Pitney Collaborates on eCommerce

Pitney Bowes Inc.’s (PBI – Analyst Report) 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 – Analyst Report).

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.

Related Content