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POSTEA ACQUIRES SYSTEMS DEVELOPMENT FIRM CYKOR SYSTEMS
Fairfax, VA – 5th October, 2010 – Postea Inc., a technology provider for the postal, mailing and logistics industry, announced that it has acquired Cykor Systems, a software solutions consultancy based in Oxford, UK.
Cykor Systems was founded in 2005 by industry specialist Mark Durbin to develop new technologies and services for the worldwide postal market. Cykor has been under contract with Postea since 2009 to provide an enterprise level architecture that supports Postea’s products.
Mark Durbin, founder of Cykor, said "We're all very excited at Cykor Systems. This cements the long term relationship that we have had with Postea and its companies and allows us to offer our expertise and experience to all of Postea's technology ventures going forward."
“Our acquisition of Cykor is in line with our priority to build a world-class team at Postea,” said Elmar Toime, co-founder and chairman of the board of Postea. “We’ve been working with them for a number of years, and are excited to have them join us. Mark and his team bring both technical and industry experience that will help Postea build the next-generation of postal, courier and logistics products.”
Cykor’s Oxford, UK office will become Postea’s European headquarters, and will function as the base for development and European sales.
About Postea Inc. Postea was founded in 2007 as a technology provider for the postal, mailing and logistics industry. The company has brought together some of the most experienced and influential leaders to help create the next generation of postal technologies, services, support and financing. Postea invests in technologies and companies that enable operators to better compete in the deregulated postal market and its portfolio includes emerging and established companies – all of which are forward-thinking and innovative.
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