Pitney Bowes buys Firstlogic

News

Pitney Bowes has signed a definitive agreement to acquire all of the remaining outstanding shares of Firstlogic for approximately $50.3 million.

today announced that it has signed a definitive agreement to acquire all of the remaining outstanding shares of La Crosse, Wisconsin-based

for approximately $50.3 million.

Pitney Bowes currently has 10 percent equity ownership of this privately held company, which develops and markets software and services that improve operations in data quality, mailing efficiency, and postal automation. The company generated over $55 million in revenue in 2004.

Upon completion of this transaction, Firstlogic will become a wholly-owned subsidiary of Pitney Bowes within Document Messaging Technologies.

Subject to regulatory approval and completion of other customary conditions, the transaction is expected to close in the third calendar quarter of 2005.

Register now to continue reading

Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.  

Benefits of registering

  • In-depth insights and coverage of key emerging trends

  • Unrestricted access to special reports throughout the year

  • Daily technology news delivered straight to your inbox

Register
Or continue by

Signing in with your registered email address