Pitney Bowes to divests its software solutions business to Syncsort for $700 million

The deal is expected to close by the end of 2019.

In an all-cash deal, Pitney Bowes Inc, an e-commerce solutions firm stated, it would sell its software solutions business to Syncsort, an enterprise software company, for $700 million

The deal is expected to close before the end of 2019.

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