Pitney Bowes to sell software solutions unit to Syncsort for $700 million

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E-commerce solutions firm Pitney Bowes Inc (PBI.N) said on Monday it would sell its software solutions business to enterprise software company Syncsort for $700 million in an all-cash deal.

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

Reporting by Neha Malara in Bengaluru; Editing by Shinjini Ganguli

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