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Pitney Bowes is a certified "work-share partner" of the United States Postal Service, [15] and helps the agency sort and process 15 billion pieces of mail annually. [16] Pitney Bowes has also commissioned surveys related to international e-commerce. [17]
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In 2019 Syncsort acquired the software and data business of Pitney Bowes in a $700 million transaction backed by affiliates of Centerbridge Partners and Clearlake Capital Group. [ 37 ] [ 25 ] The deal roughly doubled the company’s size to 2,000 employees and expanded its service offerings to include data enrichment capabilities, such as ...
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That same year, it doubled the size of its headquarters [14] and bought postal services company Imagitas from Pitney Bowes for $310 million. [15] The acquisition was in large part due to Imagitas' exclusive 10 year partnership with USPS [16] to facilitate the official Change of Address process, which roughly 40 million people used each year. [17]
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