Pitney Bowes Partners with Systemware - Analyst Blog
June 25 2012 - 11:35AM
Zacks
Pitney Bowes Inc. (PBI) entered into a
collaborative agreement on digital mail with Systemware Inc., a
major enterprise content management (ECM) company. The latter will
act as a technology partner for Pitney’s Volly™ secure digital
delivery service. Through this partnership, Pitney adds Systemware
and its clients to its network.
The customers and prospects of Systemware will be able to easily
transform, package and deliver all their statements, monthly bills,
policy notices, as well as other types of customer communication
through the Volly™ secure digital delivery service. Digital Mail
Gateway will convert raw print streams of statements, policy
records, shareholder communications and many other types of
documents into an exact copy of the paper notice.
This will be included into a consumer’s digital mailbox as an
encoded and encrypted file. Digital delivery provides mailers
branded service at low cost. Further, Volley aims to provide
consumers with a secure, organized, electronic means of
communication that is spam-free.
Pitney Bowes has undertaken a strategic transformation process
designed to create long-term flexibility to invest in future
growth. However, many of its contracts 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. Further,
continuing economic uncertainty remains a matter of concern.
Pitney Bowes Inc. is the largest provider of mail processing
equipment and integrated mail solutions in the world. The company
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 have a Zacks #5 Rank (short-term Strong Sell recommendation)
on Pitney Bowes.
PITNEY BOWES IN (PBI): Free Stock Analysis Report
SIEMENS AG-ADR (SI): Free Stock Analysis Report
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