Global-E Announces Closing Of Acquisition Of Borderfree Cross-Border Ecommerce Service From Pitney Bowes
Acquiring Company
Global-E Online Ltd
Acquired Company
Borderfree Service
Kuala LumpurCommerce and ShoppingSoftwareCommerce And ShoppingInternet ServicesE CommerceFashionRetailDescription
Global-e (NASDAQ: GLBE) (“Global-e” or the “Company”), the world’s leading cross-border end-to-end platform for brands and retailers, today announced the closing of its previously announced acquisition of Borderfree cross-border ecommerce solutions business from Pitney Bowes (NYSE: PBI). Borderfree helps retailers enter new global markets by localizing their domestic website in 200+ countries and territories, simplifying compliance and regulations processing.
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Frequently asked
Who acquired Borderfree Service?
Borderfree Service was acquired by Global-E Online Ltd, based in Kuala Lumpur. The deal was reported on July 1, 2022. Global-E Online Ltd. is an e-commerce service provider specializing in cross-border transactions for retailers. The company enables brands to expand their markets by offering solutions for international e-commerce. Global-E Online Ltd is publicly traded (GLBE) and operates in Commerce and Shopping.
When did Global-E Online Ltd acquire Borderfree Service?
Global-E Online Ltd's acquisition of Borderfree Service was reported on July 1, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Borderfree Service do?
Borderfree Service is the company acquired in this transaction. It is privately held.
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