Market Overview Announces Definitive Agreement to Acquire Leading UK-Based E-Commerce Shipping Software Company MetaPack Ltd.

Share:® (NASDAQ:STMP) today announced that it has entered into a
definitive agreement to purchase MetaPack Ltd., a United Kingdom-based
company that provides the world's leading multi-carrier enterprise-level
solution to many of the world's preeminent e-commerce retailers and

MetaPack provides its customers access to the world's largest carrier
library with support for over 450 parcel carriers that operate in more
than 200 countries. The MetaPack software platform is a secure,
resilient and highly available system that processed over 550 million
parcel shipments in 2017. MetaPack's platform also provides
sophisticated solutions, including carrier management, a carrier
optimization engine, a track and trace system, a parcel returns system,
a delivery analysis and carrier SLA monitoring system, a sophisticated
cross-border solution, and a system that provides dynamic delivery
options right in the shopping cart. From a single integration,
MetaPack's customers are able to offer delivery choice and convenience
in all major e-commerce markets around the world. MetaPack's software
also improves its customers' shopping cart order conversion rates and
order delivery satisfaction ratings.

MetaPack has over 500 customers, including many of the world's leading
e-commerce retailers and brands. MetaPack's website includes a small
sample of its retailers,
and customer case
. The company's business model is focused on SaaS, and it
generated revenue of approximately £36 million in its fiscal year ending
March 31, 2018, with a gross margin of approximately 87% and an
operating margin of approximately 10%. MetaPack has approximately 350
employees located in six office locations around the world.

"The acquisition of MetaPack represents a significant strategic
investment in our global e-commerce shipping business," said Ken
McBride, 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's
strong position in the U.S. MetaPack also serves the largest enterprises
and retailers, complementing'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."

"This is a hugely exciting development for MetaPack," said Steve Rowley,
Executive Chairman. "The acquisition by is positive news for
our customers, partners and employees. As well as enabling us to broaden
our proposition and enhance our global label library, it also gives us
the degree of scale and support that we need to service global
e-commerce customers." has agreed to purchase MetaPack for approximately £175
million in cash, which is approximately $230 million, funded entirely
from current cash balances. The Boards of Directors of both companies
have approved the transaction, which is expected to close during August
2018. plans for MetaPack to continue to operate as a
wholly-owned subsidiary led by members of its existing management team. will further discuss the acquisition of MetaPack during its
upcoming second quarter earnings conference call on August 1, 2018.

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
personalised 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.

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

"Safe Harbor" Statement Under the Private Securities Litigation
Reform Act of 1995

This release includes "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Forward-looking
statements are statements that are not historical facts, and may relate
to future events or the company's anticipated results, business
strategies or capital requirements, among other things, all of which
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such forward-looking statements by looking for words such as "assumes,"
"approximates," "believes," "expects," "anticipates," "estimates,"
"projects," "seeks," "intends," "plans," "could," "would," "may" or
other similar expressions. Important factors which could cause actual
results to differ materially from those in the forward-looking
statements include the Company's ability to successfully integrate and
realize the benefits of its past or future strategic acquisitions or
investments, and other important factors that are detailed in filings
with the Securities and Exchange Commission made from time to time by, including its Annual Report on Form 10-K for the year ended
December 31, 2017, Quarterly Reports on Form 10-Q, and Current Reports
on Form 8-K. Matters described in forward-looking statements may also be
affected by other known and unknown risks, trends, uncertainties and
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revisions to any forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

Trademarks, the logo, Endicia, ShipStation, ShipWorks, and
ShippingEasy are registered trademarks of Inc. and its
subsidiaries. All other brands and names used in this release are the
property of their respective owners.

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