Another Austin company is going to be acquired by another company and that is ShippingEasy Inc. for a total amount of $55 million. The acquiring company – Stamps.com Inc. from California – is expected to finalize the buyout by early July and the Austin company will be a new division under Stamps.com with the same managing team. ShippingEasy is well known for their web-based shipping software that would allow customers to ship orders and track them, especially those in the e-commerce industry.
Performance-linked equity award shares will be given to the Austin company’s executives as a part of their agreement with Stamps.com. ShippingEasy’s current Austin office space is located at 609 Castle Ridge Rd
Read more about this here: Austin’s ShippingEasy to be acquired for $55M