acquired by Thoma Bravo

Leading software investment company Thoma Bravo has agreed a deal to buy US e-commerce solutions firm The acquisition values at US $6.6 billion.

Shareholders of will receive $330 per share in cash, amounting to a 67% premium on the company’s closing share price on 8th July 2021. It will then become a private company. As well as being more flexible and having the resources to operate more effectively, it will benefits from the operating capabilities, capital support and expertise of Thoma Bravo.

“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,” said Ken McBride,’s Chairman and CEO. “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. This transaction is a testament to the excellence and hard work of all of our employees and their relentless dedication to our customers and partners throughout the world.”

“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,” said Holden Spaht, a Managing Partner at Thoma Bravo. “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.”

“We’ve been tracking the impressive growth of for many years and are excited to partner with the team to support the Company in continuing to drive cutting edge product innovation, expansion into new markets, and delivery of an even greater level of service and support to its impressive customer base,” said Brian Jaffee, a Principal at Thoma Bravo. “The e-commerce landscape is rapidly evolving and we look forward to partnering with the team to continue building on the Company’s leading position in e-commerce shipping solutions.”

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