Pitney Bowes Inc. Announces the Opening of A Second R&D Center in Pune, India

PUNE, India — (BUSINESS WIRE) — May 22, 2012 — Pitney Bowes Inc. (NYSE: PBI) is opening another R&D center in Pune, India which will be the second center for the company in the country, and will focus on research and development for its global portfolio, including Volly™ – a digital mailbox solution. Pitney Bowes's expanded operations are driven by expansion of its product portfolio and the growing market interest across the globe. The center will allow Pitney Bowes Inc. to expand capacity for local and global business demands. Located in two of India's most prominent IT hubs, Noida and Pune, the newly inaugurated facility reflects Pitney Bowes’s increased investments and focus in the country.

Pitney Bowes considers India to be strategically important from both a market and an operational perspective. Within five years of setup, the current R&D facility in Noida has succeeded the company’s expectations, with more than 600 employees working across business units. Over the last few years, Pitney Bowes India has received kudos for its strategically driven Human Resource programs and Leadership practices. Amongst the rewards and recognitions received, they secured wins in three categories at Asia’s Best Employer Brand Awards 2011, including the ’Exemplary Leader Award’, ‘Talent Management Award’ and the ‘Award for Continuous Innovation in HR Strategy at Work’. They have been awarded as the Best Workplace by the Great place to Work Institute, and the AON Hewitt Award for the ‘Top Companies for Leaders’ in 2011. Pitney Bowes Inc. has also been the founding supporter of Catalyst’s India chapter, the opening ceremony of which was held in Bangalore recently.

“Innovation forms the foundation of our growth strategy and with the current expansion, we hope to further leverage India’s talent pool.” said Sue McKinney, Vice President, Global Product Development, Pitney Bowes Inc. “The Pune center will be the development hub for Volly, and other emerging digital solutions.”

“Pune has a strong talent pool and is a mature software product development destination. It boasts of 12% of Software Product Development headcount in India, is an education and research hub and this is one of the main reasons why we chose to set up our second R&D center here. With the opening of the Pune center, we hope to incubate, sustain and support local talent and maintain high quality of contributions and value to Pitney Bowes globally.” said Manish Choudhary, Managing Director, Pitney Bowes Software India.

Pitney Bowes Inc. has been present in India since 2007, and is headquartered in Noida. It offers location intelligence, data management, customer communication management, and predictive analytics solutions; each of these is designed to meet the business and operational efficiency needs of customers where end-consumer data management is crucial for profitability, and geographical data plays a key role in business decisions.

About Pitney Bowes

Delivering more than 90 years of innovation, Pitney Bowes provides software, hardware and services that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business through advanced customer communications management. Pitney Bowes is a $5.3 billion company with 29,000 employees worldwide. Pitney Bowes: Every connection is a new opportunity.™

www.pb.com/



Contact:

Pitney Bowes Inc.
Carol Wallace, 203-351-6974
Email Contact




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