Stamps.com (NASDAQ: STMP) said it has acquired ShipStation, based in Austin, Texas, which offers monthly subscription based online commerce shipping software primarily under the brand names ShipStation and Auctane.
ShipStation is a leading web-based shipping software solution that allows online retailers and merchants to organize, process, fulfill and ship their orders quickly and easily.
Stamps.com purchased ShipStation for up-front consideration of USD50m in cash plus performance-linked earn-out consideration of up to 768,900 shares of Stamps.com common stock. Stamps.com plans for ShipStation to operate as an independent, wholly-owned subsidiary, led by the existing management team.
Stamps.com is the provider of Internet-based postage services to nearly 500,000 customers.
ShipStation is a leading web-based shipping software that is built to help online retailers organize and process their orders, while fulfilling and shipping them quickly and easily.