Stamford, USA, September 06, 2007: Pitney Bowes Inc. announced that it’s Pitney Bowes Group 1 Software and Pitney Bowes MapInfo business units, acquired separately, will combine into a single software company called Pitney Bowes Software. The move is effective immediately, and the businesses will merge operations over the next several months.
Mike Hickey, currently president of Pitney Bowes MapInfo, will become president of the combined entity Pitney Bowes Software. Chris Baker, who has served as president of Group 1 Software during two years will be transitioning into a broader innovation role within Pitney Bowes.
“Merging the businesses is both a natural evolution and an exciting step forward for Pitney Bowes,” said Leslie Abi-Karam, executive vice president and president, Document Messaging Technologies. “We have become a large, multifaceted and powerful software company in the past three years, and by combining our separate acquisitions into a single entity we can deliver even more effective solutions to the marketplace” added Abi-Karam.
“This merger will benefit both companies and their customers by providing them the best of what both MapInfo and Group 1 Software have to offer,” said Hickey.
Abi-Karam cited three significant opportunities that open up as a result of the new business combination. “First, we have a huge global opportunity to bring together our expertise in location intelligence and address verification to become the most comprehensive and accurate provider of consumer and business-to-business data for marketing or business transactions. Second, our ability to integrate customer data with psychographic and demographic data creates a broad suite of marketing and decision-making tools for industry verticals, such as insurance, retail and government, where location information is critical. Finally, we will create a single organization which can work with our Marketing Services business to enhance our current offerings to marketing executives at companies of all sizes.”