Wall Street PR

Pitney Bowes Inc. (NYSE:PBI) Ties Up With India’s NASCOM To Fund Incubators For e-Com Start Up

Boston, MA 04/08/2014 (wallstreetpr) – Pitney Bowes Inc. (NYSE:PBI) which boasts of a continued business operations which can be traced back to the early 1910’s has announced that in its efforts to complete its paradigm transformation as a new age, e commerce and mobile commerce enabling technology major, has decided to bank roll a incubation program which will hand hold and mid wife new e-commerce related ideas emerging from the Indian ecosystem.

Existing mechanism expanded

The program has been launched by Pitney Bowes Inc. (NYSE:PBI) in association with NASCOM, which is a premier association which represents the sprawling IT industry players in India. NASCOM already has in place a start up incubation programme which is one year old and is branded as “10,000 Start Ups”.

Explaining the importance of this move to Pitney Bowes Inc. (NYSE:PBI), its Vice President of Worldwide Engineering Manish Choudhary has been quoted to have said that; “We look forward to working with the smartest and most creative engineers and developers at Indian start-ups with Pitney Bowes Accelerator program. Open-platform collaboration will inspire software development that speeds innovation and foster business growth.”

Pitney moves to engage digital era customers

This move by Pitney Bowes Inc. (NYSE:PBI) to tap into the IT and engineering talent of India comes on the back of the Stamford based firm actively working towards augmenting its technology offerings to meet the current market needs of software solutions which are cloud enabled and come  coupled with mobile commerce and telephony integration.  In its studied move to build out such new offerings as demanded by its customers, the firm had in the recent past entered into tie ups with industry leaders like Twitter and IBM.

Takes the tie up route to expand offerings

It  has arranged with Twitter since December of last year to offer its customers location mapping services, while it has contracted IBM to offer its cloud platform for its own IT set up.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.