Pitney Bowes Continues to Innovate in Global Customer Support and Service for High-Volume Production Printers and Mailers
STAMFORD, Conn., April 26, 2011 - Pitney Bowes Inc. (NYSE: PBI) today said it will continue to innovate in providing global support and service to high-volume production printers and mailers around the world. The Company’s annual Global Document Messaging Technologies Customer Summit, which will be held on June 6 – 8, 2011, in Danbury, Connecticut, will bring together industry leaders to help share valuable insight and ideas for transforming and growing business.
“Pitney Bowes is a known leader in providing high-volume production printers and mailers with solutions and insight to help them grow by communicating more effectively with their customers,” said Ramesh Ratan, president, Pitney Bowes Document Messaging Technologies. “Our commitment to innovation, integrity and service is stronger than ever and we will continue to focus on delivering comprehensive, end-to-end solutions to help meet the long-term needs of our customers.”
Pitney Bowes is one of the largest companies in the customer communications management industry and has the financial strength to grow with customers for the long-term. In 2010, annual revenue for the Company was USD$5.4 billion. Free cash flow for 2010 was USD$962 million. The company also has increased its dividend each year for the past 29 years, including 2011.
As a world-class service organization for high-volume production printers and mailers, Pitney Bowes has more than 1,800 global factory trained specialists. In addition, Pitney Bowes is a leading provider of services for original equipment manufacturers and resellers of printing and mailing equipment through its Multi-Vendor Services business. Consisting of A+ certified specialists, Pitney Bowes Multi-Vendor Services offers a full range of product life cycle services including on-site maintenance services, installations, managed asset deployment and professional service.
As a global enterprise, Pitney Bowes is integral to the business processes of nearly two million organizations worldwide. Representative clients include more than 90 percent of the Fortune 500 firms; local, regional and national governments in scores of countries; and global giants in the health care, insurance, financial services, and telecommunications industries.
Providing innovative solutions that help organizations to improve operational efficiency and enhance the value they bring to their clients' communications is key to the firm’s success. Pitney Bowes continues to invest in R&D and strategic partnerships to bring advanced technology to the market. In 2010, the Company’s R&D investment was USD$156 million.
One example of this is Pitney Bowes’s recent expansion of its line of IntelliJet™ Printing Systems to provide the high volume transactional output industry with the fastest combination of speed and throughput. Designed to help print and mail manufacturing environments achieve a breakthrough level of operational productivity and cost savings, the Pitney Bowes® IntelliJet 42™ Printing System features a new 42-inch wide web format that can process 4-up transactional statements in full digital color and at speeds up to 600-feet per minute. This represents an important industry breakthrough in efficiency and throughput for high-integrity transactional print and mail operations.
About Pitney Bowes:
Delivering more than 90 years of innovation, Pitney Bowes provides software, hardware and services that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business through advanced customer communications management. Pitney Bowes is a $5.4 billion company and employs more than 30,000 worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com