Pitney Bowes Launches Entrepreneurial Competition

STAMFORD, Conn., July 23, 2012 - Pitney Bowes Inc. (NYSE: PBI) today announced the launch of the Pitney Bowes Entrepreneurial Competition, an innovation-focused contest targeting startup and entrepreneurial organizations. The Company also announced its participation in the sponsorship program conducted by the Stamford Innovation Center, which provides startup-centric programs to accelerate entrepreneurial efforts.

The Pitney Bowes Entrepreneurial Competition is designed to identify and drive the development of growth businesses that can leverage three of the Company’s technology areas: Spectrum® Spatial analytics and location intelligence; the secure evidencing platform; and the Connect+® web-enabled digital envelope and mail printing system.

“Pitney Bowes’s heritage of innovation is based, in part, on the collaboration between Arthur Pitney and Walter Bowes,” said Joe Timko, executive vice president and chief technology and strategy officer, Pitney Bowes. “We want to continue to help drive innovation through collaboration – in our communities – and beyond. We are pleased to open up some of our key technology offerings that entrepreneurial teams can build a business upon, to further drive innovation and stimulate economic growth.”

Winners of the Entrepreneurial Competition will receive:

  • One year free utilization of office space and internet access in Pitney Bowes’s world headquarters, located in Stamford, Conn.;
  • Access to the three aforementioned Pitney Bowes technology platforms corresponding to their submission, including Pitney Bowes’ technical and business expertise;
  • An introduction and access to the Stamford Innovation Center, and their mentoring and coaching services.

The Pitney Bowes Entrepreneurial Competition runs through September 7, 2012. For contest details visit: www.pb.com/competition.

"We are delighted to welcome Pitney Bowes, one of the world leaders in innovation and productivity enhancement, as the newest sponsor of the Stamford Innovation Center," said Barry Schwimmer, managing partner of the Stamford Innovation Center. "This relationship underscores the exciting collaborative spirit that is growing across Connecticut and specifically Stamford's rapidly developing reputation as an entrepreneurial hub. At the same time, we are also honored to be part of the Pitney Bowes Entrepreneurial Competition, which offers a compelling platform for entrepreneurs to build a business by leveraging some of Pitney Bowes' key technology."

About the Stamford Innovation Center

The Stamford Innovation Center offers inspiring workspaces and startup-centric programs to serve one mission: “Accelerating the Entrepreneur’s Voyage.” Entirely focused on the success of the growing and diverse group of startups that are sprouting up all over Southwestern Connecticut, the Center offers an environment where entrepreneurs can tap into the deep expertise, enthusiastic talent, proven service providers and experienced angel and VC investors who live and work in the area. www.stamfordicenter.com.

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 $5.3 billion company with 29,000 employees worldwide. Pitney Bowes: Every connection is a new opportunity™.