MetaPack, the provider of e-commerce delivery technology, is to be acquired by Stamps.com Inc., the US provider of postage online and shipping software, a deal worth £175 million.
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.
Ken McBride, Stamps.com chairman and CEO said: “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.”
Patrick Wall, MetaPack founder said: “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.”