The company spun-off Capital Services in 2005 to New York private-equity group Cerberus Capital Management. Pitney Bowes acquired multiple companies in 2006, including Emtex and its output management software for $41 million, and the Providence, Rhode Island-based company Ibis Consulting, Inc., which provides electronic discovery services, for nearly $67 million. The company also acquired Advertising Audit Service, PMH Caramanning, and the Bellevue, Washington-based company Print Inc., which provides print management solutions.
