Tag: Pitney Bowes

U.S. Postal Service, Pitney Bowes, UPS, and Entrepreneur Magazine Support Community of Online Entrepreneurs at eBay Live!

Posted by | May 29, 2007 | |

The U.S. Postal Service, title sponsor of eBay Live! for the third year in a row, is expected to host informative workshops for the eBay community. Approximately 1.3 million sellers around the world use eBay as their primary or secondary source of income and each of the corporate sponsors for the event, announced, are integral to the continued success of eBay entrepreneurs everywhere. Sponsors include Pitney Bowes, UPS, and Entrepreneur Magazine. In addition, VeriSign is a member sponsor and OfficeMax is an associate sponsor.

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New Pitney CEO banks on mail-stream technology

Posted by | May 15, 2007 | |

The new chief executive officer of Stamford-based Pitney Bowes Inc. has predicted that by the end of the decade half of its growth will come from new products and services focused on mail-stream technology, its core business.

Pitney Bowes will continue the growth strategy it established in 2000 to concentrate on mail-stream products, Murray Martin said yesterday after the company’s annual meeting at its headquarters.

Martin, who has been with Pitney Bowes since 1987, most recently as president and chief operating officer, succeeds Michael Critelli, who has been elevated to executive chairman after 11 years as chairman and CEO.

When Critelli assumed leadership of the company, it had USD 3.8 billion in revenue.

The company saw its revenue climb 4 percent in the first quarter, from USD 1.36 billion in 2006 to USD 1.41 billion in that period this year. Net income, however, fell from USD 153 million in the 2006 quarter to USD 145 million in the most recent quarter.

In 2006, Pitney Bowes’ total revenue grew by 7 percent, and earnings per share improved by 9.5 percent.

Pitney Bowes will see its international revenues play an increasingly important role, Martin predicted, noting that 27 percent of its total revenue is derived from outside the United States today, compared with 17 percent in 2000.

Under Critelli’s guidance, the company tripled its international revenue to USD 1.5 billion and made more than 65 acquisitions around the world.

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Pitney Bowes’ Group 1 Software solutions receive USPS® CASS™ certifications

Posted by | May 7, 2007 | |

Group 1 Software, Inc., a Pitney Bowes Company announced that the latest releases of its CODE-1 Plus® and Finalist® address cleansing software solutions have received U.S. Postal Service® CASS certification for the upcoming Cycle L requirements, scheduled for implementation on August 1, 2007.
These CASS Certified™ solutions are components of Group 1 Software’s Address Quality Hub™ platform, which is designed to help mailers address the impact of the upcoming postal rate increases, as well as CASS Cycle L requirements designed to reduce undeliverable-as-addressed (UAA) mail. Under these requirements, CASS Certified software will be required to perform DPV™ processing, which is expected to reduce the number of ZIP + 4® coded addresses that are eligible for postage discounts.

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Pitney Bowes leaders describe global business opportunities

Posted by | Apr 30, 2007 | |

Dramatic changes in technologies, regulations and customer preferences are reinventing the global mailstream, and the top management of Pitney Bowes Inc. said today this means new growth opportunities for the 87-year-old company.

President and Chief Operating Officer Murray Martin, who becomes Pitney Bowes’ new CEO on May 14, told investors and analysts that the growth strategies that were put in place several years ago are working, and the company remains committed to expansion in the fastest-growing segments of the global mailstream.

“Over a quarter of our total revenue comes from businesses acquired since 2001, and the growth rate for these businesses is roughly double the growth rate for the businesses we were in when we began,” Martin said. “We think that the new businesses could constitute more than 50 percent of our revenue by the end of the decade.”

Martin outlined six strategic priorities for Pitney Bowes: maintain and grow the company’s healthy cash flow; increase value delivered to customers; improve operating efficiency; solidify the performance of the core mailing business; expand internationally; and focus on high-growth areas of the mailstream.

“Postal reform is complex,” Critelli said, “but in the aggregate it will be highly beneficial to Pitney Bowes. It allows the Postal Service to respond flexibly to the rapidly-changing needs of senders and recipients through market-driven dynamic pricing, frequent price adjustments, and lots of product and service innovation. This is an optimal environment for Pitney Bowes.”

Postal liberalization in Europe is proceeding more slowly and on a country-by-country basis, Critelli said. He asserted that Pitney Bowes has “winning strategies” that will serve the company well in “this highly divergent” environment. These strategies include a focus on small- and medium-size business customers, partnering with national posts for cross—border mail delivery, and selling more advanced systems for online postage and self-service postal kiosks.

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Shea to Lead Washington Office for Pitney Bowes

Posted by | Apr 16, 2007 | |

Pitney Bowes Inc. has appointed Dennis Shea to lead the company’s lobbying efforts in Washington. Shea succeeds David Nassef, who is returning to Connecticut after ten years in Washington to support Chairman and CEO Michael Critelli in a wide range of assignments.

In addition to leading the company’s efforts at the federal level, Shea also will be responsible for Pitney Bowes’ government relations activities in Canada and Latin America. Shea’s role complements the work of the Pitney Bowes postal relations team, which is also based in Washington.

Shea’s appointment comes just four months after President Bush signed a comprehensive postal reform bill into law, the culmination of a legislative effort in which Pitney Bowes had been involved for many years. Shea is already well versed in the mailing industry, having served in 2003 as executive director of the bipartisan President’s Commission on the U.S. Postal Service, co-chaired by James A. Johnson and Harry Pearce. The commission played a pivotal role in accelerating momentum toward enactment of postal reform.

As executive director of the President’s Commission on the U.S. Postal Service, Shea oversaw the creation of “Embracing the Future,” the commission’s comprehensive report outlining more than thirty specific recommendations to ensure the long-term survival of the Postal Service. Many of these recommendations found their way into the subsequent debate over postal reform, which culminated in legislation that passed both houses of Congress by overwhelming bipartisan majorities.

Shea came to Washington DC upon graduation from Harvard Law School in 1986 and has served in a number of policy, political and lobbying roles since then.

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