Tag: Pitney Bowes

Mail metering company Pitney Bowes and Web postage service Stamps.com said they have settled four years of litigation over technology patents for buying and printing postage via the Internet.

The companies said the settlement includes a five-year patent cross-licensing agreement. Pitney’s patent licenses may be used in all metering applications, and Stamps.com’s patent licenses may be used in “non-traditional” metering applications, such as Internet postage.

Pitney Bowes Inc.’s changing business model will once again hit Stamford workers as the postage-meter maker ceases manufacturing within the city by the end of 2004.

Michael Critelli, Pitney Bowes’ chief executive officer, said by the close of 2004 the company will halt all assembly work at its South Side Stamford factory. Pitney Bowes has already said it will shed its component manufacturing operations as part of a two-year $100 million restructuring plan it announced in January.

Pitney Bowes has announced it has closed on what might seem like a tiny deal: $49 million in cash for DDD Co, a Maryland-based document creation and distribution company. But it is the latest in a two-year-long, $800 million string of small purchases that Pitney Bowes has made to transform its long-time image as merely a maker of postage meters.