M&A Deal Summary

Precisely Acquires Pitney Bowes - Software Solutions Business

On August 26, 2019, Precisely acquired software company Pitney Bowes - Software Solutions Business from Pitney Bowes for 700M USD

Acquisition Highlights
  • This is Precisely’s 6th transaction in the Software sector.
  • This is Precisely’s largest (disclosed) transaction.
  • This is Precisely’s 5th transaction in the United States.
  • This is Precisely’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2019-08-26
Target Pitney Bowes - Software Solutions Business
Sector Software
Buyer(s) Precisely
Sellers(s) Pitney Bowes
Deal Type Divestiture
Deal Value 700M USD

Target

Pitney Bowes - Software Solutions Business

Stamford, Connecticut, United States
Pitney Bowes, Inc. - Software Solutions Business is a data management software provider.

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Buyer(S) 1

Buyer

Precisely

Burlington, Massachusetts, United States

website


Category Company
Sector Software
DESCRIPTION

Precisely is a provider of data integrity software. The Company provides accuracy, consistency, and context in data for 12,000 customers in more than 100 countries. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Precisely is based in Burlington, Massachusetts.


DEAL STATS #
Overall 10 of 16
Sector (Software) 6 of 8
Type (Divestiture) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 5 of 10
Year (2019) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-21 SQData

Addison, Texas, United States

SQData Corp. offers a comprehensive data integration platform that allows customers to address multiple business needs, including continuous availability of critical applications, streamlining data warehouse data feeds, detection/publishing of key business events, integration with cloud applications, real-time business intelligence, and legacy data migrations. SQData is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Precisely - Confirm

Pearl River, New York, United States

Confirm is an asset management platform that enables public and private sector organizations to deliver critical infrastructure services, maximize operational efficiencies, and leverage internet of things ("IoT") technology to unlock smart applications and use cases.

Sell -

Seller(S) 1

SELLER

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 6 of 7
Sector (Software) 1 of 1
Type (Divestiture) 6 of 7
State (Connecticut) 2 of 2
Country (United States) 5 of 5
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 BlueCrest

Danbury, Connecticut, United States

BlueCrest is a global provider of inserting, sorting, and printing related equipment primarily for the transactional and direct mail industries. BlueCrest was formed in 2018 and is based in Danbury, Connecticut.

Sell $361M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-29 Tacit Knowledge

London, United Kingdom

Tacit Knowledge is a global consultancy focused on digital commerce. Tacit has worked at the nexus of commerce and content, applying Silicon Valley innovation and know-how to global retailers and brands. Tacit Knowledge was founded in 2002 and is based in London, United Kingdom.

Sell -