Market Overview Announces Completion of MetaPack Ltd. Acquisition

Share:® (NASDAQ:STMP) today announced that it has completed its
acquisition of 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 brands. purchased MetaPack for approximately $220 million in cash
funded from existing cash and investments. plans for MetaPack
to operate as a wholly owned subsidiary, led by its existing management
team. also today announced it has granted inducement stock options
for an aggregate of 320,250 shares of common stock to 72 new
employees in connection with its recent acquisition of MetaPack. The
stock options were granted as inducements material to the new employees
entering into employment with, pursuant to the
2018 MetaPack Equity Inducement Plan, which was approved by's
Compensation Committee. The awards were granted without stockholder
approval in accordance with Nasdaq Listing Rule 5635(c)(4).

Each option vests 25% on the one year anniversary of the grant date with
the remaining 75% vesting in approximately equal monthly increments over
the succeeding thirty-six months, provided that the option holder is
still employed by on the vesting dates. The stock options
have a ten year term and an exercise price equal to closing price of common stock on the grant date of August 15, 2018.

About MetaPack

Founded in 1999, MetaPack
helps e-commerce and delivery professionals to meet with the consumer's
growing expectations of delivery, while maintaining and optimizing
operational efficiency. MetaPack's SaaS solution offers a wide range of
personalized delivery services, from global order tracking to simplified
return procedures, through a catalogue of 450 carriers and 5,000
services available throughout 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
involve risks and uncertainties. You can identify many (but not all)
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
factors, many of which are beyond the company's ability to control or
predict. undertakes no obligation to release publicly any
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,
ShippingEasy and MetaPack are registered trademarks of Inc.
and its subsidiaries. All other brands and names used in this release
are the property of their respective owners.

View Comments and Join the Discussion!