M&A Deal Summary

Pitney Bowes Acquires Borderfree

On June 10, 2015, Pitney Bowes acquired e-commerce company Borderfree

Acquisition Highlights
  • This is Pitney Bowes’ 1st transaction in the E-Commerce sector.
  • This is Pitney Bowes’ 15th transaction in the United States.
  • This is Pitney Bowes’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2015-06-10
Target Borderfree
Sector E-Commerce
Buyer(s) Pitney Bowes
Deal Type Add-on Acquisition

Target

Borderfree

Shelton, Connecticut, United States
website
Borderfree is the recognized market leader in international eCommerce, operating a technology and services platform that the world’s most iconic brands rely on to expand globally and transact with customers in 103 countries and territories and more than 60 currencies worldwide.

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Buyer(S) 1

Buyer

Pitney Bowes

Stamford, Connecticut, United States

website

Category Company
Founded 1920
Sector Business Services
Employees11,500
Revenue 3.5B USD (2022)
DESCRIPTION
Pitney Bowes facility in Danbury, Connecticut.
Pitney Bowes facility in Danbury, Connecticut.

Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Many of the company's solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 21 of 26
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 14 of 18
State (Connecticut) 1 of 1
Country (United States) 15 of 19
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 MYMOVE

Fort Mill, South Carolina, United States

MYMOVE, LLC is a media company with technology, data and marketing expertise. The Company has an exclusive relationship with the USPS that allows it to connect brands with roughly 39 million movers every year. MYMOVE helps the USPS facilitate the official Change of Address process. Through this partnership, the company is able to reach millions of movers at the most important point of their move.

Sell $310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Enroute Systems

Bellevue, Washington, United States

Enroute Systems Corp. is cloud-based, software-as-a-service transportation management system company, delivering enterprise-grade, multi-carrier shipping solutions.

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