Pitney Bowes Inc. has agreed to purchase Print Inc., provider of bundled offerings of printer supplies, service and equipment to manage document production, for $47 million, and will integrate Print Inc.’s operations into a wholly owned subsidiary of the company, Pitney Bowes Direct, writes DM News.
According to Pitney Bowes, the deal will help the company add value to another, key aspect of the mail stream. “Managing the printing of documents is a key activity involved in the production of effective mail and documents. Yet, as important as it is, most businesses rely on an array of separate vendors to provide printer equipment, printer supplies such as paper, ink and toner, and maintenance and repair services for their printer fleet,” says Michael J. Critelli, Chairman and CEO of Pitney Bowes, in a statement.
By providing bundled offerings Print, Inc., pioneered a holistic approach to optimizing print resources and managing total costs, he added.
Print Inc. generated approximately $49 million in revenue in ‘05 by working with small- to mid-size customers in a variety of verticals.
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