Pitney Bowes

Pitney Bowes Inc.
FormerlyPitney Bowes Postage Meter Company
Company typePublic
NYSE: PBI
S&P 600 Component
IndustryBusiness services
FoundedApril 23, 1920; 104 years ago (1920-04-23)
Founders
Headquarters3001 Summer Street,
Stamford, Connecticut
,
United States
Key people
Services
RevenueDecrease US$3.358 billion (2022)[1]
Number of employees
11,000 (2021)
Websitepitneybowes.com

Pitney Bowes Inc. is an American technology company[2] most known for its postage meters and other mailing equipment and services,[3][4][5] and with expansions into e-commerce, software, and other technologies.[6][7][8] The company was founded by Arthur Pitney, who invented the first commercially available postage meter,[9] and Walter Bowes as the Pitney Bowes Postage Meter Company on April 23, 1920.[2][9][10]

The company provides mailing and shipping services,[11] global e-commerce logistics,[12] and financial services[13] to approximately 750,000 customers globally, as of 2021.[14] 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]

Pitney Bowes is based in Stamford, Connecticut, and as of October 2021 employed approximately 11,000 people worldwide.[18]

  1. ^ "Pitney Bowes Inc Financial Statements Q4 2022". Retrieved 1 February 2023.
  2. ^ a b "America's Best Employers: #478 Pitney Bowes". Forbes. 2016. ISSN 0015-6914. Retrieved May 3, 2017.
  3. ^ Tahmincioglu, Eve (March 31, 2005). "Compete with Caution Against Past Employer". The New York Times. ISSN 0362-4331. OCLC 1645522. Retrieved May 3, 2017.
  4. ^ "Pitney Bowes Promotes Its President". The New York Times. March 20, 2007. Retrieved May 3, 2017.
  5. ^ "Profit Rises at Pitney Bowes and Its Shares Gain". The New York Times. February 5, 2010. Retrieved May 3, 2017.
  6. ^ "Mail Giant Pitney Bowes Unveils Logo to Emphasize Digital Savvy". The Wall Street Journal. January 14, 2015.
  7. ^ Baskin, Brian (March 25, 2016). "Pitney Bowes Gauges New Path Away From Mass Mailings". The Wall Street Journal. Retrieved May 23, 2017.
  8. ^ Tsidulko, Joseph (September 15, 2016). "Legacy Tech Vendor Pitney Bowes Is Rolling Out Cutting-Edge Geospatial Software to the Channel". CRN. Westborough, Massachusetts. Retrieved May 4, 2017.
  9. ^ a b "America's Mailing Industry: Pitney Bowes". National Postal Museum (Smithsonian Institution). Retrieved May 3, 2017.
  10. ^ Bosak, Chris (August 4, 2016). "Innovation at Pitney Bowes impresses Esty". The News-Times. Danbury, Connecticut: Hearst Communications. Retrieved May 4, 2017.
  11. ^ Singer, Stephen (October 12, 2020). "Pitney Bowes, turning 100, shifts to ecommerce as its trusted postage meter recedes into the past". Hartford Courant. Retrieved March 22, 2022.
  12. ^ Schott, Paul (May 4, 2020). "Pitney Bowes sees revenues flatline, loss for first quarter". The Advocate. Retrieved March 22, 2022.
  13. ^ Jakab, Spencer (August 21, 2020). "Pitney Bowes Is Unboxing E-Commerce Bonanza". Wall Street Journal. Retrieved March 22, 2022.
  14. ^ Brown, Steve (March 19, 2021). "Business equipment firm lands at DFW Airport with shipping hub". Dallas Morning News. Retrieved March 22, 2022.
  15. ^ "Pitney Bowes acquires Naperville's ProSORT". Daily Herald. Arlington Heights, Illinois: Paddock Publications. February 15, 2017. OCLC 18030507. Retrieved May 3, 2017.
  16. ^ Stock, Kyle (September 16, 2015). "Pitney Bowes, Maker of Postage Machines, Believes in Life After Mail". Bloomberg. Bloomberg L.P. Retrieved May 5, 2017.
  17. ^ Schott, Paul (October 18, 2016). "Pitney Bowes survey: Online shopping goes global". The Advocate. Retrieved May 4, 2017.
  18. ^ Schott, Paul (October 13, 2021). "Stamford-based Pitney Bowes awarded $79M federal contract". The Advocate. Retrieved March 22, 2022.