07/31/2006
Pitney Bowes Inc.(
Profile) has agreed to purchase Print Inc.(
Profile), provider of bundled offerings of printer supplies, service and equipment to manage document production, for $47 million, and will integrate Print Inc.’s operations into a wholly owned subsidiary of the company, Pitney Bowes Direct.
According to Pitney Bowes, the deal will help the company add value to another, key aspect of the mail stream. “Managing the printing of documents is a key activity involved in the production of effective mail and documents. Yet, as important as it is, most businesses rely on an array of separate vendors to provide printer equipment, printer supplies such as paper, ink and toner, and maintenance and repair services for their printer fleet,” says Michael J. Critelli, Chairman and CEO of Pitney Bowes, in a statement.
Print Inc. generated approximately $49 million in revenue in ‘05 by working with small- to mid-size customers in a variety of verticals.
pitney bowesShare this storyThese icons link to social bookmarking sites where readers can share and discover new web pages.
Ziff Davis Holdings(Profile) has decided to sell Ziff Davis Media, publishers of PC Magazine and Baseline, as well as a variety of online, tech-focused products.
The company has retained Evercore Partners and Lehman Brothers as financial advisors to assist in the sale. Private equity firm Willis Stein & Partners, which bought the magazine assets of Ziff Davis in 1999 for $780 million in cash, will likely take a loss in a sale.
Ziff Davis Holdings announced growth of 84.7 percent in Q2, compared to the second quarter last year. Online revenue jumped 49 percent and print revenue fell 6 percent.
Business News evercore partners lehman brothers ziff davis mediaShare this storyThese icons link to social bookmarking sites where readers can share and discover new web pages.
07/12/2006
There is talk around the London Exchange that the governor of bank of Italy favors greater consolidation in the sector. The governor reportedly told a banking association annual conference that more mergers between banks should take place and are worth considering where cost savings outweigh merger costs.
This provides something to watch in the upcoming months. When the leader of a EU national bank talks about consolidation, it will lead to more bank leaders looking into the possibilities.
banking association italy mergersShare this storyThese icons link to social bookmarking sites where readers can share and discover new web pages.
