M&A Deal Summary

Pitney Bowes Acquires Group 1 Software

On July 20, 2004, Pitney Bowes acquired software company Group 1 Software for 321M USD

Acquisition Highlights
  • This is Pitney Bowes’ 1st transaction in the Software sector.
  • This is Pitney Bowes’ 3rd largest (disclosed) transaction.
  • This is Pitney Bowes’ 7th transaction in the United States.
  • This is Pitney Bowes’ 2nd transaction in Maryland.

M&A Deal Summary

Date 2004-07-20
Target Group 1 Software
Sector Software
Buyer(s) Pitney Bowes
Deal Type Add-on Acquisition
Deal Value 321M USD

Target

Group 1 Software

Lanham, Maryland, United States
Group 1 is a provider of software that enhances mailing efficiency, data quality and customer communications. It is based in Lanham, Maryland.

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Buyer(S) 1

Buyer

Pitney Bowes

Stamford, Connecticut, United States

Category Company
Founded 1920
Sector Business Services
Employees7,200
Revenue 2.0B USD (2024)
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. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 9 of 26
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 18
State: Maryland M&A 2 of 2
Country: United States M&A 7 of 19
Year: 2004 M&A 2 of 2
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-24 International Mail Express

New York, New York, United States

International Mail Express, Inc. the consolidators of IPA and ISALin the United States providing mail operations facilities strategically located in New York,San Fransico,Dallas and Miami.

Buy $29M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-24 Compulit

Grand Rapids, Michigan, United States

Compulit, Inc., a provider of litigation support services to law firms and corporate clients.

Buy -