Pitney Bowes Expands Shipping Portfolio with Acquisition of CrescoData
Summary
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced the acquisition of CrescoData, a Platform-as-a-Service (PaaS) business in the commerce space. It also accelerates Pitney Bowes Enterprise Shipping and Locker go-to-market strategy for the Retail and Pharmacy verticals. This integration not only expands the offerings for Pitney Bowes, but allows us to pursue new clients backed by the strength of a trusted company with a long history of innovating,” said Anna Trybocka, founder of CrescoData. “To be part of a company squarely focused on the shipping opportunity and providing value for its clients creates exciting opportunities for growth.” Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels.
