Businesswire.com, 27 May 2009
Postea Inc. announces that Singapore Post will license Postea’s suite of hardware and software technology. Postea develops and operates companies which provide technology and support to the postal, courier and logistics markets. Subsidiaries include Proiam LLC and Innovations Group Inc. (IGI). Innovations Group’s Retail Network and Franchise Management program is currently in deployment by the United States Postal Service.
In addition to the licensing agreement, Singapore Post has also made a strategic investment to acquire a 30 percent stake in Postea. This investment will support research and development and product development efforts currently underway within Proiam.
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