Pitney Bowes to buy cross-border e-commerce services provider Borderfree

New York -- Borderfree, a provider of cross-border e-commerce services, announced that it signed a definitive agreement to be acquired by Pitney Bowes Inc. for $14 per share in cash, or approximately $395 million. The acquisition comes as Pitney Bowes looks to expand more into software and digital-commerce services.



Borderfree, which generated approximately $125 million in revenue in 2014, manages all aspects of the international shopping experience, including site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage and global logistics services.



"The combination of Borderfree's cross-border ecommerce capabilities with our own solutions expands our portfolio of offerings and extends our global reach," said Marc B. Lautenbach, president and CEO, Pitney Bowes. "Together, we have a significant opportunity to help our clients expand and grow by providing a comprehensive range of complementary, cross-border ecommerce solutions in the fast-growing global ecommerce marketplace."



The acquisition is expected to close in the second quarter.