STAMFORD, Conn., April 24 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI) today announced the successful completion of the acquisition of Ibis Consulting, Inc. for approximately $67 million. Ibis is a leading provider of electronic discovery (eDiscovery) services to law firms and corporate clients. As a wholly owned subsidiary of Pitney Bowes Management Services, Ibis will operate under substantially the same management as it does now within the company's legal solutions vertical.

The completion of this acquisition is good news for customers and shareholders, according to Michael J. Critelli, Chairman and CEO of Pitney Bowes. "By combining Ibis Consulting's complementary offerings with those of Compulit we can now provide channel partners, law firms and corporate legal departments one of the most comprehensive portfolios of litigation support services in the industry. Our shareholders stand to benefit as we continue to diversify and strengthen our presence in fast growing segments of the mailstream and expand our capability to manage both hard copy and electronic documents."

Ibis Consulting generated approximately $23 million in revenue in its last fiscal year by providing eDiscovery services and solutions for independent resellers, law firms, corporations and other partners involved in large-scale litigation, white-collar criminal defense, and mergers and acquisitions. It is headquartered in Providence, Rhode Island and employs approximately 100 people.

Pitney Bowes provides the world's most comprehensive suite of mailstream software, hardware, services and solutions to help companies manage their flow of mail, documents and packages to improve communication. Pitney Bowes, with $5.5 billion in annual revenue, takes an all-inclusive view of its customers' operations, helping organizations of all sizes enjoy the competitive advantage that comes from an optimized mailstream. The company's 86 years of technological leadership have produced many major mailstream innovations, and it is consistently on the Intellectual Property Owners Association's list of top U.S. patent holders. With approximately 34,000 employees worldwide, Pitney Bowes serves more than 2 million businesses through direct and dealer operations. More information about the company can be found at http://www.pb.com . More information regarding Ibis Consulting can be found at http://www.Ibisconsulting.com .

Certain information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are inherently uncertain and involve risks. Consequently, actual results may differ materially from those indicated by the forward-looking statements. These statements may be identified by their use of forward-looking terminology such as the words "expects," "anticipates," "intends" and other similar words. Such forward-looking statements include, but are not limited to, statements about growth strategies, market expansion, etc. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to: negative developments in economic conditions, including adverse impacts on customer demand, timely development and acceptance of new products or gaining product approval; successful entry into new markets; changes in interest rates; and changes in postal regulations, as more fully outlined in the company's 2005 Form 10-K Annual Report filed with the Securities and Exchange Commission. In addition, the forward-looking statements are subject to change based on the timing and specific terms of any announced acquisitions. The forward-looking statements contained in this news release are made as of the date hereof and we do not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

SOURCE  Pitney Bowes Inc.
    -0-                             04/24/2006
    /CONTACT:  Sheryl Y. Battles, VP, Corporate Communications,
+1-203-351-6808, or Charles F. McBride, VP, Investor Relations,
+1-203-351-6349, both of Pitney Bowes Inc./
    /Web site:  http://www.pb.com
                http://www.Ibisconsulting.com /
    (PBI)

CO:  Pitney Bowes Inc.; Ibis Consulting
ST:  Connecticut, Rhode Island
IN:  CPR STW
SU:  TNM

BR
-- NYM248 --
4096 04/24/2006 15:39 EDT http://www.prnewswire.com