With the acquisition, Syncsort will run a data management software operation serving more than 11,000 customers and hundreds of resellers globally.
"Now is the time to explore a broad range of strategic alternatives that may have the potential to further unlock shareholder value,” says President and CEO Marc B. Lautenbach.
Newgistics is a provider of parcel delivery, returns, fulfillment and digital commerce solutions for retailers and e-commerce brands.
“We are off to a good start," said Chairman and CEO Marc B. Lautenbach.
The Stamford company expects to finish the year at a loss.
Former Big Blue executive Marc B. Lautenbach has been appointed president and CEO of Pitney Bowes Inc., replacing Murray D. Martin, the Stamford company announced Dec. 3.