Pitney Bowes Agrees to Acquire Alysis Technologies
Pitney Bowes Inc. said yesterday that it has agreed to acquire Alysis Technologies Inc., an e-billing software provider, for $24 million in cash.For more than two years, Pitney Bowes Document Messaging Technologies --which offers professional services and software solutions for Internet billing, statement presentment and payment applications -- has deployed the Alysis WorkOut server, which allows companies to streamline billing, payment processing, dispute management, work flow and data analysis technology.
This architecture is designed for business-to-business and e-commerce applications and offers integration and handling of high volumes of data. It also will drive use of Pitney Bowes' professional services and related products.
In the next several days, Pitney Bowes, Stamford, CT, will make a tender offer at a value of $1.39 per share for the outstanding common shares of Alysis, Emeryville, CA. The companies anticipate that the transaction will be completed by mid- to late April.
"The contemplated acquisition of Alysis is directly in line with our mission to support our customers' mission-critical mail and document management processes," said Michael J. Critelli, chairman/CEO of Pitney Bowes.
Customers of both companies include the Post Office of the United Kingdom, Aetna Insurance, Detroit Edison, Wisconsin Energy, United Illuminating, the state of Oregon and Jersey Post.
