Mail2000 bought by UPS
After leaving TPG, Mail2000 is bought by UPS
UPS’s venture capital arm, Strategic Enterprise Fund, identified Mail2000 as a good company for UPS to invest in. After taking a look at the technology and the team at Mail2000, UPS bought the whole company.
According to UPS spokesperson Peggy Gardner “Mail2000 complements our existing e-business operations and will provide synergies with other parts of our business. Mail2000 will continue under that name and the management team will remain and run the company.”
So UPS quietly acquires a company operating in a worksharing arrangement with the USPS. With five production facilities around the US, Mail2000 prints a client’s mail nearer the delivery point and hands it over to the USPS, pre-sorted, for final delivery. This results in a discounted postage and an increase in the speed of delivery. In the future it will mean that the USPS is paying UPS to prepare the mail for it!
Oh, what a strange world we live in!
Source: Staff
