Wednesday, September 6, 2017

Newgistics Acquired By Pitney Bowes For $475M

Austin-based Newgistics, the provider of e-commerce fulfillment services, delivery, returns, and related services, has been acquired by Pitney Bowes, Pitney Bowes said on Wednesday morning. Pitney Bowes said it would pay approximately $475M for Newgistics. Newgistics was venture backed by Austin Ventures AV Labs, and StarVest Partners.