DURHAM – Shoeboxed, a very successful receipt data scanning company, has been acquired by Earth Class Mail. Terms of the deal were not disclosed.
Founded in 2007 by then Duke University student Taylor Mingos, the company launched as a website offering users a free service to manage receipts, track purchases and control the emails they received from online retailers.
“After 11 years of helping to organize the world, one receipt at a time, we could not be happier that we have now become part of a larger family with the very same mission,” said Tobi Walter, co-founder CEO, on behalf of the company in an email announcement and in a blog post.
Earth Class Mail, (ECM) founded in 2006, allows its users to receive mail digitally, scanned and ready to be filed where needed. It has processed more than 10,000,000 pieces of mail for businesses, entrepreneurs, and travelers.
Earth Class Mail recently released a new user interface after speaking to their customers for months, the company shared in a blog post on their website. “ECM is and was looking to broaden its offerings for its business customers,” said Drew Olanoff, a spokesperson for Earth Class Mail. “Shoeboxed was a great fit.”
Shoeboxed receives more than 250,000 documents by mail to their office in Durham, including receipts and business cards, the solution they first built the company around in 2007. According to their website, Shoeboxed has more than one million user accounts in more than 100 countries.
There is not yet an implementation plan, said Olanoff, but Walter will work with Earth Class Mail on the transition. “ECM’s CEO Jess Garza will be working on integrating and the like over time,” said Olanoff.
“I want to thank all of our customers deeply for your support, trust, loyalty, and feedback over the years,” wrote Walter, who co-founded the company with Taylor Mingos in September of 2007 and was elevated to the role of CEO earlier this year as co-founder and former CEO Mingos stepped away from the role and the company for personal reasons in March.
Previously on WRAL Techwire: