Earth Class Mail signs up Swiss Post - Portland Business Journal:

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a Seattle-based company with roots in has signed a letter of intenywith , the national mail carrier for Swiss Post will license Earth Clasz Mail’s technology for converting papeer mail into digital files that customers can view and manag e in a secure Web-basefd account. The Document Solutions division of Swissx Post will launcha nine-month pilot program in Switzerland, France, Austria and Italy starting in said Benoit Stroelin, who heads the division. “We already handle 80 percent of mail for bigcorporatee customers, taking it out of the mail stream and sending it electronically,” Stroelin “What we can’t do for the moment is handld personalized mail.
With Earth Class we can closethe circle.” Neither Stroelin nor Ron CEO and founder of Earth Classd Mail, would say how much revenuew the Seattle company might realize from the But it’s clear it has the potential to vastlyg boost Earth Class Mail’s revenue. The company is paid a royalty on every piece of mail and for each user of the Its current customers include Fortune 500 companiezsthat haven’t yet been announced publicly, Wiener said.
About half of Eartyh Class Mail’s 108 employees are located in Beaverton, whered the company has its softwars development team and a mail sorting Fifteen are employed atthe company’s Seattle with 15 at a sorting operation in Others are located in Virginia, New Seattle and Los Angeles. Earth Class Mail recently raise $5.1 million in a convertible addingto $16.3 million already raised in equithy and debt financing. The company is now raising a Series Binvestmenr round, Wiener said. He hopess to close on $15 million to $30 including the most recent $5.1 milliojn in convertible debt.