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United States : FedEx Expanding Cross Border Enablement Solutions with Acquisition of Bongo International.

FedEx Corp. announced today that it acquired Bongo International, a leader in cross border enablement technologies and solutions. Bongo International s capabilities complement and expand the FedEx portfolio of offerings important to the rapidly growing global e-commerce marketplace.

Bongo International s technology and processes provide a comprehensive and integrated end-to-end solution that helps retailers and e-tailers grow by reaching international e-commerce consumers. Bongo International s capabilities include duty and tax calculations; export compliance management; HS classification; currency conversions; international payment options inclusive of language translation; shopping cart management and fraud protection.

With a base of over 2,000 retailers across Europe, the UK and U.S., Bongo International is currently delivering cross border enablement solutions to more than 200 countries worldwide.

We anticipate global e-commerce to continue on a double digit growth trajectory, said T. Michael Glenn, FedEx Corporation Executive Vice President, Market Development and Corporate Communications. Bongo International s end-to-end cross border enablement capabilities will greatly enhance the FedEx portfolio of global e-commerce solutions and provide customers with unmatched flexibility to establish and expand their international business and customer base.

Our knowledge and experience within the evolving cross border enablement environment, as well as our customer-centric culture, is a perfect fit with FedEx. We re excited about joining the FedEx family, said Craig Turnbull, Bongo International Co-Founder and Chief Executive Officer. Our collective cross border and transportation solutions will catapult our customers global e-commerce business capabilities.

Bongo International is headquartered in St. Petersburg, Fla. and will operate as a subsidiary of FedEx Trade Networks.

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Publication:Mena Report
Date:Dec 17, 2014
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