SOURCE: Shipwire

Shipwire

July 13, 2011 09:01 ET

Shipwire Receives Capital Injection From eBay and Newell Rubbermaid

eBay and Newell Invest in Shipwire, to Help Accelerate Growth of Small and Mid-Market Businesses

PALO ALTO, CA--(Marketwire - Jul 13, 2011) - Shipwire™, the leading independent provider of outsourced order fulfillment, today announced a capital investment from new investors eBay (NASDAQ: EBAY) and Newell Rubbermaid (NYSE: NWL), and joined by existing investor Meakem Becker Venture Capital. This new investment follows significant momentum in small and mid-market adoption of Shipwire outsourced shipping and SaaS order management software. eBay and Newell Rubbermaid have invested in Shipwire, to give businesses the tools to lower their shipping costs and scale their businesses, so that they can be competitive in today's e-commerce market. This funding will support the expansion of the Shipwire global warehouse network into new countries, and accelerate the enterprise feature development of the Store-Sell-Ship™ cloud logistics platform.

Merchants using Shipwire will benefit from nearly 100 years of combined e-commerce and shipping market experience, being added to the Shipwire boardroom. eBay will be represented by Jean-Francois Van Kerckhove, Vice President and Head of Corporate Strategy at eBay. Newell Rubbermaid will be represented by Amine Khechfe, the founder and general manager of DYMO Endicia, the leading provider of shipping and mailing postage technology solutions, with more than $6 billion in postage printed. The former president of FedEx Ground, Ivan Hoffman, will also join the Shipwire board.

"Shipwire built a logistics technology platform, that gives any seller access to storage and shipping tools in domestic and international markets, previously only available to the largest merchants," said Mr. Van Kerckhove. "Shipwire's innovative fulfillment solutions will be a boost to growing merchants, as they seek new ways to meet the shipping and customer service needs of buyers."

Newell Rubbermaid's Global Business and Technology Solutions division, which includes DYMO™ Endicia® Postage Technologies, provides businesses, educational institutions and consumers with innovative and easy ways to share, manage and organize information with improved efficiency and satisfaction.

"Since 2006, DYMO Endicia and Shipwire have been working together to provide businesses with innovative shipping software and e-commerce tools," states Mr. Khechfe. "Investing in Shipwire will allow both companies to accelerate the distribution of U.S. Postal Services® shipping technologies, and assist brands in automating and scaling their businesses, domestically and globally."

"Investments from eBay and Newell Rubbermaid are a demonstration of alignment, and of Shipwire's competitive position in the market," said Damon Schechter, Founder and CEO of Shipwire. "Our new strategic partners bring technology, connections, and future marketing channels, to help evangelize outsourced shipping, and reinforce Shipwire's position as the leading provider of outsourced shipping services to growing businesses."

For more information about Shipwire's outsourced order fulfillment, please visit www.shipwire.com.

About Shipwire (http://www.shipwire.com)

Shipwire is a cloud-based provider of shipping software, and outsourced pick-pack and ship ecommerce order fulfillment services, with a global network of warehouses. Online sellers send their inventory to one of Shipwire's warehouses in the U.S., Canada, or Europe, and instantly connect Shipwire to their online store or marketplace. Customers buy from the merchant online. Shipwire uses "least-cost routing" to optimally pick, pack and ship the order to the buyer faster, and for less shipping cost. For a free trial of outsourced order fulfillment, online postage printing, or order management software, contact 1-888-SHIPWIRE or sign-up at http://www.shipwire.com/trial. Shipwire is developer- and partner-friendly; learn more about our shipping affiliate partner program.

About eBay

Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ: EBAY) connects hundreds of millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.

About DYMO Endicia

DYMO Endicia provides customizable, easy-to-use and affordable shipping and mailing solutions. With more than 25 years of postal industry experience, DYMO Endicia is the leading provider of shipping and mailing postage technology solutions with over $6 billion in postage printed. For more information on DYMO Endicia products and services, visit www.endicia.com. Follow DYMO Endicia on Twitter @DYMO_Endicia.

About Newell Rubbermaid Global Business and Technology Solutions

DYMO is the master brand name for the Newell Rubbermaid Global Technology Solutions portfolio. In a world that demands greater productivity and measures it at every opportunity, DYMO provides businesses, educational institutions and consumers with innovative and easy ways to share, manage and organize information with improved efficiency and satisfaction.

Our DYMO global technology brands are organized into four solutions:

  • DYMO® Labeling Identification Solutions include DYMO hand-held label makers, PC connected label and postage printers, plus Industrial labeling tools (www.dymo.com).
  • DYMO™ CardScan® Contact Management Solutions include CardScan business card scanners and contact management software (www.cardscan.com).
  • DYMO™ Endicia® Postage Technologies include Endicia online shipping and mailing services (www.endicia.com), as well as customized postage (www.pictureitpostage.com).
  • DYMO™ / Mimio® ITT (Interactive Teaching Technologies) include Mimio interactive whiteboard technology, digital ink recorders, document cameras, student response systems and engaging lesson plan content (www.mimio.dymo.com).

These global technology brands complement Newell Rubbermaid's strong portfolio of global brands, which also includes Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Waterman®, Parker®, Goody®, Rubbermaid Commercial Products® and Aprica®.

About MBVC

Meakem Becker Venture Capital is a nationally focused, early stage venture firm founded in late 2005 by Glen Meakem and Dave Becker, the former executives that co-founded and ran FreeMarkets, Inc. (acquired by Ariba in 2003). Meakem Becker invests in a wide range of technology companies. More information about Meakem Becker Venture Capital can be found at http://www.mbvc.com.

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