reported $147.3 million in revenue the following year. īy 2013, it had approximately 465,000 registered customers. The company recorded revenues of $38.6 million in 2012. By 2008, had more than 300,000 customers. This combination allowed PhotoStamps to be used with exact postage printed from software. In September 2006, the company launched Photo NetStamps, which combined its previous NetStamps product with PhotoStamps. The United States Congress amended a law in January 2006 that had prohibited attaching business advertising to postage, effective in May of that year, which cleared the way for businesses to use PhotoStamps. PhotoStamps was re-launched in May 2005 for another year-long test run.
In 2005, the company reported $10.4 million in net income. Postal Service authorized the first market test of PhotoStamps in 2004. purchased, a company that compared prices of shipping services, for $305 million in stock or eight million shares, in October 1999. In August 1999, the Postal Service granted permission for to sell its service nationally. Less than six months after its IPO, the company had its secondary public offering. The company went public in June of the same year and raised $55 million in its IPO. It had its last round of private financing in February 1999, generating an additional $30 million from investors including former Postmaster General, Marvin Runyon.
#STAMPS COM VS ENDICIA SERIES#
Series B funding followed in August 1998 with $4.52 million. finished its Series A funding in February 1998 with $1.5 million. The Postal Service began announcing proposals for digital delivery of postage in 1996. StampMaster was among the first companies to obtain approval from the United States Postal Service for beta testing and introducing Internet postage to the market.
Founded in 1996, was created under the name StampMaster by Jim McDermott, Ari Engelberg, and Jeff Green, who at the time were MBA graduate students at UCLA.
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