Profile: Pitney Bowes Inc (PBI.N)
27 Nov 2015
Pitney Bowes Inc., incorporated on April 23, 1920, is a provider of technology solutions serving small, mid-sized and large firms. The Company offers solutions for direct mail, transactional mail, customer engagement management and analytics, and e-commerce parcel management, along with digital channel messaging for the Web, e-mail and mobile applications. The Company develops and invests in products, software, services and solutions. The Company’s business is organized around three sets of solutions, which include small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS).
The Company markets products and services through sales force, direct mailings, outbound telemarketing and independent distributors. It sells products to business, governmental, institutional and other organizations. The Company conducts research and development, manufacturing and assembly, product management, information technology (IT) and other activities at global technology center located in Danbury, Connecticut. The Company has research and development facilities located in Noida, India and Pune.
The Company's subsidiaries include The Pitney Bowes Bank (the Bank) and Borderfree, Inc. In the United States, the Company offers clients financing solutions. Through the Company’s subsidiary, the Bank, it offers a revolving credit solution to finance their postage costs and supply purchases. The Bank provides a deposit solution to prepay postage and earn interest on their deposits. The Bank is chartered as an industrial bank and regulated by the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.
Small and Medium Business Solutions
The Company’s SMB Solutions provides a range of mailing equipment and postage meters, maintenance, and support services and supplies. The Company segments SMB Solutions business between the Company’s North America operations, which consists of the United States and Canadian businesses, and International operations. The Company is a provider of postage meters and has approximately one million meters installed in North America and over three hundred thousand meters installed elsewhere. The Company offers shipping management solutions and scalable global logistics management systems that can be integrated into mail centers, as well as desktop and production shipping environments.
Enterprise Business Solutions
The Company’s Enterprise Business Solutions includes equipment and services to process inbound and outbound mail. The Company segments Enterprise Business Solutions group between production mail operations and presort services operations. The Company’s production mail products and services include high-speed, high-volume inserting equipment, customized sortation products and high-speed digital color printing systems. With high-speed digital color printing systems, the Company offers clients a white paper factory solution.
The Company is a provider of mail presorts services for first-class and standard-class mail in the United States. The Company’s presort services network provides mailers with end-to-end solutions from pick up at their location to delivery into the postal system. The Company processes approximately 15 billion pieces of mail annually, expedite mail delivery and optimize postage savings through the network of 33 United States locations.
Digital Commerce Solutions
The Company’s DCS provides a range of software solutions, customer engagement and communication solutions, data management products and solutions, e-commerce parcel management solutions and targeted direct marketing programs. The Company’s digital commerce solutions are delivered as traditional software licenses, enterprise platforms, software-as-a-service (SaaS) and on-demand applications.
The Company offers customer engagement solutions, data management products and solutions, and cross-border e-commerce software platform. The Company’s cross-border e-commerce software platform is utilized by over 20 merchants enabling transactions, providing virtually immediate commodity classifications and total landed cost calculations. The Company offers targeted direct and digital marketing programs. The Company offers digital advertising programs through MyMove.com, a move related Website. The Company’s digital mail delivery services includes digital communications exchange, in which businesses can communicate with consumers about important transactions through participating channels.
Pitney Bowes Inc
1 Elmcroft Rd
STAMFORD CT 06926-0700