Pitney Bowes Acquires Two Software Companies In Location Intelligence Market
STAMFORD, Conn., December 17, 2007 - Pitney Bowes Inc. (NYSE:PBI) announced today that it has recently made two acquisitions of international software companies to expand the company’s capabilities and geographic presence in the field of location intelligence.
The first acquisition is Encom Holdings Pty Ltd, located in Sydney, Australia. Encom was founded in 1984 and has been a leading reseller of Pitney Bowes MapInfo location intelligence technology for many years, with a particular focus on the mining and drilling industries. Encom serves more than 1,000 clients worldwide.
The second acquisition is of the software distribution unit of Acxiom France, located in AsniÃ¨res-sur-Seine, France. Acxiom has been the exclusive distributor of PB MapInfo technology in France since 1989. In addition to offering several of PB MapInfo’s software products to the French market, Acxiom provides its own geomarketing and data analytics products, as well as other geographic data and professional services. Acxiom’s key customers are large organizations in both the private and government sectors in France.
“These acquisitions are consistent with our strategies to broaden our software capabilities and to grow our international revenues,” said Pitney Bowes President and CEO Murray Martin. “We see literally a world of opportunity in the location intelligence market, and we intend to pursue it aggressively. Businesses and government agencies worldwide are just beginning to understand the importance of location-assisted decision-making to their everyday operations.”
“The common thread in these acquisitions is that they involve solid companies, exciting technologies and trusted partners,” said Mike Hickey, president of Pitney Bowes Software (formerly MapInfo). “We are delighted to welcome the Acxiom and Encom employees and customers to our company and look forward to expanding our presence with their help in the years ahead.”
Financial terms of the transactions were not disclosed.
About Pitney Bowes
Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $6 billion. More information is available at www.pb.com.