Profile: Pitney Bowes Inc (PBI.N)
30 Oct 2014
Pitney Bowes Inc., incorporated on April 23, 1920, is a global provider of software, hardware and services to enable both physical and digital communications and to integrate those physical and digital communications channels. The Company offers a range of equipment, supplies, software, services and solutions for managing and integrating physical and digital communication channels. It conducts its business activities in seven reporting segments within two business groups: Small & Medium Business Solutions (SMB Solutions) and Enterprise Business Solutions (EB Solutions). It maintains field service organizations to provide servicing for customers’ equipment, usually in the form of annual maintenance contracts. It establishes credit approval limits and procedures of the customer and the type of product or service provided to control risk in extending credit to customers. In addition, it utilizes an automatic approval program for certain leases. The Company markets its products and services through the sales force, direct mailings, outbound telemarketing, independent distributors and the Internet. It sells to a variety of business, Governmental, institutional and other organizations. In October 2013, the Company sold Pitney Bowes Management Services with Apollo Global Management, LLC. Effective February 12, 2014, Pitney Bowes Inc acquired the remaining 30% interest in Pitney Bowes Semco Equipamentos e Servicos Ltda.
Small & Medium Business Solutions
The Company’s the United States mailing includes the United States and Canadian revenue and related expenses from the sale, rental and financing of its mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services, and payment solutions. Its international mailing includes the revenue and related expenses from the sale, rental and financing of its mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions outside the United States.
Enterprise Business Solutions
The Company’s production mail includes the worldwide revenue and related expenses from the sale, support and other professional services of its production mail systems, sorting and production print equipment. Its software includes the worldwide revenue and related expenses from the sale and support services of non-equipment-based mailing, customer relationship and communication and location intelligence software. Its management services includes worldwide revenue and related expenses from facilities management services; secure mail services; reprographic, document management services, and litigation support and eDiscovery services. Its mail services include the worldwide revenue and related expenses from presort mail services and cross-border mail services. Its marketing services include the revenue and related expenses from direct marketing services for targeted customers.
Pitney Bowes Inc
PITNEY BOWES INC, 1 ELMCROFT ROA
STAMFORD CT 06926-0700