Stamps.com got its start in October of 1999, when John Payne, the original Chief Executive Officer, announced the beginnings of the first-ever US Postal Service-approved internet postage phenomenon. The launch of this website meant that businesses nationwide were free to print their own postage and prepaid packaging labels – which meant a big change for both the founders and new Stamps.com customers. The ability to accomplish tasks in-house that formerly had to be done outside the office allowed for more time spent productively as opposed to standing in line or driving to the Post Office.
The internet-based company, publicly traded on the NASDAQ under the symbol STMP, has provided a variety of integrated services since it beta tested in 1998. Besides printing postage directly on envelopes and labels, it features software that includes functions such as internet addressing (if a customer only has a partial address for a client, Stamps.com will fill in the missing information, including the +4 suffix on a ZIP code), account history tracking (there is a record of every package including its weight, addressee, postage amount, and date sent), integration with MS Word software, customizable labeling (including the ability to add your own logo or message to the “stamp” you print).
The partners who currently run the company have extensive experience in all aspects of education and the professional world – Michael Biswas, the current Vice President of Development, worked for Allbusiness.com and TeleTech Communications before joining Stamps.com; James Bortnak, Chief Marketing Officer, was a business lawyer who focused on startups and technologies; John Clem, VP for Strategy and Product Development, has a Bachelors in Mechanical Engineering as well s a Masters in Business; Kyle Huebner, Chief Financial Officer, and JP Leon, VP for Postal Affairs and Postal Technology, also have engineering backgrounds before switching to business; Ken McBride, current President and CEO, was a Wall Street research analyst; and Seth Weisberg, Chief Legal Officer and Secretary, holds various degrees in Law, Physics and Astronomy, Economics, and History.
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