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Pitney Bowes provides technology and services for mailing, shipping, and ecommerce. Its offerings span three segments: Global Ecommerce, which handles cross-border and domestic shipping, parcel fulfillment, and returns; Presort Services, which sorts mail to qualify for postal discounts; and SendTech Solutions, which delivers mailing and shipping software and hardware, including postage meters. The company earns money by selling or leasing equipment, selling software and services, and offering financing for customers. Unlike firms that focus on a single piece of the workflow, Pitney Bowes combines hardware, software, and financial services in one ecosystem to streamline how businesses move mail and packages. Its goal is to simplify the complexities of commerce for businesses of all sizes.
Industries
Hardware
Industrial & Manufacturing
Enterprise Software
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Stamford, Connecticut
Founded
1920
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Total Funding
$1.1B
Above
Industry Average
Funded Over
3 Rounds
Hybrid Work Options
Professional Development Budget
IRIS Software Group appoints Surya Sagi as company's first Chief Data and AI Officer. Business · JUL 6, 2026 PR Newswire Sagi will accelerate IRIS' data and AI strategy, delivering faster and smarter insights for customers worldwide. LONDON, July 6, 2026 /PRNewswire/ - IRIS... Sagi will accelerate IRIS' data and AI strategy, delivering faster and smarter insights for customers worldwide. LONDON, July 6, 2026 /PRNewswire/ - IRIS Software Group (IRIS), a leading global software provider of accountancy, payroll, HR, and education solutions, today announced the appointment of Surya Sagi as its first Chief Data and AI Officer, effective immediately. The newly created role reflects IRIS' commitment to helping customers unlock even greater value from their solutions and data, using Artificial Intelligence (AI) to deliver faster insights and better-informed decisions. It also supports the company's next phase of product innovation and global growth. Sagi brings more than 30 years of experience building data and AI platforms, scaling cloud-native SaaS businesses, and leading M&A and platform integration across SMB, enterprise, and regulated environments. His track record of building and scaling platforms has helped customers achieve better outcomes while accelerating growth and strengthening governance. He most recently founded ARKA AI and ARKA Advisors, helping enterprises successfully transition from AI experimentation to governed, outcome-driven implementation. Prior to that, Sagi served as Chief Technology Officer at Pitney Bowes. "AI only matters if it makes a real difference to the people who rely on us. Our customers trust IRIS with the work that must work, and that's what this is about," said Jason Dies, CEO, IRIS Software Group. "Surya has spent his career building data and AI platforms that make that work faster, smarter, and more reliable. His technical depth and proven track record will be instrumental as we accelerate our AI ambitions and continue to turn innovation into real outcomes for customers. His appointment as our first Chief Data and AI Officer marks a defining moment in how we build and deliver for the businesses that count on us." Sagi will oversee IRIS' global enterprise data and AI strategy, including data governance and the company's responsible AI framework. Building on IRIS' existing AI momentum, he will focus on scaling proven capabilities, strengthening responsible practices, delivering measurable business outcomes, and unlocking the highest-impact opportunities across products, managed services transformation, growth and retention. He will also join the company's AI Steering Committee and Business Systems Architecture Review board to help ensure a consistent and strategic approach to AI across the organization. "IRIS is a trusted partner for businesses worldwide, and I am honored to join the team at such a pivotal moment of growth," said Surya Sagi, Chief Data and AI Officer, IRIS Software Group. "AI is creating unprecedented opportunities to improve productivity, strengthen decision-making, and accelerate growth. Success will depend on deploying these capabilities responsibly, governing them effectively, and focusing on measurable business outcomes. I look forward to helping IRIS customers realize that value at scale." About IRIS Software Group Founded in 1978, IRIS Software Group is a global provider of mission-critical, cloud-hosted software solutions and services to more than 100,000 customers across 135 countries. IRIS is a trusted partner to businesses, finance, HR and payroll teams, educational organisations, and accountancy firms of all sizes, providing innovative operational solutions that streamline complex processes, maintain compliance, and unlock growth. Through simplifying, automating and providing insights on everyday mission-critical tasks for organisations of all shapes and sizes, IRIS ensures customers can look forward with certainty and confidence. IRIS is certified as a 2024 Great Place to Work(R) in the UK, Ireland, India, Romania, Canada and the USA. Follow IRIS on Facebook, Twitter, Instagram and LinkedIn. More information on its award-winning software solutions can be found here. Published by News Desk · WeeklyReviewer The WeeklyReviewer news desk monitors breaking developments around the clock - sourcing, verifying, and publishing real-time industry news across business, technology, politics, science, sports, and world affairs. Every story that comes through the Live Wire is reviewed for accuracy before publication, keeping our readers ahead of the curve without the noise.
Pitney Bowes President and CEO Kurt James Wolf sold 200,208 common shares indirectly for approximately $2.2 million at a weighted average price of $11.08 per share, according to an SEC Form 4 filing. The sale represented roughly 2.5% of Wolf's aggregate holdings at the time. All shares were held indirectly through Hestia Capital Partners and separately managed accounts, with no direct shares sold. Following the transaction, Wolf's total holdings fell to 8,009,831 shares, whilst his direct stake remained unchanged. The sale timing coincided with strong share price performance, with Pitney Bowes stock appreciating 42.76% over the prior year. The company, which provides shipping and mailing technology, logistics and financial services, reported revenue of $1.89 billion in the trailing twelve months.
Pitney Bowes reported Q4 revenues of $477.6 million, down 7.5% year on year, missing analysts' expectations by 1.2%. Despite the revenue shortfall, the company beat EPS estimates and delivered a solid beat on full-year EPS guidance. The industrial and environmental services sector showed mixed Q4 results across seven tracked companies. Revenues collectively beat consensus estimates by 1.8%, whilst next quarter's guidance remained in line with expectations. Share prices have held relatively steady, with Pitney Bowes up 2.2% since reporting to $10.47. Pitney Bowes, which processes over 15 billion pieces of mail annually, delivered the weakest performance against analyst estimates amongst its peers. Tetra Tech posted the sector's strongest quarter, with revenues exceeding expectations by 6.4%.
Pitney Bowes reported a return to profitability with $144.70 million in net income for 2025, reversing a $203.60 million loss, whilst issuing $200 million in 7.250% senior unsecured notes due 2029. The company completed a buyback of 37 million shares for $390.77 million, retiring over 21% of shares outstanding. The firm issued 2026 revenue guidance of $1.76 billion to $1.86 billion and filed an omnibus shelf registration. However, investors face ongoing concerns about structural mail decline and leverage risk, particularly given the combination of fresh debt and substantial share repurchases. The moves highlight management's focus on capital returns and balance sheet flexibility, though questions remain about how the company will manage refinancing needs whilst navigating secular headwinds in its core mail business.
Pitney Bowes names president of its bank, four other executive appointments. Longtime digital shipping solutions provider also moves HQ to Shelton. SHELTON - Pitney Bowes Inc. last week appointed Steve Fischer as the new president of The Pitney Bowes Bank effective immediately. Fischer, who brings three decades of experience in the banking and finance worlds, previously held positions that include CEO of TIAA Bank and vice chair of EverBank Financial Corp. Fischer joins at a time when PB Bank is expected to play an important role in the Company's go-forward strategy for profitable growth and nearly two months after the parent company moved its headquarters to Shelton from Stamford. PB Bank enables Pitney Bowes to offer postage payment options and other value-added financing solutions to approximately 400,000 customers. It also holds more than $575 million of low-cost, long-duration deposits that can help drive attractive risk-adjusted returns with the proper infrastructure and processes in place. "As we have been working to rebuild our leadership team over the past eight months, a core focus has been recruiting experienced executives with records of driving profitable growth and value creation at successful organizations," said Kurt Wolf, CEO and board director. "That is exactly what we are getting in Steve (Fischer). He has a strategic vision for establishing the people, processes and plans required to responsibly grow PB Bank." In addition, Pitney Bowes on Feb. 17 announced four new executive appointments: * Benoit Robinot, SVP, head of shipping, oversees a recently consolidated shipping organization within SendTech. He is leading efforts to modernize and scale shipping capabilities by developing software solutions that address customers' most urgent needs. Robinot previously held senior leadership roles at Amazon. * Kevin Collins, senior vice president, SendTech strategy, assumes a newly created role focused on growth, adjacencies and strategic partnerships. He joins after serving as President of ACI Logistix. * Vaishali Patel, vice president, Presort Client Success, is focused on accelerating client acquisition and further elevating the Company's industry-leading service performance. She joins the company from Hill & Smith. * David Cossitt-Levy, vice president, financial planning and analysis, is tasked with strengthening forecasting accuracy and unlocking valuable business insights from the company's extensive data assets. He was most recently held the same title at IQVIA, a company with a market capitalization of more than $28 billion and $15+ billion in annual revenue. "These four appointments are the direct result of us identifying fixable issues and tangible opportunities for value creation during the first phase of our strategic review," Wolf said. "This follows an eight-month period in which I have appointed five new individuals to our seven-member executive team, which has in turn been actively refreshing talent across business segments and corporate functions." As of Jan. 1, 2026, Pitney Bowes has relocated its corporate headquarters from 3001 Summer St. in Stamford to 27 Waterview Drive in Shelton. This move closes a century-long presence in Stamford and is part of a "cultural reset" and cost-cutting strategy aimed at accelerating turnaround efforts.
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Industries
Hardware
Industrial & Manufacturing
Enterprise Software
Financial Services
Company Size
10,001+
Company Stage
IPO
Headquarters
Stamford, Connecticut
Founded
1920
Find jobs on Simplify and start your career today