Pitney Bowes Completes Acquisition of Newgistics, Inc.
October 02 2017 - 9:13AM
Business Wire
Pitney Bowes (NYSE:PBI), a global technology company that
provides innovative products and solutions to power commerce, today
announced the completion of its acquisition of Newgistics, Inc.
(Newgistics).
The addition of Newgistics, an Austin, Texas-based provider of
parcel delivery, returns, fulfillment and digital commerce
solutions for retailers and ecommerce brands, will help accelerate
Pitney Bowes’ expansion into the U.S. domestic parcels market at
scale.
Pitney Bowes intends to
operate Newgistics as
an independent business through the remainder of
2017 and into the first quarter of 2018 to provide consistent
support to clients and avoid any disruptions to
operations during the busy holiday shipping and
returns season.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company powering
billions of transactions – physical and digital – in the connected
and borderless world of commerce. Clients around the world,
including 90 percent of the Fortune 500, rely on products,
solutions, services and data from Pitney Bowes in the areas of
customer information management, location intelligence, customer
engagement, shipping, mailing, and global ecommerce. And with the
innovative Pitney Bowes Commerce Cloud, clients can access the
broad range of Pitney Bowes solutions, analytics, and APIs to drive
commerce. For additional information visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171002005825/en/
Media:Pitney BowesBill Hughes, 203-351 6785Chief Communications
OfficerorFinancial:Adam David, 203-351 7175VP, Investor
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