Stamford, Conn.—A recent release from Pitney Bowes Inc. announced its Pitney Bowes Group 1 Software and Pitney Bowes MapInfo business units, acquired separately, will combine into a single software company. The move is effective immediately, and the businesses will merge operations over the next several months.
Mike Hickey, currently president of Pitney Bowes MapInfo, will become president of the combined entity, which is called Pitney Bowes Software. Chris Baker, who has served as president of Group 1 Software during two years of strong growth, will transition into a broader innovation role within Pitney Bowes after leading Group 1.
"Merging the businesses is both a natural evolution and an exciting step forward for Pitney Bowes," says Leslie Abi-Karam, executive vice president and president of Document Messaging Technologies. "We have become a large, multifaceted and powerful software company in the past three years, and by combining our separate acquisitions into a single entity we can deliver even more effective solutions to the marketplace."
Pitney Bowes MapInfo specializes in location intelligence software, data and services. Group 1 Software is a leader in enterprise data quality and data integration software, with a special focus on standardizing and enhancing customer address information. Group 1 Software also has industry-leading document composition tools.
Abi-Karam cites three significant opportunities that open up as a result of the new business combination. "First, we have a huge global opportunity to bring together our expertise in location intelligence and address verification to become the most comprehensive and accurate provider of consumer and business-to-business data for marketing or business transactions,” Abi-Karam says. “Second, our ability to integrate customer data with psychographic and demographic data creates a broad suite of marketing and decision-making tools for industry verticals, such as insurance, retail and government, where location information is critical. Finally, we will create a single organization that can work with our marketing services business to enhance our current offerings to marketing executives at companies of all sizes."
After 12 years with Pitney Bowes MapInfo, Hickey was named president earlier this year after serving as the company's chief operating officer from 2002 to 2007.
"This merger will benefit both companies and their customers by providing them the best of what both MapInfo and Group 1 Software have to offer," Hickey says. "The two companies have formed a close working relationship, and this merger is a positive move for our respective customers and employees."
Source: Pitney Bowes Inc.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access