PITNEY BOWES Business Summary

Pitney Bowes Inc. (PBI) is a global technology company that generates revenue through a mix of subscription-based SaaS shipping solutions, equipment leasing, maintenance services, and transaction-based mail sortation fees. Following the 2024 divestiture and liquidation of its Global Ecommerce segment, the company has streamlined operations into two core segments: SendTech Solutions, which provides physical and digital mailing and shipping technology, and Presort Services, which aggregates and sorts high-volume mail to secure workshare discounts from postal services. Additionally, the company operates Pitney Bowes Bank, providing specialized financial services and postage financing to its client base. Pitney Bowes competes directly with Quadient in mailing technology, BlueCrest in high-volume sortation, and Auctane (Stamps.com) in shipping software, maintaining a dominant market position as a low-cost leader in the domestic presort and regulated mailing equipment sectors. Originally founded in 1920 by Arthur Pitney and Walter Bowes, the company is currently led by Chief Executive Officer Kurt Wolf, a former activist investor and founder of Hestia Capital who took the helm in 2024 to spearhead a strategic turnaround. The executive team includes Paul Evans as EVP and Chief Financial Officer, Todd Everett as President of Sending Technology Solutions, and Debbie Pfeiffer as President of Presort Services. In February 2026, the company further strengthened its leadership by appointing Steve Fischer, former CEO of TIAA Bank, as President of Pitney Bowes Bank to optimize its financial services division. The company’s board is chaired by Brent Rosenthal and includes significant representation from Hestia Capital Management, which remains a notable institutional investor alongside major holders like BlackRock and Vanguard.