Company Continues to Expand Internationally with Acquisition of
Australian-based Software and Data Provider in High-Growth Natural
Resources Industry
Sydney, Australia—December 17, 2007—Pitney Bowes MapInfo, a company within the software division of Pitney Bowes Inc, and the global leading provider of location intelligence, today announces the acquisition of Encom Technology, a leading innovator and major supplier of specialist software, data and services to the global mineral exploration and petroleum industries.
Encom's products enable explorers to identify, locate and evaluate natural resources quickly and cost-effectively. The company has approximately 50 employees and serves more than 1,000 organizations worldwide both directly and via its global network of more than 60 partners. Customers include BHP Billiton, Rio Tinto, Anglo American, AngloGold Ashanti and De Beers.
Encom has been a natural resources strategic partner of Pitney Bowes MapInfo for more than ten years. This acquisition will provide Pitney Bowes with new technologies in the mineral and petroleum exploration sector that include advanced multi-dimensional analytical tools, surface generation, 3D visualisation, geophysical modelling and advanced multi-dimensional data integration. In addition, Encom's Compass Enterprise range provides advanced metadata cataloguing, data management and visual spatial data discovery.
"International expansion is a paramount priority for Pitney Bowes MapInfo and Asia-Pacific is an extremely important growth region. This acquisition enables us to expand operations in Australia and other parts of Asia, as well as provide the company with exciting technology and services that empower our customers all over the world to make the best geoscience and location intelligence decisions," said John O'Hara, executive vice president, International, Pitney Bowes MapInfo.
"As a long-standing partner of Pitney Bowes MapInfo, we are very familiar with its technology and today’s news represents a natural extension of our relationship The global presence of Pitney Bowes and their expansion into new markets will enable Encom to accelerate its product growth and increase the level of local time-zone support across its complete range of products and services." said Dave Pratt, co-founder and managing director of Encom. "We look forward to working with Pitney Bowes MapInfo to make this a seamless transition for our employees and customers."
About Pitney Bowes MapInfo
Pitney Bowes MapInfo, part of Pitney Bowes Inc. (NYSE:PBI), is the leading global provider of location intelligence solutions, integrating software, data and services to provide greater value from location-based information and drive more insightful decisions for businesses and government organizations around the world. The company's solutions are available in multiple languages through a network of strategic partners and distribution channels in 60 countries. Visit www.mapinfo.com and www.pb.com for more information.
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