• Expedited Delivery
  
  • What We Do
  • How We Do It
  • Service Comparison
• The Process
• New Technology
• Our Network
• Products & Services
  
  • Flats
  • Bound Printed Matter
  • Small Parcels
  • Media Mail
• Industry Solutions

MAILEXPRESS SECURES $30M IN SERIES D FUNDING

Capital to further fuel expansion plans & aggressively grow customer base

ATLANTA –JUNE 26, 2009 – MailExpress, Inc., the nation’s leading provider of performance mail solutions for corporate customers nationwide, today announced that it has successfully closed a $30 million Series D round of funding, led by Lightspeed Venture Partners, a leading global venture capital firm. Managing Director for Lightspeed Eric O’Brien will be joining MailExpress' Board of Directors. Joining Lightspeed in this round are all current members of the investor syndicate: CMEA Capital, Logispring, XAnge Capital and Adams Street Partners.

MailExpress will leverage this new round of funding to support the company’s stellar revenue and customer growth by investing strategically within sales, marketing and business development. Additionally, MailExpress will expand its nationwide processing and distribution network to meet the growing daily shipment count. MailExpress currently processes over a million shipments weekly for a growing roster of blue chip customers.

"MailExpress is addressing an enormous market with an innovative, technology-enabled approach that brings significant value to its customers both in the form of lower shipping and mailing costs, as well as improved service levels that have direct business impact,” said O’Brien. “As Lightspeed evaluated the platform that MailExpress has built – including its sophisticated operations infrastructure, world-class management team and blue chip customer base – we recognized an opportunity to back a proven winner. Our goal is to help MailExpress accelerate its growth and market-leading position in an industry that has not seen this level of innovation in many years."

"MailExpress continues its impressive 100 percent growth rate by creating logistics services that define new customer applications and standards in cost and delivery times,” said Jim Watson, managing general partner at CMEA, a founding investor in MailExpress that has continued to support the business in every funding round. “Because of their agility in mail processing operations and solid reputation for unparalleled customer service, they have increasingly secured large customer wins across broad sectors of the economy."

Founded in 2005 by the same innovative team of industry veterans that invented the performance mail concept in 1996 while they were at SmartMail (bought by DHL), MailExpress combines the strengths and capabilities of MailExpress’ processing and distribution network with a seamless integration into the U.S. Postal system (USPS) to accelerate the “last mile” link in the delivery chain. With the company’s national distribution network and proprietary OnTrack™ technology platform, MailExpress is the only company in the industry capable of providing high-volume corporate shippers with reduced costs and superior speed combined with verifiable tracking and customized reporting among other benefits.

"We’re proud of how far we’ve come and how fast we’ve grown since our initial funding in September of 2005,” said MailExpress President and CEO Bob Moss. "In addition to building out our nationwide infrastructure and innovative software, we now count more than 90 blue chip companies as customers. This includes significant market segments in the pharmacy benefits management (PBM) and e-commerce retail business-to-consumer spaces. With this additional infusion of capital, we’re able to build on these accomplishments by keeping our foot steadily on the accelerator as we continue to rapidly scale our business."

ABOUT LIGHTSPEED VENTURE PARTNERS
Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed’s investment professionals and advisors are located in Silicon Valley, China, India, and Israel. Over the past two decades, the Lightspeed team has backed more than 150 companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Calista, Ciena, DoubleClick, eHealth, Galileo Technology, Growth Networks, Informatica, Kiva Software, LightLogic, Maker Communications, Metasolv, Openwave, Quantum Effect Devices, Riverbed, Sirocco, Virsa Systems and Waveset. For more information, visit the Lightspeed website: www.lightspeedvp.com.

About MailExpress

Atlanta-based MailExpress, Inc. (www.mailexpressinc.com) has quickly become the preferred mail solution for companies who mail large volumes of light parcels and non-letter-size mail. MailExpress leverages their industry expertise to provide first-class speed, online tracking, real-time analytics and customized reporting, all in a very cost-effective solution for its customers - leaders in pharmaceuticals, financial services, e-tail, digital print and marketing services. MailExpress is the only company in the industry dedicated exclusively to performance mail services, allowing MailExpress to focus solely on developing best-of-class shipment solutions. For more information, contact us at 800.920.5494, or visit our website at www.mailexpressinc.com.

MailExpress Contact: