Pitney Bowes Completes Sale of Document Messaging Technologies to Platinum Equity
Also reflecting changing times: shipping technology vendor Pitney Bowes has completed sale of its document messaging business to private investor Platinum Equity. The $361 million deal was announced in April. The group sells high-speed personalized printing systems. Sale of martech companies to investors like Platinum Equity has become more common than purchase by strategic buyers like Interpublic Group.