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Global-e to Acquire Borderfree Cross-Border e-Commerce Service from Pitney Bowes.

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Vincent

MANews-(C)2009-2022

Israel-based retailer cross-border platform Global-e (NASDAQ: GLBE) has entered into a definitive agreement with US-based shipping and mailing company Pitney Bowes (NYSE: PBI) to acquire the global shipping and mailing company's Borderfree cross-border ecommerce solutions business, the company said.

Borderfree helps retailers enter new global markets by localizing their domestic website in 200+ countries and territories, simplifying compliance and regulations processing.

In addition, the companies will begin a strategic partnership and commercial relationship whereby Pitney Bowes will provide cross-border ecommerce logistics services to Global-e and its clients.

In turn, Pitney Bowes clients will receive access to cross-border solutions on the Global-e platform.

The acquisition and partnership are expected to strengthen Global-e's offering and solutions for large enterprises.

Both businesses will benefit from the combination of unique capabilities that will attract marquee retailers from around the world.

Leveraging Borderfree's capabilities, Global-e will provide merchants with a solution of global demand generation, the company said.

Current Borderfree clients will gain access to Global-e's platform localization capabilities, in combination with Global-e's unique data models and AI-algorithms for conversion optimization.

Global-e...

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