Pitney Bowes Inc. has announced its Pitney Bowes Group 1 Software and Pitney Bowes MapInfo business units, acquired separately, will become a single software company 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 during two years of strong growth, will be transitioning into a broader innovation role within Pitney Bowes after leading Group 1 through a transformation that created a structure for sustained customer and shareholder value.
"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, 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."
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