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News

Pitney Bowes merges acquisitions into one business unit

Pitney Bowes MapInfo : 10 September, 2007  (Company News)
Pitney Bowes software business unit combines MapInfo location intelligence product line with Group 1 data quality expertise
Pitney Bowes has announced
that 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 be transitioning into a broader innovation
role within Pitney Bowes after leading Group 1 Software 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,' said 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.'

Pitney Bowes MapInfo specialises 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 standardising and
enhancing customer address information. Group 1 Software also has
industry-leading document composition tools.
Abi-Karam cited 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. 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 organisation which can work
with our Marketing Services business to enhance our current offerings to
marketing executives at companies of all sizes.'

Hickey is a 12-year veteran of Pitney Bowes MapInfo. He served as the
company's chief operating officer from 2002-2007 and was named president
earlier this year.

'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,' said Hickey. 'The two companies have formed a close working
relationship and this merger is a very positive move for our respective
customers and employees.'
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