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Perodua Myvi

The Perodua Myvi is a subcompact car/supermini (B-segment) produced by the Malaysian manufacturer Perodua since 2005. Based on the Daihatsu Boon (also branded as Daihatsu Sirion, Toyota Passo and Subaru Justy), the Myvi is the result of Perodua's collaboration with both Toyota and Daihatsu. However, the third generation Myvi was entirely designed and made in Malaysia, thus not being based on the third generation Boon. The Myvi was the best-selling car in Malaysia for nine consecutive years, between 2006 and 2014, and again between the years 2018 and 2022. The Myvi has been Malaysia's best-selling car for 14 years since its first full year of sales in 2006. As of 2023, the Myvi reached 1.4 million units sold since the launch of its first generation in 2005.

The name "Myvi" is derived from "My Vehicle," "My Vision" and "Malaysian Vision."

First generation (M300; 2005)
The first generation Myvi was unveiled and launched on 25 May 2005, being the first B-segment hatchback Perodua ever produced and heavily based on the first generation Daihatsu Boon/Sirion. Previously, Perodua mainly produces A-segment cars based on Daihatsu kei cars. The company intended it to be a niche model in a sedan-dominated mainstream market at that time. Perodua expected the Myvi to sell 4,000 Myvis monthly. By August 2005, Perodua had received 52,000 bookings which were around 10 percent of the annual automobile sales in Malaysia, while Perodua was only able to deliver about 10,000 cars up to the date. By the second half of 2006, orders have been averaging 7,000 units a month.

Equipment level
The Myvi was made available in five trim levels: 1.0SR (five-speed manual), 1.3SX (five-speed manual), 1.3EZ (four-speed auto), 1.3SXi (five-speed manual) and 1.3EZi "Premium" (four-speed auto). Also made available was a Myvi "Special Edition" featuring a body kit encompassing modified bumpers, side skirts and a spoiler. The Myvi was also made available with dual airbags and ABS.

Performance and design
The Myvi boasts either one of two water-cooled, four-stroke engines derived from the first generation Daihatsu Sirion: A 1.0-litre EJ-VE I3, or a 1.3-litre K3-VE I4 engine; with both engines employing Dynamic Variable Valve Timing (DVVT) systems and conventional electronic fuel injection (EFI). Perodua's Serendah plant built both engines locally.

In addition to raw performance, features previously uncommon on Perodua cars were inherited from the Sirion to the Myvi. Among them are four-hole injectors, foamed urethane injected to the A-pillar, centre pillar and B-pillar for noise insulation, immobiliser systems and pedestrian safety body construction. Other notable features include underbody air flow regulating items, resin intake manifolds and cylinder headcovers integrated with air cleaner cases and flexible flywheels for reduced vibration during running (manual gearbox only).

Facelift
Engine specifications

1.0 L EJ-VE I3
 * Electronic fuel injection (EFI) siming (DVVT) system
 * Total displacement: 989
 * Max output: 43 kW at 6000 rpm
 * Max torque: 88 Nm at 3200 rpm
 * Fuel tank capacity: 40 L

1.3 L K3-VE I4 On 22 August 2008, the company launched an updated Perodua Myvi. The new Myvi features a modified grille, front bumper, bonnet, rear bumper, alloy rims, dashboard colour, instrument panel design, MP3/WMA player and seat fabric. The 1.3 Premium trim includes new UV protection glass, a seat height adjuster, and a new audio system with USB and Bluetooth capabilities.
 * Electronic fuel injection (EFI) system
 * Dynamic Variable Valve Timing (DVVT) system
 * Total displacement: 1298 cc
 * Max. output: 64 kW at 6000 rpm
 * Max torque: 116 Nm at 3200 rpm
 * Fuel tank capacity: 40 L

A "Special Edition" of the new Perodua Myvi SE was also launched on 10 October 2008, with new bumpers, clear taillights, smoked headlights, an amber instrument panel, leather seats, and a 2-DIN CD player with MP3, WMA, USB and Bluetooth support instead of an integrated unit. It is only available with a 1.3L engine with a manual or automatic gearbox.

An "Exclusive Edition" of the Perodua Myvi also launched in October 2009. It is very similar to the SE variant, albeit only the side skirts remain, as the front and rear bumpers retain the same design as the standard Myvis. Only three colours are available – Ebony Black, Ivory White and Medallion Grey, priced at RM51,000 for a solid finish and an extra RM500 for a metallic finish.

A "Limited Edition" of the Perodua Myvi also launched in July 2010, based on the standard 1.3 automatic variants. It had a unique colour called Dazzling Red. The LE has new trim colour, fabric and interior door handles, an "LE" carpet mat, and decorative cubic printing on both the centre cluster and the door trim armrests. There are also dual airbags for the people at the front. The radio has USB and Bluetooth connectivity. On the outside, Perodua has fitted the Myvi LE with smoked clear rear combination lamps (straight from the Myvi SE), "LE" badging and side door mouldings.

Reception
The launch of the Perodua Myvi was significant as it marked the first time Perodua competed head-to-head with Proton, the first Malaysian national carmaker, which would release a similarly classed Proton Savvy.

The Myvi 1.3 beat its rival, the Proton Savvy 1.2, as the "Car of the Year 2005/2006" by Autocar ASEAN, a magazine for car buyers in Malaysia. The Edge Daily, a local financial news media, reported that Myvi sales have far surpassed its initial expectations and has been selling exceptionally well since its rollout in April.

Proton's Savvy, available to the market a few months after the launch of the Myvi, had not affected Myvi sales. Observing the strong demand for the Myvi, it boosted sales of vehicles in the country and Perodua's market share in 2006.

Reviews
Richard Hammond, a presenter on BBC's Top Gear, gave a positive review of the Perodua Myvi, saying:

"No jokes, this is a good-looking car. But if it looks familiar, that's because this is a Daihatsu Sirion in all but name. You see it costs billions to develop a new car – you design them on computers then build lots of them to crash into walls. So Perodua let someone else do it and spent their money sticking a new badge on it.

But they kept a bit back to spend on styling. Which is why, even though it shares bits and pieces with the Sirion, the Myvi is better looking...

...So under seven grand for a good-looking car, built in a factory shared with Toyota, which handles as well as a Yaris, does nearly 50mpg with a three-year warranty – yes please."

Jeremy Clarkson's review was less positive, claiming the brakes, the ride, the seats and the interior were "rubbish". He also humorously suggested that "this is a car you drive with a long face".

A 2009 study by J.D. Power & Associates saw the Myvi ranked highest for its initial quality concerning new-vehicle ownership in the compact car segment.

Export
The first generation Perodua Myvi was exported to Indonesia and rebadged as the Daihatsu Sirion since April 2007. The Sirion in Indonesia does not use the global Sirion styling by Daihatsu but uses Perodua's styling, including the interior, bumpers and lamps. It is only available in the 1.3L version with two trim levels. The D trim offers basic specification, while the M trim offers Aerokits and leather seats. PT Astra Daihatsu Motor sold 1,030 units of the Sirion in 2010, followed by 2,857 in 2011.

Perodua also exported this particular Myvi to the United Kingdom and was the company's last vehicle to be sold there until the brand was exited from the UK market in 2013.

2011–2014
Developed under D54T project, the 2011 Myvi was launched on 16 June 2011 with a tagline of Lagi Best (contextually, Lagi means more in Malay) for 1.3 version and later for 1.5 version with tagline hidup myvi.

In April 2014, Perodua launched base Myvi XT model which replace the 1.3 standard. It added equipment at no extra cost.

Performance and safety
Both 1.3-litre K3-VE and 1.5-litre 3SZ-VE engines are fitted with DVVT and EFI. Despite the fact that the 1.3-litre is a carry-over from the previous generation Myvi, Perodua reported an increase of 10 hp for the new model. The increase was attributed to the new electric power steering (EPS) system. Additionally, the 1.5-litre 3SZ-VE engine, which also powers the Alza, is imported from the Daihatsu engine plant in Karawang, Indonesia.

Dual SRS Airbags are standard across the range, the first of the national badged cars in Malaysia. The central rear seat belt is a 3-point ELR system, an upgrade over the 2-point belt in the previous generation. ISOFIX is standard across the range for standard installations of child seats. ABS and EBD is available in the 1.3L Premium, 1.3L Elegance and all 1.5L variants.

Equipment
The 2011 Perodua Myvi is available with two engine options of 1.3L and 1.5L, it was separated by different design of bumper and grill. Both are available in a 4-speed automatic or a 5-speed manual gearbox. There are three trims for the 1.3L model – Standard (EZ & SX), Premium (EZI & SXI) and Elegance, and two trims for the 1.5L model – SE (Special Edition) and Extreme. Although the 2011 Myvi is a rebadged 2010 JDM Daihatsu Boon, it has different exterior and interior styling, equipment and engine. Also the CVT is not available, in contrast with the original model.

Projector headlamp, Electronic Power Steering and dual airbags are standard across the range. The standard trim gets steel rims with caps, and other variants get alloy rims and foglamps. The automatic transmission lever is now relocated to the dashboard area like the Alza. An integrated 2-DIN 6-inch touchscreen DVD Navigation system with Maps powered by Telekom Malaysia is available in the 1.3L Elegance and all 1.5L variants. The 1.3L Elegance and 1.5L Extreme trim levels also get chrome door handles and a different body kit.

Safety

 * 🇲🇾 - ASEAN NCAP -

2015–2017
On 7 January 2015, Perodua announced that bookings for the 2015 Perodua Myvi have been opened. The 2015 Myvi is the mid-life facelift model of the second generation Myvi. It has been revamped to suit Perodua's new design language and product branding. The facelifted second generation Perodua Myvi was launched on 15 January 2015.

Performance
The 2015 Myvi was produced in six trim levels, in two engine and transmission options, namely the 1.3L Standard G manual and automatic, 1.3L Premium X automatic, 1.5L SE manual and automatic and 1.5L Advance automatic. The powertrain remains largely unchanged over the pre-facelift Myvi, with the four-cylinder 1.3L K3-VE and 1.5L 3SZ-VE engines developing 89 hp with 117 Nm, and 102 hp with 136 Nm respectively. The four-speed automatic and five-speed manual transmissions have also been carried over from the pre-facelift model.

Equipment
The most significant changes in the facelifted Perodua Myvi would amount to the increased equipment and kit levels across the range. Despite that, projector headlamps and Bluetooth connectivity were no longer standard. The 1.3L and 1.5L models are differentiated with unique bumpers and alloy rims. The 1.3L Standard G model, the base model of the range, is fitted with a simple radio with CD-player head unit, while the more expensive 1.3L Premium X and 1.5L SE models add MP3/WMA, USB and Bluetooth functions. The range-topping 1.5L Advance variant is equipped with a multimedia system and navigation, as well as a reverse camera. Both 1.3L models are fitted with standard fabric seats, while the 1.5L SE sports fabric semi-bucket seats, which is leather-wrapped in the 1.5L Advance. Additionally, all models with the exception of the 1.3L Standard G feature front corner sensors. The 1.3L models are fitted with standard halogen headlamps, whereas the 1.5L variants feature projector headlamps with guide lights, a first for a B-segment Malaysian-made car. Other new additions include the well-received anti-snatch hook first seen in the Perodua Axia, as well as a retractable cup holder under the driver's right side air conditioning vent.

Safety

 * 🇲🇾 - ASEAN NCAP -

Perodua claims that the 2015 Myvi has achieved a 4-star ASEAN NCAP rating thanks to added safety equipment. However, the Standard G base model still lacks an anti-lock braking system (ABS) with electronic brakeforce distribution (EBD) and brake assist (BA). The Premium X, SE and Advance models have ABS with EBD and BA, but the airbag count remains at a mere two, with only the driver and front passenger compartments being protected. Electronic stability control (ESC) or a traction control system (TCS) is still not offered. Despite Perodua's claims that the 2015 Myvi is 4-star ASEAN NCAP rated, it is likely that the rating only applies to the Premium X, SE and Advance models and not to the Standard G base model which lacks ABS with EBD and BA.

Export
The second generation Perodua Myvi was also rebadged as the Daihatsu Sirion for the Indonesian market. It was launched on 23 July 2011 at the 2011 Indonesia International Motor Show. Like the previous generation Sirion, the new Sirion is also imported as a CBU model from Perodua's factory in Rawang, Malaysia. The second generation Sirion sold in Indonesia is based on the Perodua Myvi in its mid-range Premium trim level. Apart from the different badges, steering wheel and the lack of airbags and ABS, the second generation Sirion is largely identical to the Myvi Premium. At launch, the new Daihatsu Sirion is available with 5-speed manual and 4-speed automatic transmission options.

PT Astra Daihatsu Motor sold 2,857, 6,663 and 2,374 units of Sirion in 2011, 2012 and 2013 respectively.

In February 2015, the second generation Myvi facelift was launched in Indonesia. Available with either manual or automatic transmission, the Sirion that was sold in Indonesia was mainly based on the 1.5 SE trim sold in Malaysia but instead of having a 1.5-litre engine, the Indonesia market Sirion used a 1.3-litre engine. Other notable difference from the Malaysian 1.5 SE trim included the instrument cluster from the Malaysian market 1.3 Premium X and a headunit system that was not used in any Myvi's bound for the Malaysian market.

Since April 2016, Perodua's official distributor in Brunei, GHK Motors Sdn Bhd launched the facelifted 2nd generation Myvi in 1.5 SE variant only, which replaced the previous Japanese-built 1st and 2nd generation Daihatsu Sirion (based on the Storia and Boon). The car was featured with either 4-speed automatic or 5-speed manual transmission options.

Pre-launch
A third generation of the Perodua Myvi had been rumored to come in the late 2017/early 2018. On 8 November 2017, Perodua announced that bookings for the 2018 Perodua Myvi have been opened. The third generation Perodua Myvi mades it public debut at the Malaysia Autoshow at MAEPS in Serdang from 9–12 November 2017. Although during this time, the car was parked in a box that featured multiple cut outs only allowing for sneak peeks. The third generation Perodua Myvi was launched on 16 November 2017. It was developed under D20N project.

This generation of Myvi is entirely designed in-house by Perodua's own design and styling division led by Muhamad Zamuren Musa, who also designed the Perodua Bezza, without rebadging the third generation of Daihatsu Boon. It is a totally brand new car which Toyota only provide advice and engines to Perodua in developing the new Myvi.

Exterior and Interior
Standard equipment across the lineup include LED reflector headlights, manual headlight leveling, LED taillights, electronic adjustable side mirrors, reverse sensors, full size spare tyre, keyless entry and start, all round power windows with auto driver's window, digital air conditioning controls, tilt adjustable steering wheel, height adjustable driver seat, 60:40 split folding rear seats, and integrated shopping hook and anti-snatch hook. 1.3 variants come with 14" alloy wheels with a 7-spoke directorial design while 1.5 variants come with 15" alloy wheels with a 5 dual-spoke design with a dual-tone finish. Standard G variant features a silver front grill and body-colored exterior door handles while other variants feature a chrome front grill and chrome exterior door handles. 1.5 variants adds on a front splitter, rear spoiler and dual tone side skirts and a rear bumper. Inside, the Standard G variant has silver trim surrounding the air con vents while other variants have chrome surrounds in addition to the additional silver and chrome highlights around the cabin. Standard G variants have an integrated headunit with radio and USB input. The Premium X and High variant gain Bluetooth connectivity and the Advance variant gets a touchscreen headunit with a reverse camera, GPS and smartphone mirroring function. The Premium X variant gains a USB port, leather wrapped steering wheel with multi-function buttons and rear seats with adjustable headrests. The 1.5 High variant adds on a built-in toll reader and the Advance model adds on security window tint film and leather upholstery. Other variants uses fabric upholstery.

During the 2018 KL International Motor Show, a Myvi GT concept was shown. Exterior changes compared to the standard Myvi includes a different front bumper, a red line in the headlamps that flows from the grille, flared wheel arches, 17" wheels, upgraded brakes, a larger rear spoiler, a different rear bumper and exposed tailpipes. For the interior, differences include red highlights, bucket seats and a flat-bottom steering wheel.

Update
In July 2020, the Perodua Myvi received minor updates. Updates include enhanced safety features and revised colour choices. ASA 2.0 was added and made available as standard on all 1.5 variants and optional on the 1.3 Premium X variant. Granite Grey which was previously exclusive to 1.5 variants was also made available on 1.3 Premium X variant.

Powertrain
The engines provided for the Myvi were modified by Perodua to improve fuel efficiency and acquire the Energy Efficient Vehicle (EEV) standard as with the Axia and Bezza. Two engines are available:

 * 1) 1NR-VE engine with a displacement of 1,329 cc (1.3 litre) that produces 70 kW at 6000 rpm and 121 Nm at 4000 rpm.
 * 2) 2NR-VE engine with a displacement of 1,496 cc (1.5 litre) that produces 76 kW at 6000 rpm and 136 Nm at 4200 rpm.

Both engines have double overhead camshaft and dual variable valve timing branded as Dual VVT-i.

The 1.3 litre engine can be had with either a 5-speed manual or 4-speed automatic. Unlike the previous generation Myvi, the 1.5 litre engine can be had with only a 4-speed automatic.

Safety
The first time ever in a Malaysian branded car, the Myvi offers 'Advanced Safety Assist' in the top of the line 1.5 AV Variant.

Advanced Safety Assist or (A.S.A.) includes:
 * PCW (Pre-Collision Warning)
 * PCB (Pre-Collision Braking)
 * FDA (Front Departure Alert)
 * PMC (Pedal Misoperation Control)

Facelift
The facelifted third generation Myvi was launched on 18 November 2021. The Perodua Smart Drive Assist (PSDA), also known as ASA 3.0, replaces the ASA 2.0 in the outgoing pre-facelift Myvi and it is standard on all variants except for the base 1.3 G, which is optional. There are 5 variants on offer. The 1.3-litre engine option now consists of only 2 variants, the base G and G with PSDA, while the 1.5-litre engine option now consists of the X, H and AV variants. The 4-speed automatic that has been in use since the first generation Myvi has been replaced by a D-CVT that is also found in the Perodua Ativa. The D-CVT is the only transmission option. The 5-speed manual transmission that was previously offered only on 1.3-litre variants was dropped due to low sales of only 1 percent. The range-topping AV variant gets new features including adaptive cruise control, blind spot monitoring, rear cross traffic alert and lane departure warning with lane departure prevention.

Export
The third generation Myvi was launched in Indonesia in February 2018 as the Daihatsu Sirion, Singapore in April 2019, Mauritius in August 2019 and Brunei in July 2020.

In Indonesia, the third generation Myvi is sold as the Daihatsu Sirion. The Indonesian specifications closely matches the Premium X variant available in the Myvi's domestic market apart from having 2 transmission options, the use of larger 15" alloy wheels from the domestic market 1.5 Myvi's on the outside and a touchscreen headunit on the inside. It was updated in March 2020 with revision to the exterior. Granite Grey and Electric Blue color option was made available and the automatic variant gained the cosmetic enhancements from the domestic market 1.5 Myvi's. It received a facelift on 2 June 2022 with two variants: 1.3 X and 1.3 R, both with CVT.

In Singapore, 2 variants are available: 1.3 X and 1.5 H, while in Mauritius, 2 variants are available: 1.3 G and 1.5 H.

In Brunei, 2 variants are available: 1.3 G with 4-speed automatic transmission only which specifications mirrors that of the domestic market 1.3 Standard G variant and S-Edition. The S-Edition is the 1.3 G variant with a different front fascia, additional lower lip to the rear bumpers, side skirts, stickers on the side and different wheels. It has been confirmed that the additions seen on the S-Edition are done by Perodua's Brunei official distributor GHK Motors and not Perodua themselves. The facelift Myvi was not introduced in the Bruneian market upon its discontinuation in May 2023 due to very slow sales.

Sales
It was reported that after one week from launch, 1,000 units had been delivered. Then after one month of being on sale, in December 2017, it was reported that 4,500 units were delivered. $2 1/2$ months after launch in January 2018, 11,000 units were delivered. It was also revealed that 1.5 models accounted for 85% of the bookings. 28,000, 38,000 units and 100,000 units delivered was reported in March 2018, May 2018 and in February 2019 respectively.

In August 2018, a supply disruption at one of the vendors caused a temporary halt to Myvi productions. Perodua Myvi is promoted as the best selling car in Malaysia for 12 years out of 16 years since 2006. The current highest sales record is during 2021 with 47,525 units sold.

Reviews
The third generation Myvi has received generally favourable reviews from critics in its domestic market. Malaysian automotive journalist Hafriz Shah from paultan.org commended the Myvi's looks, quality and features. Overall package offered were exceptionally praised, in which Shah claimed if you are looking to buy a car under RM100k, do take a look at the Myvi first. "It really is that good." However Shah also criticised the small speedometer, having only one compartment for items, and the headunits English. Kon from evomalaysia.com commended the Myvi's being stylish, affordable, and practical but commented that it is not for enthusiasts and "that the predecessor was more spacious inside."

Awards and accolades

 * Budget Car - iCar Asia People's Choice Awards 2017
 * Best 3 Compact Hatch of Malaysia - Aurizn Awards 2018 'Cars of Malaysia'
 * Vehicle of the Year 2018 - DSF.my Allianz Vehicle of the Year (VOTY) 2018
 * Best Compact Hatch - Carsifu Editor's Choice Awards 2018
 * Compact Hatch (Gold Winner) - Carlist.my People's Choice Awards 2018
 * Entry Level Car of the Year - Malaysia Car of the Year (COTY) 2018
 * Malaysia's Good Design Mark 2018
 * Best 3 City Cars - 2019 'Cars of Malaysia'

title: Perodua Myvi


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Pitney Bowes

Pitney Bowes Inc. is an American technology company most known for its postage meters and other mailing equipment and services,  and with expansions into e-commerce, software, and other technologies. The company was founded by Arthur Pitney, who invented the first commercially available postage meter, and Walter Bowes as the Pitney Bowes Postage Meter Company on April 23, 1920.

The company provides mailing and shipping services, global e-commerce logistics, and financial services to approximately 750,000 customers globally,. Pitney Bowes is a certified "work-share partner" of the United States Postal Service, and helps the agency sort and process 15 billion pieces of mail annually. Pitney Bowes has also commissioned surveys related to international e-commerce.

Pitney Bowes is based in Stamford, Connecticut, and employed approximately 11,000 people worldwide.

History
In 1902, Arthur Pitney patented his first "double-locking" hand-cranked postage-stamping machine, and with patent attorney Eugene A. Rummler, founded the Pitney Postal Machine Company. In 1908, English emigrant and founder of the Universal Stamping Machine Company Walter Bowes began providing stamp-canceling machines to the United States Post Office Department. Bowes moved his operations to Stamford in 1917. These two companies merged to form the Pitney Bowes Postage Meter Company in 1920 with the invention of the first commercially available postage meter.

The company created its first logo, which symbolized "the security of the metered mail system", in 1930. In 1950, Pitney Bowes initiated an advertising campaign in national publications with the message, "Metered mail makes the mailer's life easier". In 1971, the company introduced a new logo, which represented the "intersection of paper-based and electronic communication". Pitney Bowes was valued at around $18 billion in December 1998.

In April 2003, Pitney Bowes filed a lawsuit in Seattle's King County Superior Court against Mark Browne and Howard Gray, who founded the competing company Nexxpost in 2002, as well as six other former employees, for engaging "in transgressions ranging from misappropriation of trade secrets to violating confidentiality agreements". The two companies reached a settlement in August 2003.

By 2005, the company employed 32,500 people and the next year reported $5.7 billion in annual revenue and more than 35,000 employees. In 2008, in conjunction with other companies, Pitney Bowes donated two of its 3,400 patents to the Eco-Patent Commons, which is operated by the World Business Council for Sustainable Development, in an effort to reduce pollution. One of the patents increases the lifespan of electronic scales, reducing landfill waste, and the other is an inkjet printing technology that reduces ink use. In 2009, Pitney Bowes was named one of the world's largest software companies by Software Magazine and in December it opened its first customer innovation center in Shelton, Connecticut.

In February 2012, the credit rating for Pitney Bowes International Holdings was lowered by Fitch Ratings from BBB+ to BBB. The ratings agency said its main concern was "the downward trajectory" of Pitney Bowes' revenue, and added that they have a "negative outlook." The company sold its I.M. Pei & Partners-designed headquarters in Stamford for nearly $40 million in 2013, and relocated to a new, smaller headquarters in the city. According to the Hartford Courant, Pitney Bowes was eligible to receive as much as $27 million in subsidies over five years as part of the state's "First Five" program, for keeping 1,600 employees and adding 200 more. In March 2014, Moody's Investors Service assigned a long-term rating of Baa2 to the company's proposed $350 million senior unsecured notes (due 2024) and reiterated their stable outlook on Pitney Bowes.

In 2014, the company announced plans for a rebrand. Pitney Bowes unveiled its new logo in January 2015, replacing one used since 1971; the rebranding campaign, which included an updated Web site and marketing, reportedly cost between $40 million and $80 million.

Pitney Bowes' 2015 profits totaled $408 million, but this declined to $95 million in profits for 2016. The company's revenues also decreased 5% from 2015 to 2016 when it reported $3.4 billion in revenue. By the end of 2016 it had 15,700 employees. Pitney Bowes' executives said the declines were caused by "the changeover to a new U.S. enterprise-business platform — a change that disrupted short-term business, but one they have said would significantly improve the company's long-term operations."

In 2016, the company launched its first television advertising campaign in nearly twenty years; "Craftsmen of Commerce" cost $20 million and included three advertisements for national news and sports networks.

In March 2017, Pitney Bowes left the S&P 500 index, having been listed since the index was established in 1957, and joined the S&P 400. The company focused increasingly on e-commerce related services in the late 2010s. This area of its business grew during the COVID-19 pandemic, and it opened three e-commerce service centers in Baltimore, Orlando and Oakland in 2020.

Acquisitions, investment, and divestitures
In 1995, Pitney Bowes sold Dictaphone Corp., which produced communication and dictation recording systems, to an affiliate of the investment group Stonington Partners Inc. for $450 million. Imagistics International was spun-off from Pitney Bowes' copier and fax business in 2001.

Since 2001, Pitney Bowes has spent $1 billion on acquisitions. In 2001, Bell & Howell sold its international Mail and Messaging Technologies business to Pitney Bowes. Pitney Bowes also acquired Danka Services International (part of Danka Business Systems PLC) for $290 million in cash, and the French postage meter company Secap. In 2002, Pitney Bowes acquired the Omaha, Nebraska-based mail presorting company PSI Group for $130 million, followed by the Landover, Maryland-based DDD Company, which developed mail and messenger services, for $49.5 million in 2003.

In 2004, Pitney Bowes acquired the Lanham, Maryland-based company Group 1 Software, which develops mailing technology, for $380 million, as well as International Mail Express for $29 million. In February 2005, Pitney Bowes completed transactions in Brazil and India, expanding into both markets for the first time. In Brazil, the company partnered with Semco Participacoes to form Pitney Bowes Semco Equipamentos e Servicos, offering mailing equipment, production mail, and software services. Pitney Bowes acquired the mailing division of Kilburn Office Automation Limited, forming the New Delhi-based Pitney Bowes India. Pitney Bowes acquired the litigation support services provider Compulit Inc. one month later, creating Pitney Bowes Legal Solutions. Pitney Bowes purchased the marketing services company Imagitas in 2005 for $230 million in stock, which was sold to Red Ventures in 2015.

The company spun-off Capital Services in 2005 to New York private-equity group Cerberus Capital Management. Pitney Bowes acquired multiple companies in 2006, including Emtex and its output management software for $41 million, and the Providence, Rhode Island-based company Ibis Consulting, Inc., which provides electronic discovery services, for nearly $67 million. The company also acquired Advertising Audit Service, PMH Caramanning, and the Bellevue, Washington-based company Print Inc., which provides print management solutions.

In 2007, Pitney Bowes acquired MapInfo Corporation and its location intelligence solutions. The company moved out of MapInfo's building in North Greenbush, New York's Rensselaer Technology Park, and into other offices within the science park. Pitney Bowes also acquired the Toronto-based customer relationship management services company Digital Cement for nearly $40 million in cash.

The British software development company Portrait Software was acquired by Pitney Bowes in 2010 for nearly $64.8 million in cash. Pitney Bowes sold its management services division to Apollo Global Management in 2013 for $400 million.

In May 2015, Pitney Bowes acquired the online shopping services provider Borderfree for about $395 million. Borderfree was founded in Israel in 1999 initially as a forex conversion site for retailers and subsequently pivoted its business to providing cross-border e-commerce solutions for US retailers.

The company also acquired the cloud-based software developer Enroute Systems Corp. for an undisclosed amount, followed by the presort services provider Zip Mail Services.

In mid 2016, Pitney Bowes acquired Maponics, which provides "geospatial boundary and contextual data", for an undisclosed amount. In February 2017, the company acquired the Naperville, Illinois-based mailing solutions company ProSORT for an undisclosed amount. Pitney Bowes merged its Des Plaines operating center into a larger Naperville facility.

In September 2017, Pitney Bowes acquired Newgistics, an Austin-based e-commerce and retail logistics company, for $475 million, with the stated aim of "accelerating Pitney Bowes' expansion into the U.S. domestic parcels market." Following the acquisition, Newgistics CEO Todd Everett (who joined the company in 2005 as Director of Operations and was named CEO in 2015) continued to lead Newgistics within Pitney Bowes' corporate framework.

In mid 2018, Pitney Bowes' Document Messaging Technologies (DMT) division was acquired by Platinum Equity in exchange for $361 million, and the newly acquired business was re-branded as BlueCrest.

In August 2019, Syncsort announced plans to acquire Pitney Bowes' software solutions business for approximately $700 million. The transaction was completed in December 2019.

In August 2022, Pitney Bowes announced it would test automated delivery trucks from startup Gatik for short hauls by supplementing existing routes in the Dallas, Texas, area.

Leadership
Marc Lautenbach has served as Pitney Bowes' president and CEO since December 2012. He has been credited with prioritizing innovation and moving the company into e-commerce and other technology services. Former GE Capital executive Ana Maria Chadwick was named executive vice president and chief financial officer in January 2021 replacing Stanley Sutula III who left the company in October 2020. Other key personnel include James A. Fairweather, who serves as chief innovation officer, and Jason Dies, executive vice president and president of Sending Technology Solutions.

Former CEOs include Murray D. Martin, who served from 2007–2012, and Michael J. Critelli, who served as chairman and chief executive for ten years. Other previous CEOs included: George Harvey, Fred Allen, John Nicklis, Harry Nordberg, and Walter Wheeler.

Current products and services
The company launched its e-commerce business in 2012, to support businesses with online orders that are shipped to consumers. In April 2016, Pitney Bowes launched its "Commerce Cloud" platform, allowing customers to calculate payments, print labels, and process international transactions, among other tasks, using the company's applications.

The company announced the launch of a single platform incorporating tools and services such as shipping, tracking, payments and marketing for global e-commerce businesses in 2017. By 2020, Pitney Bowes' largest business area was parcel processing for e-commerce; its processing centers handle package delivery and returns, working with USPS and private delivery companies to ship the packages. The company's e-commerce service managed parcel shipping and returns for approximately 600 retailers globally, as of 2020. It uses technology from third party providers for cloud computing, database management and application programming interfaces, to allow communication between the systems used by retailers and parcel carriers.

As of 2021, Pitney Bowes continued to provide commercial clients with postal meters and mail presorting services. Its Presort Services business for enterprise companies processes approximately 17 billions of pieces of mail annually. The company handles commercial mailing and shipping via its SendTech services. Pitney Bowes released its SendPro300 product in October 2016, and launched its SendPro C Series in September 2017. In addition to postage meters, such as the company's SendPro Mailstation, it provides an online SendPro tool for calculating and paying for postage, and printing shipping labels and stamps.

The company established its financial services business in the late 1970s, initially for customers leasing its postage meters and later to provide financing for customers to buy its equipment. In March 2019, Pitney Bowes launched the subsidiary Wheeler Financial to provide equipment financing to small and medium businesses. The company's financial services also include a state chartered bank, based in Salt Lake City, that its clients use for purchasing U.S. postage.

The company publishes an annual report on parcel shipping volume and spending, called the Pitney Bowes Parcel Shipping Index. The index includes data from 13 countries: Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Norway, Sweden, the United Kingdom and the United States.

Historical products and services
Pitney Bowes introduced the Model M Postage Meter, which was authorized by the United States Postal Service on September 1, 1920. The company released the first mass-market meter designed for desktops in 1949. The first automatic mail sorters were launched by the company in 1957, and mail inserters were created in 1961 to increase productivity and decrease costs associated with volume mailing. In 1968, Pitney Bowes created the first bar code equipment for retail use.

The company launched Postage by Phone in 1978, reducing reliance on post office visits. In 1986, the company began offering fax machines and scales with microprocessors. Pitney Bowes introduced Paragon, which calculates and affixes postage based on size and weight, in 1992. Line of credit for postage was launched in 1996, followed by D3 software, which allowed message management via email, fax, hard copy, and web, in 1998. In the 2000s, Pitney Bowes introduced its DM1000 Mailing System and IntelliLink technology, a new collection of digital postage meters called the DM Infinity Series, four AddressRight printers, and the IntelliJet Printing System.

The company enhanced its Internet-based shipping service in 2011 with the introduction of its 'pbSmartPostage' mailing tool, which "[integrates] postage, package routing, shipping management and reporting into a Web app that can be accessed from any PC with a printer". In 2015, Pitney Bowes launched its AcceleJet inkjet system, which targeted transactional printers and was intended for companies printing at high volumes. In addition to stuffing envelopes, weighing documents, and printing postage, the 2015 model of the Relay Multi-Channel Communication Suite scans and uploads files and offers email marketing functions.

In January 2016, Pitney Bowes began using technology by Electric Imp to enable Internet connectivity for postage meters. The software created a maintenance program, described and tracked problems with machines, and enhanced data sharing. In March, Pitney Bowes introduced Single Customer View, which used the company's Spectrum Technology Platform to facilitate data sharing. The customer relationship management aggregator was not specific to the medical industry, but marked a push into the healthcare field.

In mid 2016, the company introduced its first channel program and partnered with information technology providers, including global systems integrators Accenture and Capgemini, to help companies find and communicate with customers. The company released a digital device, called SmartLink, in July 2016; the product was developed in collaboration with Electric Imp and connected postage meters to Pitney Bowes' cloud-computing technology, and enabled other maintenance and monitoring services as well. Pitney Bowes also released a suite of digital services, including: Clarity Advisor, which collected machine data to "combat unplanned downtime"; Clarity Optimizer, which used analytics to increase productivity; and Clarity Scheduler which, according to Computer Weekly, "automates placement of the right job on the right machine at the right time". In September 2016, the company partnered with Lighthouse Computer Services to create data solutions designed to help businesses identify and keep customers, improve marketing initiatives, and reduce fraud. In 2017, the company released its location intelligence tool, called GeoVision, which uses data provided by PSMA Australia and allows companies to "visualise, analyse, and ultimately make use of that data to inform decisions".

license: Creative Commons - Attribution Share-Alike - https://creativecommons.org/licenses/by-sa/4.0/

title: Pitney Bowes