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News & Insights

Pitney Bowes’s Sale of its Software Solutions Business to Syncsort

August 26, 2019

On August 26, 2019, Pitney Bowes Inc., a global technology company that provides commerce solutions in the areas of e‑commerce, shipping, mailing, data, and financial services, announced that it has entered into a definitive agreement to sell its Software Solutions business to Syncsort for $700 million in cash. Cravath is representing Pitney Bowes in connection with the transaction.

The Cravath team is led by partner Ting S. Chen and includes associates Joshua Ayal, Jin‑Kyu Baek, DongHwa Kim, P. Purun Cheong and Elena R. Falloon on M&A matters; partner David J. Kappos and associates Miling Y. Harrington, Kathryn‑Ann Stamm and Somi A. Umolu on intellectual property matters; partner Lauren Angelilli and associates Andrew T. Davis and Cecily Xi on tax matters; partner Eric W. Hilfers and associate Aaron J. Feuer on executive compensation and benefits matters; partner Margaret T. Segall and senior attorney Jesse M. Weiss on antitrust matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Falguni Joshi also worked on executive compensation and benefits matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Intellectual Property
  • Tax
  • Executive Compensation and Benefits
  • Antitrust
  • Environmental
  • Antitrust
  • Industrials and Chemicals
  • Technology

People

Photo
Name
Ting S. Chen
Title
Corporate
Title
Partner
Email
tchen@cravath.com
Phone
+1-212-474-1794
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    Education

    • J.D., 2006, Stanford Law School
    • A.B., 2003, Harvard College
      Phi Beta Kappa, summa cum laude

    Admitted In

    • New York
    Photo
    Name
    David J. Kappos
    Title
    Corporate
    Title
    Partner
    Email
    dkappos@cravath.com
    Phone
    +1-212-474-1168
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      Education

      • J.D., 1990, University of California, Berkeley, School of Law
      • B.S., 1983, University of California, Davis
        summa cum laude

      Admitted In

      • New York
      • California
      • District of Columbia
      Name
      Lauren Angelilli
      Title
      Tax
      Title
      Partner
      Email
      langelilli@cravath.com
      Phone
      +1-212-474-1016
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        Education

        • J.D., 2000, Harvard Law School
          cum laude
        • B.S., 1996, The Wharton School of the University of Pennsylvania
          magna cum laude

        Admitted In

        • New York
        Photo
        Name
        Eric W. Hilfers
        Title
        Executive Compensation and Benefits
        Title
        Partner
        Email
        ehilfers@cravath.com
        Phone
        +1-212-474-1352
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          Education

          • J.D., 1998, University of Chicago Law School
            with Honors
          • A.B., 1995, Princeton University

          Admitted In

          • New York
          Photo
          Name
          Margaret T. Segall
          Title
          Litigation
          Title
          Partner
          Email
          msegall@cravath.com
          Phone
          +1-212-474-1231
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            Education

            • J.D., 2008, Harvard Law School
              cum laude
            • A.B., 2003, Harvard College
              magna cum laude

            Admitted In

            • New York
            Photo
            Name
            Jesse M. Weiss
            Title
            Litigation
            Title
            Partner
            Email
            jweiss@cravath.com
            Phone
            +1-212-474-1421
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              Education

              • J.D., 2008, Georgetown University Law Center
                magna cum laude
              • B.A., 2003, University of Maryland

              Admitted In

              • New York
              Photo
              Name
              Matthew Morreale
              Title
              Corporate
              Title
              Partner
              Email
              mmorreale@cravath.com
              Phone
              +1-212-474-1534
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                Education

                • J.D., 1997, Columbia Law School
                  Harlan Fiske Stone Scholar
                • M.S., 1994, University of Pennsylvania
                • B.A., 1990, University of Pennsylvania
                • B.A.S., 1990, University of Pennsylvania

                Admitted In

                • New York
                Photo
                Name
                Brian M. Budnick
                Title
                Corporate
                Title
                Practice Area Attorney
                Email
                bbudnick@cravath.com
                Phone
                +1-212-474-1914
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                  Education

                  • J.D., 2011, Benjamin N. Cardozo School of Law
                    cum laude
                  • B.A., 2006, University of Virginia

                  Admitted In

                  • New York

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