Pitney Bowes Expands Shipping Portfolio with Acquisition of CrescoData
November 04 2021 - 8:30AM
Business Wire
Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing
company that provides technology, logistics, and financial
services, today announced the acquisition of CrescoData, a
Platform-as-a-Service (PaaS) business in the commerce space. Terms
of the deal were not disclosed.
Based in Singapore, CrescoData’s Commerce Connect Platform
provides integration to over 85 commerce channels through a single
API, and enables mapping and automating of product, stock, and
order data between the platforms. This strategic investment
enhances the Company’s product offerings for mid-high volume
Ecommerce shippers. It also accelerates Pitney Bowes Enterprise
Shipping and Locker go-to-market strategy for the Retail and
Pharmacy verticals.
“Shipping is a significant growth area for Pitney Bowes as our
Shipping Index predicts volumes will double in the next five years.
CrescoData’s state-of-the-art technology is a perfect complement to
our SendPro shipping portfolio,” said Jason Dies, Senior Vice
President and President, Sending Technology Solutions, Pitney
Bowes. “Integrating CrescoData into the Pitney Bowes family allows
us to better serve our clients with broader offerings and enhances
our end-to-end solution capabilities.”
“Our team is delighted to be joining Pitney Bowes. This
integration not only expands the offerings for Pitney Bowes, but
allows us to pursue new clients backed by the strength of a trusted
company with a long history of innovating,” said Anna Trybocka,
founder of CrescoData. “To be part of a company squarely focused on
the shipping opportunity and providing value for its clients
creates exciting opportunities for growth.”
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global shipping and mailing company
that provides technology, logistics, and financial services to more
than 90 percent of the Fortune 500. Small business, retail,
enterprise, and government clients around the world rely on Pitney
Bowes to remove the complexity of sending mail and parcels. For
additional information, visit Pitney Bowes at
www.pitneybowes.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211104005623/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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