Needham & Company Downgrades Borderfree, Inc. (BRDR) to Hold Amid Takeover
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Pitney Bowes Expands Cross-Border Ecommerce Capabilities with the Acquisition of Borderfree
May 5, 2015 4:06 PM EDTAcquisition to Accelerate the Long-term Growth of Pitney Bowes
STAMFORD, Conn.--(BUSINESS WIRE)-- Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides innovative products and solutions to power commerce, today announced that it has signed a definitive agreement to acquire Borderfree (NASDAQ: BRDR), a market leader in global ecommerce solutions. Borderfrees cross-border ecommerce solutions complement and expand Pitney Bowes existing ecommerce capabilities, which help clients grow their businesses internationally by reducing the complexity of cross-border ecommerce.
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