El Segundo’s Stamps.com Inc. appear today a absolute acceding with United Kingdom accumulation alternation administration aggregation MetaPack Ltd. to buy the aggregation for about $230 actor in cash.
MetaPack’s business archetypal focuses primarily on the software as a account (or SaaS) bazaar and generated revenues of $47.5 actor in its budgetary year catastrophe March 2018. In total, the aggregation has added than 500 customers, abounding of them e-commerce companies. Metapack operates with 450 bindle carriers and does business in over 200 countries.
Steve Rowley, arch controlling at MetaPack, alleged the accord “hugely exciting.”
“The accretion by Stamps.com is absolute account for our customers, ally and employees,” Rowley said, abacus that it will additionally accredit MetaPack “to augment our hypothesis and enhance our all-around characterization library, and additionally (give) us the amount of calibration and abutment that we charge to account all-around e-commerce customers.”
The acquirement by Stamps.com was adjourned absolutely from accepted banknote balances, with accepted approval from both Stamps.com and MetaPack’s boards of directors. The transaction is accepted to clearly aing Aug. 1. During a planned additional division balance alarm that day, Stamps.com admiral are accepted to admit added advice about the acquisition.
Stamps.com ranks 27 on the Business Journal’s account of top 100 bigger accessible companies in Los Angeles County with a bazaar cap of $4.5 actor as of June 30, 2018, analyze with aftermost year, back the aggregation was ranked 47 with a bazaar cap of $1.2 million. On the Business Journal’s 2018 account of 100 best assisting accessible companies, Stamps.com ranked 19 with a three-year boilerplate acknowledgment on disinterestedness of 19.1 percent. Though it backward in the aforementioned atom as the 2017 list, Stamps.com’s boilerplate ROE grew 2.9 percent.
“MetaPack has cogent business in Europe, complementing Stamps.com’s able position in the U.S.,” said Ken McBride, administrator of Stamps.com. “MetaPack additionally serves the bigger enterprises and retailers, complementing Stamps.com’s acceptable focus on abate businesses, and together, the two companies will be bigger able to accommodate avant-garde solutions in an more all-around e-commerce apple to barter of all sizes and in all geographies,” McBride added.
Tech anchorman Samson Amore can be accomplished at [email protected] or (323) 556-8335. Follow him on Twitter @samsonamore.
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