Stamps.com Sticks to B2B Market
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Online postage firm Stamps.com Inc. Tuesday became the latest company to expand into the business-to-business space by restructuring to provide Internet mailing and shipping services to large corporations and e-commerce companies.
Stamps.com (STMP) will target its B2B services toward enterprise, e-commerce and small business market segments. The company's enterprise unit will offer companies with more than 100 employees an Internet-based, multi-carrier mailing and shipping service.
For e-commerce firms, Stamps.com will provide mailing and shipping services available at the conclusion of any transaction. Current customers include auction sites eBay Inc. (EBAY) and AuctionRover.com, with more e-tailers expected to be announced in the future.
Stamps.com's traditional consumer business is now targeted specifically toward small businesses and individuals. This division will continue to offer an Internet-based solution for printing and shipping U.S. Postal Service-approved postage to companies with less than 100 employees, the company said.
"This new organization recognizes the importance of enterprise and e-commerce sales efforts within Stamps.com in recent months," said Payne. "With the addition of these two business units, we are aligned to deal with our continued explosive growth in the enterprise and e-commerce market segments."
In addition to the restructuring, Stamps.com Tuesday finalized its $300 million acquisition of iShip, which was announced in October. iShip provides shipping services for corporate customers, and its product line has been integrated within Stamps.com's offerings.