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Pitney Bowes agrees to buy Ibis Consulting

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Stamford, Conn.—Pitney Bowes announced Tuesday that its Management Services subsidiary has agreed to acquire Ibis Consulting for about $67 million. Providence, R.I.-based Ibis provides electronic discovery, or “eDiscovery,” services to law firms and corporate clients. The deal, which is subject to regulatory approval, is expected to close in the second quarter.

Pitney Bowes said the Ibis technology and services complement those of Compulit, another company in the legal market that Pitney Bowes bought in 2005.

"One of our strategies for growing customer and shareholder value is to leverage our mailstream management expertise in transaction-intensive verticals like the legal market,” said Michael J. Critelli, chairman-CEO of Pitney Bowes, in a statement.

Separately, Pitney Bowes announced Tuesday that it has agreed to offer USADATA mailing lists and sales leads through its direct sales force.

—Carol Krol

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