Stord, the e-commerce startup looking to take on Amazon, acquires UPS subsidiary

Logistics startup Stord said Monday that it's buying UPS subsidiary Ware2Go as it looks to expand its footprint in the e-commerce space. The company declined to provide specifics on the purchase price of the deal. The Atlanta-based company founded by former Thiel Fellow Sean Henry said the acquisition will boost Stord's competitive edge as it looks to chip away at the e-commerce space dominated by the likes of Amazon . Ware2Go is a third-party delivery company that looks to make quick delivery more accessible for merchants, according to its website. Henry told CNBC the acquisition builds on the company's push to "level the playing field" against companies like Amazon's Prime for checkout and fulfillment services for smaller businesses by offering the infrastructure. "The hardest problem for all these independent merchants across the rest of the internet and trying to compete with Prime is really scale," he said. "Logistics is still a physical world where you need a lot of packages ... Read full article.