LONDON, UK / ACCESSWIRE / October 19, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Pitney Bowes Inc. (NYSE: PBI), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=PBI. The Company announced on October 17, 2017, that it won a contract with Leicester-based Opus Trust Marketing ("Opus Trust"). Using its expertise in providing solutions to power commerce, Pitney Bowes will help Opus Trust in accelerating its growth and help in delivering its ambitious strategic development plans. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Opus Trust whose expertise lies in multi-channel communications and critical document printing and mailing for a diversity of high profile clients, including 20% of the FTSE 100 companies, is making an investment in Pitney Bowes' PulseTM inserting system and two of Pitney Bowes' high-performance multi-format inserters, EpicTM.
Pitney Bowes will also receive an investment from Opus Trust in its digital customer engagement solutions as part of an Early Adopters program. The Company is doing so with a view to delivering bundles services to its clients which it can experience at the onset of the launch.
Need for Pitney Bowes Investment
Opus Trust manages high volumes of critical, transactional documents with approximately 1,000 communications every minute for its clients which translates to 1.3 million each working day. The technologies and enhanced services from Pitney Bowes will offer higher reliability via integration of physical and digital technologies. The PulseTM inserting system of Pitney Bowes eliminates the need for manual hand enclosing and provides electronic automating enclosing as an alternative in order to increase efficiencies, reduce costs, and improve integrity. Opus Trust needs a strong system for adhering to strict regulatory timelines and on-time billing which would otherwise result in significant penalties. To fight this, PulseTM's integrity tracking and ‘proof of mail' features provide Opus Trust and its clients with documented processes a strong sense of security and foundation for regulatory compliance.
EpicTM, which is a multi-format inserter, automates manual processes, improves flexibility, and enhances available capacity to support increasing capacity and volumes. Opus Trust needs to have the capability to switch between jobs and clients effectively with features such as high processing speed, productivity, which are crucial during peak times when the volumes of utility bills and year-end financial documents managed by Opus Trust increase by 50%.
Opus Trust will utilize Pitney Bowes' next generation print production facility such as PulseTM and EpicTM along with Pitney Bowes® IntelliJet printing systems.
About Pitney Bowes Inc.
Pitney Bowes is a global technology products and solutions provider powering billions of transactions, physical and digital, in the connected and borderless world of commerce. Clients around the world, including 90% of the Fortune 500, rely on products, solutions, services, and data from Pitney Bowes in the areas of customer information management, location intelligence, customer engagement, shipping, mailing, and global ecommerce. With the innovative Pitney Bowes Commerce Cloud, clients can access the broad range of Pitney Bowes' solutions, analytics, and APIs to drive commerce.
About Opus Trust Marketing
Opus Trust, which is an outsourced communications specialist, produces and distributes fast and secure communications, from physical letters and mailing packs to digital messages via e-delivery, SMS, and EDI. Typical documents include letters, statements, invoices, pension documents, share certificates, pay slips, and P60s.
Last Close Stock Review
On Wednesday, October 18, 2017, the stock closed the trading session at $13.72, rising 0.81% from its previous closing price of $13.61. A total volume of 1.83 million shares have exchanged hands, which was higher than the 3-month average volume of 1.77 million shares. Pitney Bowes' stock price advanced 6.11% in the last one month and 4.18% in the past six months. The stock is trading at a PE ratio of 26.80 and has a dividend yield of 5.47%. The stock currently has a market cap of $2.56 billion.
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