36 Facts About Pitney Bowes

Pitney Bowes Inc is an American technology company most known for its postage meters and other mailing equipment and services, and with expansions into e-commerce, software, and other technologies.

Pitney Bowes was founded by Arthur Pitney, who invented the first commercially available postage meter, and Walter Bowes as the Pitney Bowes Postage Meter Company on April 23,1920.

Pitney Bowes is a certified "work-share partner" of the United States Postal Service, and helps the agency sort and process 15 billion pieces of mail annually.

In 1902, Arthur Pitney patented his first "double-locking" hand-cranked postage-stamping machine, and with patent attorney Eugene A Rummler, founded the Pitney Postal Machine Company.

In 1908, English emigrant and founder of the Universal Stamping Machine Company Walter Bowes began providing stamp-canceling machines to the United States Post Office Department.

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In 1950, Pitney Bowes initiated an advertising campaign in national publications with the message, "Metered mail makes the mailer's life easier".

In 2008, in conjunction with other companies, Pitney Bowes donated two of its 3,400 patents to the Eco-Patent Commons, which is operated by the World Business Council for Sustainable Development, in an effort to reduce pollution.

In 2009, Pitney Bowes was named one of the world's largest software companies by Software Magazine and in December it opened its first customer innovation center in Shelton, Connecticut.

Pitney Bowes unveiled its new logo in January 2015, replacing one used since 1971; the rebranding campaign, which included an updated Web site and marketing, reportedly cost between $40 million and $80 million.

Pitney Bowes focused increasingly on e-commerce related services in the late 2010s.

Pitney Bowes acquired Danka Services International for $290 million in cash, and the French postage meter company Secap.

In 2004, Pitney Bowes acquired the Lanham, Maryland-based company Group 1 Software, which develops mailing technology, for $380 million, as well as International Mail Express for $29 million.

In February 2005, Pitney Bowes completed transactions in Brazil and India, expanding into both markets for the first time.

Pitney Bowes acquired the mailing division of Kilburn Office Automation Limited, forming the New Delhi-based Pitney Bowes India.

Pitney Bowes acquired the litigation support services provider Compulit Inc one month later, creating Pitney Bowes Legal Solutions.

Pitney Bowes purchased the marketing services company Imagitas in 2005 for $230 million in stock, which was sold to Red Ventures in 2015.

Pitney Bowes acquired multiple companies in 2006, including Emtex and its output management software for $41 million, and the Providence, Rhode Island-based company Ibis Consulting, Inc, which provides electronic discovery services, for nearly $67 million.

Pitney Bowes acquired Advertising Audit Service, PMH Caramanning, and the Bellevue, Washington-based company Print Inc, which provides print management solutions.

In 2007, Pitney Bowes acquired MapInfo Corporation and its location intelligence solutions.

Pitney Bowes moved out of MapInfo's building in North Greenbush, New York's Rensselaer Technology Park, and into other offices within the science park.

Pitney Bowes acquired the Toronto-based customer relationship management services company Digital Cement for nearly $40 million in cash.

Pitney Bowes sold its management services division to Apollo Global Management in 2013 for $400 million.

In May 2015, Pitney Bowes acquired the online shopping services provider Borderfree for about $395 million.

In mid 2016, Pitney Bowes acquired Maponics, which provides "geospatial boundary and contextual data", for an undisclosed amount.

Pitney Bowes merged its Des Plaines operating center into a larger Naperville facility.

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Pitney Bowes has been credited with prioritizing innovation and moving the company into e-commerce and other technology services.

Pitney Bowes released its SendPro300 product in October 2016, and launched its SendPro C Series in September 2017.

In March 2019, Pitney Bowes launched the subsidiary Wheeler Financial to provide equipment financing to small and medium businesses.

Pitney Bowes introduced the Model M Postage Meter, which was authorized by the United States Postal Service on September 1,1920.

Pitney Bowes released the first mass-market meter designed for desktops in 1949.

In 1968, Pitney Bowes created the first bar code equipment for retail use.

Pitney Bowes introduced Paragon, which calculates and affixes postage based on size and weight, in 1992.

In 2015, Pitney Bowes launched its AcceleJet inkjet system, which targeted transactional printers and was intended for companies printing at high volumes.

In January 2016, Pitney Bowes began using technology by Electric Imp to enable Internet connectivity for postage meters.

Pitney Bowes released a digital device, called SmartLink, in July 2016; the product was developed in collaboration with Electric Imp and connected postage meters to Pitney Bowes' cloud-computing technology, and enabled other maintenance and monitoring services as well.

Pitney Bowes released a suite of digital services, including: Clarity Advisor, which collected machine data to "combat unplanned downtime"; Clarity Optimizer, which used analytics to increase productivity; and Clarity Scheduler which, according to Computer Weekly, "automates placement of the right job on the right machine at the right time".