Pitney Bowes Business Insight’s, a wholly owned subsidiary of Pitney Bowes Inc. (PBI), mapping and location intelligence technology has been selected by California’s Britz-Simplot LLC to solidify its precision agriculture business. Britz-Simplot is the largest, full-service agricultural retailer and wholesaler of fertilizers, seed and other applications in the country.
The solutions from Pitney Bowes Business Insight is expected to help the rising challenges like limited budgets, environmental concerns and compliance regulations being faced by the crop growers. Through this technology partnership, Britz-Simplot will be able to provide strong support and a user-friendly solution to its customers.
Pitney Bowes Business Insight provides solutions to make perceptive business decisions, helping its clients to better organize, share, evaluate and take decision on customer-related and location-centric data.
Pitney Bowes Inc. was incorporated in the state of Delaware on April 23, 1920, as Pitney Bowes Postage Meter Company. Today, Pitney Bowes Inc. is the largest provider of mail processing equipment and integrated mail solutions in the world. It offers a full suite of equipment, supplies, software and services for end-to-end mailstream solutions, which enable its customers to optimize the flow of physical and electronic mail, documents and packages across their operations.
Significant investment in research and development operations differentiates Pitney Bowes from its competitors. The company has many research and development programs that are directed toward developing new products and service offerings. As a result of these efforts, it has been awarded a number of patents for existing and planned products. However, its businesses do not depend on any one patent, any group of related patents, any one license or any group of related licenses. The company continues to invest for future growth by delivering new products and solutions.
The company is a leading supplier of products and services in most of its business segments. Its meter base and its ability to place and finance meters in key markets contribute significantly to its revenue and profitability. However, all segments face competition from a number of companies. A major competitor of Pitney Bowes is Siemens AG (SI).
We currently maintain our Neutral rating on Pitney Bowesfor the long term, with a Zacks #3 Rank (short-term Hold recommendation) over the next one-to-three months.
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