PBBI looks to double sales, venture into other regional markets

- Thursday, February 17, 2011

PBBI looks to double sales, venture into other regional markets

US IT supplier Pitney Bowes Business Insight (PBBI) (NYSE: PBI) intends to double its revenues in Brazil this year, as well as make investments across Latin America, the company announced in a statement.

PBBI will focus its Brazil efforts on the telecommunications and financial services sectors in 2011.

The strength of Brazil's market and potential for local business to adopt innovative solutions motivated PBBI's investment strategy in the country, according to global strategy VP Greg Van den Heuvel.

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Van den Heuvel will visit Brazil next month to discuss PBBI's plans for partnerships, the local integration of recently acquired Portrait Software's marketing and segmentation solutions, virtualization and cloud computing products and services, and local intelligence solutions for the 2014 World Cup and 2016 Summer Olympics.

PBBI is part of Pitney Bowes Inc, a US$5.6bn company that employs 33,000 worldwide and provides software, hardware and services that integrate physical and digital communications channels.