The deal will enable the NASDAQ-listed company to become privately-owned


Corporate headquarters of in California. (Credit: Polylerus/

Private equity firm Thoma Bravo has agreed to acquire e-commerce shipping software solutions provider in an all-cash deal worth around $6.6bn.

The deal will enable the California-based publicly listed company to become privately held. As a privately-owned firm, is expected to have the flexibility and resources to continue providing global e-commerce technology solutions.

Besides, it will be backed by the capital support, operating capabilities, as well as the deep sector expertise of Thoma Bravo.

As per the terms of the transaction,’s shareholders will get $330 per share from the private equity firm. chairman and CEO Ken McBride said: “Today’s announcement marks a significant milestone in the history of and will provide us with a new and exciting platform from which we can continue to execute our global strategy driven by best-in-class software and technology solutions,

“With the financial and operational support of Thoma Bravo, can continue to innovate and pursue growth opportunities to capture the expanding e-commerce shipping market and extend our position as the leading global multi-carrier e-commerce shipping software company.”

The company currently serves consumers, small businesses, e-commerce shippers, enterprises, and high-volume shippers.

Its solutions are said to help businesses in smoothly running their shipping operations.

The company’s online mailing and shipping brands include, ShipEngine, Endicia, ShippingEasy, Metapack, ShipStation, ShipWorks, and GlobalPost. Through integrations with more than 500 unique partner applications, the brands are said to give seamless access to mailing and shipping services.’s Q1 2021 revenue was $189.1m, while net income was $34.2m, as announced in May 2021.

Thoma Bravo managing partner Holden Spaht said: “As the first company to introduce online postage and an early innovator in e-commerce shipping software, has established itself as a key technology solution in worldwide e-commerce.

“With a highly-seasoned management team that has driven impressive growth for more than twenty years, an innovative suite of market-leading software solutions, and a large and growing customer base, is well positioned to capitalise on the strong secular tailwinds in e-commerce and we are excited to support the Company in its next chapter of growth.”’s board of directors has approved the deal unanimously and has recommended the company’s shareholders to vote in its favour.

The deal, which will be subject to’s shareholders’ approval, receipt of regulatory approvals, and customary closing conditions, is expected to close in Q3 2021.