 300,000 customers. This combination allowed PhotoStamps to be used with exact postage printed from software. In September 2006, the company launched Photo NetStamps, which combined its previous NetStamps product with PhotoStamps. The United States Congress amended a law in January 2006 that had prohibited attaching business advertising to postage, effective in May of that year, which cleared the way for businesses to use PhotoStamps. PhotoStamps was re-launched in May 2005 for another year-long test run. In 2005, the company reported $10.4 million in net income. Postal Service authorized the first market test of PhotoStamps in 2004. purchased, a company that compared prices of shipping services, for $305 million in stock or eight million shares, in October 1999. ![]() In August 1999, the Postal Service granted permission for to sell its service nationally. Less than six months after its IPO, the company had its secondary public offering. The company went public in June of the same year and raised $55 million in its IPO. It had its last round of private financing in February 1999, generating an additional $30 million from investors including former Postmaster General, Marvin Runyon. Series B funding followed in August 1998 with $4.52 million. finished its Series A funding in February 1998 with $1.5 million. The Postal Service began announcing proposals for digital delivery of postage in 1996. StampMaster was among the first companies to obtain approval from the United States Postal Service for beta testing and introducing Internet postage to the market. The company's main offices are located in El Segundo, California.įounded in 1996, was created under the name StampMaster by Jim McDermott, Ari Engelberg, and Jeff Green, who at the time were MBA graduate students at UCLA. Until its acquisition by Thoma Bravo was a public company traded on the NASDAQ exchange under the symbol STMP. is headquartered in El Segundo, is an American company that provides Internet-based mailing and shipping services. Postal Service-approved postage with just a computer, printer and Internet connection, right from their homes or offices. ’s service enables customers to print U.S. is a leading provider of Internet-based postage. Newell Rubbermaid is headquartered in Atlanta, Georgia. Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Contigo®, Rubbermaid®, Elmers®, Calphalon®, Goody®, Graco®, Aprica®, Baby Jogger® and Dymo®. Endicia is headquartered in Mountain View, California. Endicia’s flexible and easy-to-use shipping solutions help businesses of all sizes run operations more efficiently and ultimately save money. AboutĮndicia is a leading provider of e-commerce shipping software and services with more than $11 billion of cumulative postage printed. (NASDAQ: STMP) for approximately $215 million, subject to customary working capital and transaction adjustments.īaird served as financial advisor to Endicia on this transaction. Endicia, a division of Newell Rubbermaid Inc. ![]()
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