Royal Mail plc has announced it has
enhanced its in-house IT capability through the purchase of StoreFeeder, a
privately-held UK-based technology company.
StoreFeeder built Royal Mail’s
consumer and small business shipping tool, Click and Drop, which was launched
in October 2014. As well as allowing consumers and small businesses to ship
with Royal Mail within a few clicks, Click and Drop enables eBay sellers to
integrate their accounts and buy and print postage labels without manually
inputting the address of each individual buyer. Click and Drop now also offers
Paypal as a payment method in addition to credit and debit cards.
The purchase of StoreFeeder will
support Royal Mail’s continuing efforts to enable customers of all sizes to
connect and ship parcels easily through online tools and Application
Programming Interfaces (APIs). The
financial terms of the transaction are not material in the context of the Royal
Mail Group as a whole. StoreFeeder will continue to operate in the same way for
its existing clients.
Nick Landon, Managing Director of
Royal Mail Parcels, said: “Having successfully developed and launched our new
shipping tool which has worked very effectively through the busy Christmas
period, the acquisition of StoreFeeder was a clear strategic choice. I’m
delighted that we will now be able to accelerate the development and release of
even more tools to make shipping parcels with Royal Mail easier and more
convenient.”
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