STAMPS.COM ACQUIRES ISHIP.COM TO CREATE ONE-STOP INTERNET MAILING AND SHIPPING SERVICE: Goal Is To Give Businesses, Consumers Single Source For Mailing And Shipping Needs.Internet postage See PC Postage. firm Stamps.com has just acquired privately-held iShip.com, a provider of Internet-based shipping technology in a deal that Stamps.com says will establish it as the only online service able to offer small business, consumer and corporate enterprise customers a single source for all their mailing and shipping needs. The deal combines iShip.com's Web-based multi-carrier shipping technology with Stamps.com's core Internet Postage service, providing customers one-stop access to mailing, shipping and tracking services, as well as label printing for such leading parcel carriers as the Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval and UPS. The combined company will also enable carriers to reach new customers. iShip.com's investors and strategic partners include Mail Boxes Etc., eBay, Intel, venture capital firm Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. and UPS. Stamps.com will issue eight million shares of its common stock for iShip.com in a deal valued at $300 million. "This acquisition will revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way mailing and shipping services are offered," predicts Stamps.com CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John Payne. "Eighty- five percent of all e-commerce packages are shipped through the US Postal Service and UPS. Anchored by Stamps.com's strong relationship with the Postal Service and iShip.com's historic relationship with UPS, our new combined company is positioned to take advantage of the rise in e-commerce shipments." |
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