Pitney Bowes acquires Singapore-based PaaS provider CrescoData

Pitney Bowes, a US-based shipping and mailing company, has acquired CrescoData, a Singapore-based Platform-as-a-Service (PaaS) provider in the commerce space, in a move to expand its shipping portfolio.

The financial terms of the deal were not revealed.

CrescoData through its Commerce Connect Platform is said to offer integration to more than 85 commerce channels via a single API. It is designed to facilitate mapping as well as automation of stock, product, and order data between the platforms.

Anna Trybocka — founder of CrescoData said: “Our team is delighted to be joining Pitney Bowes. This integration not only expands the offerings for Pitney Bowes, but allows us to pursue new clients backed by the strength of a trusted company with a long history of innovating.

“To be part of a company squarely focused on the shipping opportunity and providing value for its clients creates exciting opportunities for growth.”

Pitney Bowes said that the investment boosts its product offerings for mid-high volume e-commerce shippers. Besides, it is said to fast track the go-to-market strategy of Pitney Bowes Enterprise Shipping and Locker for the retail and pharmacy sectors.

Jason Dies — Pitney Bowes Senior Vice President and President of Sending Technology Solutions said: “Shipping is a significant growth area for Pitney Bowes as our Shipping Index predicts volumes will double in the next five years. CrescoData’s state-of-the-art technology is a perfect complement to our SendPro shipping portfolio.

“Integrating CrescoData into the Pitney Bowes family allows us to better serve our clients with broader offerings and enhances our end-to-end solution capabilities.”