Though it already has a boost toward $1 billion by creating a $400 million company first with the acquisitions of
MapInfo and
Group 1 Software, Pitney Bowes Software acquired two more companies this week:
Encom, an Australian natural resources software provider and
Acxiom France, a geomarketing and data analytics company but also a long time distributor of MapInfo software in that country.
Mike Hickey, PB Software president
said this month that he intends to get to $1 Billion in five years by both organic revenue growth and by acquisition.
I would not have expected the Encom acquisition as it does not fit the software solution model for Pitney Bowes in the area of marketing services. An exploration and infrastructure software company, Encom will offer accretive revenue and I suppose the move was geographic in nature since it fits the Australian market. But it's a strange acquistion from the standpoint of PB's competitive position. Acxiom France fits the PB model much better and offers them a localized solution for francophone countries.
Comments
May 13
Hopefully the coalition will offer a [...]
Patrick about NIM Social Networking Patent - Trouble for LBS Providers?
May 13
What is described above is the basis of [...]
Ralph T. about Blue Dasher, the next Immersive Media?
May 11
Immersive Media appear to have been the [...]
jeff about Garmin Previews New Products
May 10
hi,
Do you know when the Garmin [...]
anon about Final Day for Canadian Gov on MDA Sale to Alliant
May 8
THANK GOD!!!
Christina de Barros about AOL Sues NavQuest Over Similarity to MapQuest
May 8
There is no confusion. One is boat [...]
Kirk about Ben Bernanke: Geographer
May 8
Are we seeing a new meaning for the term [...]