Pitney Bowes has completed the sale of Pitney Bowes Management Services for $400 million in cash to funds affiliated with Apollo Global Management. Proceeds from the sale of the business will be used principally to pay down debt.
There was a distinct air of optimism in the halls of McCormick Place South, and Paul Hudson, president and owner of Hudson Printing, could feel it.
With the help of Pitney Bowes, Incepture Print Solutions of Jacksonville, FL, created a White Paper Factory environment, which eliminates the need for preprinted forms and envelopes, to produce more engaging, colorful statements and bills for its clients. These solutions have helped Incepture Print Solutions save over $1 million annually and drive double-digit growth.
The PRINT 13 Must See 'Ems winners have been announced. The 49 winning technologies were selected from a record number of entries submitted by a record number of individual companies.
RESTON, VA—The PRINT 13 Must See ’Ems winners have been announced. The 49 winning technologies were selected from a record number of entries submitted by a record number of individual companies.
Apollo Global Management and Pitney Bowes have entered into a definitive agreement under which Apollo will acquire Pitney Bowes Management Services (PBMS) for approximately $400 million in cash. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2013. Until then, Pitney Bowes will continue to operate PBMS.
Pitney Bowes is hosting its 12th annual Document Messaging Technologies client event on June 4-6, 2013, at its Global Technology Center in Danbury, CT and Customer Innovation Center in Shelton, CT. The event will bring together top industry leaders for insightful sessions and solutions tours, and participants will have the opportunity to speak directly to technology experts on ways to achieve their specific business goals, network with peers and meet with Pitney Bowes executives.
Abby F. Kohnstamm has been tapped as the new executive vice president and chief marketing officer at Pitney Bowes. She will report to president and CEO Marc B. Lautenbach effective June 17, 2013.
Currently Pitney Bowes appears to be focusing on getting Volly up and running as a product of Australia Post. Australia Post was supposed to implement Volly in October 2012 but the system is still not operational when the Cloud Computing Journal was written.
CEO Marc Lautenbach indicated that Volly will have to compete with other uses of corporate resources. His comments indicated that Volly with other projects based on whether Volly serves a market where it holds a significant competitive advantage and the projected return on investment in Volly as compared with other investments within Pitney Bowes
Commercial printing industry supplier company and personnel news from Printing Impressions’ May 2013 edition, featuring Dscoop, QuadTech, GPA, Specialty Substrate Solutions, Pitney Bowes, KBA North America, Unisource Worldwide and INX International Ink.
