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Pitney Bowes Completes Acquisition Of Imagitas

Friday, May 27, 2005

Press release from the issuing company

STAMFORD, Conn., May 26 -- Pitney Bowes Inc. today announced the successful completion of its acquisition of Imagitas, Inc. consistent with previously announced terms. Imagitas is a marketing services company that specializes in using the mail to help companies connect with hard to reach consumers. As a wholly-owned subsidiary of Pitney Bowes, Imagitas will operate under essentially the same management as it does now within the company's Global Business Services segment. "We are pleased to complete the acquisition of Imagitas," said Michael J. Critelli, Chairman and CEO of Pitney Bowes. "Its expertise in using the mail to market to consumers during various life events helps us expand our presence in the mailstream, provide more direct mail applications to our customers and leverage our broad array of mail and document management equipment, software, services and solutions." Imagitas is headquartered in Waltham, MA and employs about 100 people. Brett Matthews, President and founder of Imagitas said, "This is a very positive move for Imagitas and our customers and we expect the combined strengths of Pitney Bowes and Imagitas to help us deliver even greater value to the marketplace."




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