industry business services founded 1998 headquarters el segundo california u.s. key people jim mcdermott founder jeff green founder ari engelberg founder ken mcbride chairman & ceo kyle huebner co president & cfo jim bortnak co president and corporate & business development officer products internet postage custom postage stamps shipping software number of employees 250 1 website www.stamps.com stamps.com is an american company that provides internet based mailing and shipping services . stamps.com is a public company and trades on the nasdaq exchange under the symbol stmp . the company s main offices are located in el segundo california . contents 1 history 2 products 2.1 online postage 2.2 photostamps 3 controversy 4 see also 5 references 6 external links history edit founded in 1996 2 stamps.com was created under the name stampmaster by jim mcdermott ari engelberg and jeff green who at the time were mba graduate students at ucla . 3 4 stampmaster was among the first companies to obtain usps approval for beta testing and introduce internet postage to the market . the postal service began announcing proposals for digital delivery of postage in 1996 . 5 stamps.com finished its series a funding in february 1998 with 1.5 million . series b funding followed in august 1998 with 4.52 million . 6 it had its last round of private financing in february 1999 7 which generated 30 million 6 from investors including former postmaster general marvin runyon . 5 the company went public in june of the same year 4 8 and raised 55 million in its ipo . 6 less than six months after its ipo the company had its secondary public offering . 7 in august 1999 the postal service granted permission for stamps.com to sell their service nationally . 5 stamps.com purchased iship.com a company which compared prices of shipping services for 305 million in stock or eight million shares in october 1999 . 9 10 in 2001 stamps.com named ken mcbride its ceo . 11 the u.s. postal service authorized the first market test of photostamps in 2004 . 12 in 2005 the company reported 10.4 million in net income . 11 photostamps was re launched in may 2005 for another year long test run . 13 the united states congress amended a law that prohibited attaching business advertising to postage in january 2006 and lifted the restriction in may of that year which allowed businesses to use photostamps . 12 in september 2006 the company launched photo netstamps which combined its previous netstamps product with photostamps . this combination allowed photostamps to be used with exact postage printed from stamps.com software . 14 by 2008 stamps.com had over 300 000 customers . 15 the company recorded revenues of 38.6 million in 2012 . 11 by 2013 it had approximately 465 000 registered customers . 2 stamps.com reported 147.3 million in revenue the following year . 16 it acquired shipstation a web based multi carrier shipping solution based in austin texas in june 2014 for 50 million and up to 768 900 shares of stock . shipstation was founded in 2010 and creates tools to import orders from shopping cart platforms for order fulfillment the acquisition made shipstation an independent subsidiary of stamps.com operated by its existing management team . 17 in october that same year stamps.com acquired shipworks a multi carrier shipping software company that integrates with shopping cart platforms for 22 million . shipworks continues to operate as an independent wholly owned subsidiary . 18 in march 2015 stamps.com entered into an agreement to acquire endicia another internet postage company from newell rubbermaid for approximately 215 million . 19 20 endicia s products include the dymo stamps and pictureitpostage brands . 19 on june 20 2016 stamps.com announced that it had entered into a definitive agreement to purchase shippingeasy inc. an austin texas based company which offers web based multi carrier shipping software that allows online retailers and e commerce merchants to organize process fulfill and ship their orders . stamps.com agreed to acquire shippingeasy for 55 million in cash as well as performance linked equity awards of 87 000 shares of stamps.com s common stock . 21 products edit online postage edit usps first class package international via stamps.com stamps.com s service is a way for small businesses enterprises and online retailers to print official united states postal service stamps and shipping labels with their computer printer and an internet connection . stamps.com sends customers a digital scale to weigh letters and packages to ensure the correct amount of postage is applied to the piece of mail . the amount of postage applied is then deducted from the customer s stamps.com account . customers can print postage on envelopes regular paper or adhesive labels . the system integrates with external address books applications including outlook and act small business applications such as microsoft word and intuit s quickbooks and e commerce platforms such as ebay and amazon.com . 22 photostamps edit stamps.com also offers a product called photostamps that allows customers to upload personal photographs or logos to be printed on real u.s. postage stamps . photostamps are sold as a sheet of 20 postage stamps . 23 stamps.com corporate headquarters . los angeles california . controversy edit while the smoking gun successfully ordered photostamps with controversial images 24 stamps.com s current policy prohibits images of world leaders or any material that is vintage in appearance or depicts images from an older era . 25 stamps.com s cancellation process requires the customer to call a representative to cancel . customers are charged their monthly subscription fees at the end of the month and thus a customer is charged a final payment when canceling the month to month service . 26 in 2009 stamps.com settled a class action lawsuit in which the plaintiffs alleged unreasonable hold times when they attempted to cancel service over the phone which resulted in delayed closing of their accounts . citation needed see also edit pitney bowes endicia internet postage references edit stamps.com company info company overview . investor.stamps.com . retrieved may 12 2015 . a b plenty of potential for stamps.com even after run up . forbes . june 3 2013 . retrieved may 12 2015 . debora vrana february 18 1999 . stamps.com raises 30 million . la times . retrieved july 11 2016 . a b karen kaplan june 21 1999 . stamps.com online postage due but first an ipo . la times . retrieved may 12 2015 . a b c melody petersen august 10 1999 . buying stamps can now mean just a trip to the computer . the new york times . retrieved may 12 2015 . a b c company description . built in los angeles . retrieved may 12 2015 . a b peter gumbel october 2001 . mail ego . los angeles magazine . andy wang july 20 1999 . stock watch stamps.com rockets after office depot announcement . ecommerce times . retrieved may 12 2015 . stamps.com to purchase iship.com . la times . october 26 1999 . retrieved may 12 2015 . company news ; stamps.com agrees to acquire iship.com . the new york times . october 26 1999 . retrieved may 12 2015 . a b c stuart pfeifer march 18 2013 . stock spotlight stamps.com delivering sales profit growth . la times . retrieved may 12 2015 . a b your stamp here . bloomberg . september 17 2006 . retrieved may 12 2015 . photostamps goes live again . l.a.biz . may 17 2005 . retrieved may 12 2015 . stamps.com launches photo netstamps . creative pro . retrieved may 12 2015 . armando roggio december 22 2008 . the pec review stamps.com is a helpful tool for many merchants . practical ecommerce . retrieved may 12 2015 . stamps.com inc . cnn . retrieved may 12 2015 . abby callard june 17 2014 . stamps.com buys shipping software vendor shipstation . internet retailer . retrieved may 12 2015 . melissah yang october 20 2014 . stamps.com acquires shipworks . los angeles business journal . retrieved may 12 2015 . a b stamps.com to buy online shipping firm endicia for 215 mln . . nasdaq . march 24 2015 . retrieved may 12 2015 . matt lindner march 25 2015 . stamps.com acquires endicia for 215 million in cash . internet retailer . retrieved may 12 2015 . stamps.com to acquire shippingeasy . streetinsider.com . june 20 2016 . retrieved july 11 2016 . simson l. garfinkel december 23 1999 . stamp out the postal blues . the boston globe . retrieved may 12 2015 . asha dave february 17 2011 . 15 year old takes stage at nc jazz festival . wwaytv . retrieved may 12 2015 . stamps of approval rosenbergs milosevic lewinsky dress now on official u.s. postage . thesmokinggun.com . august 31 2004 . retrieved june 12 2011 . terms and conditions . photostamps.com . retrieved 2014 02 03 . stamps.com . stamps.com . retrieved 2014 02 03 . external links edit official website interview with jim mcdermott co founder of stamps.com retrieved from https en.wikipedia.org w index.php title stamps.com & oldid 744560837 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