Pitney Collaborates on eCommerce - Analyst Blog
June 06 2011 - 8:07AM
Zacks
Pitney Bowes Inc.’s (PBI) ClearPath™
international ecommerce and logistics service can be accessed by
the U.S.-based retailers on the Magento Open Source Ecommerce
Platform. Pitney has entered into a collaboration with Grand River,
a leading provider of ecommerce development and integration service
provider, to build extensions between Magento™ and the Pitney Bowes
ClearPath™ service.
The official marketplace for Magento extensions, called Magento
Connect, will be used by Pitney to make its ClearPath services
available in U.S. With ClearPath Service Suite, e-retailers will
derive benefit from the surging global online population and
favorable exchange rates and will be able to help reduce challenges
associated with international ecommerce.
The company believes it is poised to deliver solid performance
in the long term and achieve solid profitability based on its
strong product portfolio. Pitney Bowes is benefiting from its
Strategic Transformation program while helping it to effectively
provide new products and services.
The company is a leading supplier of products and services in
most of its business segments. Its meter base and its ability to
place and finance meters in key markets contribute significantly to
its revenue and profitability. However, all segments face
competition from a number of companies. We believe that its vast
experience and reputation for product quality, as well as its sales
and support service organizations, are important factors in
influencing customer choices with respect to its products and
services.
However, many of Pitney Bowescontracts are with government
entities. Government contracts are subject to extensive and complex
government procurement laws and regulations, along with regular
audits of contract pricing and business practices.
Pitney Bowes Inc. was incorporated in the state of Delaware on
April 23, 1920, as Pitney Bowes Postage Meter Company. The company
is the largest provider of mail processing equipment and integrated
mail solutions in the world.
It offers a full suite of equipment, supplies, software and
services for end-to-end mailstream solutions, which enable its
customers to optimize the flow of physical and electronic mail,
documents and packages across their operations. A major competitor
of Pitney Bowes is Siemens Inc. (SI).
We currently maintain our Neutral rating on Pitney Bowes Inc.
with a Zacks #4 Rank (short-term Sell recommendation) over the next
one-to-three months.
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