Borderfree Reports First Quarter 2015 Financial Results and Agrees to Acquisition by Pitney Bowes
NEW YORK, May 5, 2015 -- Borderfree (BRDR), a market leader in global ecommerce, today announced financial results for the quarter ended March 31, 2015. The company also announced that it signed a definitive agreement to be acquired by Pitney Bowes Inc. (PBI) for $14.00 per share in cash.
Pitney Bowes Acquisition of Borderfree
"Over the last eight years, we've built Borderfree into a market leader in global ecommerce," said Michael DeSimone, Chief Executive Officer of Borderfree. "We're excited to join forces with Pitney Bowes, a global technology company offering innovative products and solutions that enable commerce globally. Pitney Bowes' technology, commerce and logistics expertise will help accelerate our growth and the ability for our combined businesses to realize our full potential as a leader in the dynamic global ecommerce market."
- Published: 06 May 2015
- Written by Editor