Bongo urged online retailers attending this year’s IRCE conference to “Expand into International eCommerce with Bongo.” Now, the company has sold itself to FedEx.
The shipping carrier said the acquisition of Bongo allows it to expand its “cross border enablement solutions,” explaining that Bongo’s capabilities complement and expand its own portfolio of offerings that are important to the rapidly growing global ecommerce marketplace.
Specifically, Bongo International’s capabilities include duty and tax calculations; export compliance management; HS classification; currency conversions; international payment options inclusive of language translation; shopping cart management and fraud protection.
“With a base of over 2,000 retailers across Europe, the UK and U.S., Bongo International is currently delivering cross border enablement solutions to more than 200 countries worldwide,” according to the announcement.
“We anticipate global e-commerce to continue on a double digit growth trajectory,” said T. Michael Glenn, FedEx Corporation Executive Vice President, Market Development and Corporate Communications.
FedEx also recently acquired GENCO, one of the largest third-party logistics providers in North America.