Ingram Micro Takes Over Shipwire
Source Media, October 30, 2013
The latest purchase by Ingram expands the company’s presence within the e-commerce fulfillment market.
Ingram Micro Inc. (NYSE: IM), a distributor of information technology products, has acquired Shipwire for an undisclosed price.
Shipwire is a startup that aims to make it easier for businesses to quickly ship inventory to customers. The Palo Alto, Calif.-based target provides web-based solutions for storing and shipping merchandise. In 2011, eBay Inc. (Nasdaq: EBAY) and Newell Rubbermaid Inc. (NYSE: NWL), along with Sewickley, Pa.-based venture capital firm Meakem Becker, each invested in Shipwire. Before that, the company raised about $4 million in Series A funding in a round led by Meakem Becker in 2007.
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