Alicornio Africa, formerly Sagent Southern Africa, is expecting "exponential growth" as a result of Pitney Bowes` recent acquisition of Group 1 Software.
Pitney Bowes announced in April that it was acquiring Group 1 for $23 a share, which net of cash on the Group 1 balance sheet, would cost it about $321 million.
Pitney Bowes is a $4.6 billion provider of integrated mail and document management solutions, while Group 1 provides software to enhance mailing efficiency, data quality and customer communications.
"There are potentially massive spin-offs for Alicornio resulting from the acquisition and Pitney Bowes`s global growth strategies," says Susan Andre, MD of Alicornio Africa, the local representative of Group 1`s products - Doc 1 and Sagent Solution.
Pitney Bowes says Group 1 will continue to operate under its own name although it will become a wholly owned subsidiary within its Global Enterprise Solutions division.
Alicornio has exclusive distribution rights to Sagent Solution and recently introduced Doc 1 into its portfolio.
Andre says the company`s position in the local market is strengthened not only through its distribution rights, but also through its association with Pitney Bowes.
Share