Pitney Bowes Inc
Our company was incorporated in the state of Delaware on April 23, 1920, as the
Pitney Bowes Postage Meter Company. Today, we are a provider of leading-edge global,
integrated mail and document management solutions for organizations of all sizes.
Pitney Bowes Inc. and its subsidiaries operate in three reportable segments:
Global Mailstream Solutions, Global Enterprise Solutions and Capital Services.
We operate both inside and outside the United States.
Our products and services are marketed through an extensive network of offices
in the U.S. and through a number of our subsidiaries and independent distributors
and dealers in many countries throughout the world. We also use direct marketing,
outbound telemarketing and the Internet. We sell to a variety of business, governmental,
institutional and other organizations. We believe we have a broad base of customers,
and we are not dependent upon any one customer or type of customer for a significant
part of our business. We do not have significant backlog or seasonality relating
to our businesses.
Our manufacturing operations outside the U.S. are in the United Kingdom, France
and Germany.
Competition
Historically, we have been a leading supplier of products and services in our
business segments, particularly postage meters and mailing machines. Our meter
base and our continued ability to place meters in key markets is a significant
contributor to our current and future revenue and profitability. However, all
of our segments face strong competition from a number of companies. In particular,
we face competition in many countries for new placements from several postage
meter and mailing machine suppliers, and our mailing systems products face competition
from products and services offered as alternative means of message communications.
PBMS, a major provider of business support services and document management
to the corporate, financial services, and professional services markets, competes
against national, regional and local firms specializing in facilities and document
management.