Pitney Bowes is a mailing service company based in Stamford, Connecticut. Pitney Bowes was founded in 1920 as a merger between Arthur Pitney, inventor of the first commercial postage meter, and Walter Bowes, manufacturer of stamp-canceling machines for the United State Postal Service. Pitney Bowes has a Global Technology Center located in Danbury, Connecticut, along with 33 operating centers in the United States and additional centers in the United Kingdom, India, and Japan.
In 2015, Pitney Bowes reported $408 million in profits. This number dropped to $95 million the following year, a drop executives said were due to a transition to a new enterprise business platform. However, the company has expressed confidence that the transition would boost operations in the long-term. The company was listed in the S&P 500 Index from its establishment in 1957 until March 2017, when it was dropped and added to the S&P 400 Index.
In 2016, Pitney Bowes was recognized by the IoT Solutions World Congress and awarded Best Business Transformation Solution award for its SmartLink technology, which connects digital postage meters with the company’s commerce cloud. In 2017, the company was awarded Technology of the Year by Xplor International for Clarity, a product that analyses data to improve productivity while lowering printing and mailing costs providing mailroom management solutions. Pitney Bowes are one of the leading franking machine suppliers worldwide.