Add-on Acquisition • Electronics

Pitney Bowes Acquires Ibis Consulting

On April 24, 2006, Pitney Bowes acquired electronics company Ibis Consulting for 67M USD

Acquisition Context
  • This is Pitney Bowes’ 1st transaction in the Electronics sector.
  • This is Pitney Bowes’ 8th largest (disclosed) transaction.
  • This is Pitney Bowes’ 10th transaction in the United States.
  • This is Pitney Bowes’ 1st transaction in Rhode Island.

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M&A Deal Summary

Date April 24, 2006
Target Ibis Consulting
Sector Electronics
Buyer(s) Pitney Bowes
Deal Type Add-on Acquisition
Deal Value 67M USD
Advisor(s) Mirus Capital Advisors (Financial)

Target Company

Ibis Consulting

Providence, Rhode Island, United States
Ibis transforms electronic documents and email into a uniform image format suitable for loading into a document management system, web repository, or printing to paper. Our patent-pending data-to-image packaging allows our customers to efficiently and cost-effectively control their data.
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Buyer Overview 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 Context for Buyer #
Overall 12 of 26
Sector: Electronics 1 of 1
Type: Add-on Acquisition 7 of 18
State: Rhode Island 1 of 1
Country: United States 10 of 19
Year: 2006 1 of 5
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-11 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.

Buy $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-05 Advertising Audit Service

Farington Hills, Michigan, United States

Advertising Audit Service, Inc.offerings include web-based tools for digital asset management, ad customization, media fulfillment, and co-op advertising management.

Buy -