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Pitney Bowes Completes Acquisition of Emtex

Press release from the issuing company

STAMFORD, Conn., Feb. 8 -- Pitney Bowes Inc. today announced the successful completion of its acquisition of Emtex Ltd. for approximately $41 million. Emtex's software and services allow large-volume mailers to simplify document production and centrally manage complex multi-vendor and multi-site print operations. As a wholly owned subsidiary of Pitney Bowes, Emtex will operate under substantially the same management as it does now within the company's Document Messaging Technologies division. "We are pleased to complete the acquisition of Emtex," said Michael J. Critelli, Chairman and CEO of Pitney Bowes. "Together we can help large mailers more seamlessly manage the production of high volumes of effective, cost-efficient, personalized mailings. Consistent with our growth strategies, the addition of Emtex helps us deliver added value to customers and shareholders by leveraging the current offerings of our Document Messaging Technologies division, expanding our range of software and professional service offerings, and growing our global customer base."

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