EXHIBIT 21
PITNEY BOWES INC.
SUBSIDIARIES OF REGISTRANT
The Registrant, Pitney Bowes Inc., a Delaware Corporation, has no parent
The following ore subsidiaries of the Registrant
(as of December 31, 2012)
| Subsidiary Name | Country or state of incorporation |
| Adrema Leasing Corporation | Delaware |
| AIT Quest Trustee Ltd | UK |
| Alternative Mail & Parcel Investments Limited | UK |
| Andean Enterprises, Inc. | Panama |
| B. Williams Funding Corp. | Delaware |
| B. Williams Holding Corp. | Delaware |
| Canadian Office Services (Toronto) Limited | Canada |
| Digital Cement Co. | Canada |
| Digital Cement Inc. | Delaware |
| Elmcroft Road Realty Corporation | Connecticut |
| Emtex Limited | UK |
| Emtex Software, Inc. | Canada |
| Encom Europe Limited | UK |
| Factor Humano y Cadena de Personal | Mexico |
| FSL Holdings Inc. | Connecticut |
| FSL Risk Managers Inc. | New York |
| Group 1 Software China Ltd. | Hong Kong |
| Harvey Company, L.L.C | Delaware |
| Historic Boardwalk Hall, L.L.C. | Delaware |
| Horizon Management AB | Sweden |
| Horizon Scandinavia AB | Sweden |
| Ibis Consulting, Inc. | Rhode Island |
| Imagitas Security Corporation | Massachusetts |
| Imagitas, Inc. | Delaware |
| Mag Systèmes SAS | France |
| MapInfo Realty LLC | New York |
| PB Australia Funding Pty. Limited | Australia |
| PB Equipment Management Inc. | Delaware |
| PB European UK LLC | Delaware |
| PB Forms, Inc. | Nebraska |
| PB Historic Renovation LLC | Delaware |
| PB Miles Inc. | Delaware |
| PB Nova Scotia Holdings II ULC | Canada |
| PB Nova Scotia Holdings ULC | Canada |
| PB Nova Scotia V ULC | Canada |
| PB Nova Scotia VI ULC | Canada |
| PB Nova Scotia II ULC | Canada |
| PB Nova Scotia LP | Delaware |
| PB Partnership Financing Inc. | Delaware |
| PB Professional Services Inc. | Delaware |
| PBDorm Ireland Limited | Ireland |
| Pitney Bowes Asterion Direct SAS | France |
| Pitney Bowes (Asia Pacific) Pte. Ltd | Singapore |
| Pitney Bowes (Dormant) Pte Ltd. | Singapore |
| Pitney Bowes (Malaysia) Sdn Bhd | Malaysia |
| Pitney Bowes (Singapore) Pte Ltd. | Singapore |
| Pitney Bowes (Switzerland) AG | Switzerland |
| Pitney Bowes (Thailand) Limited | Thailand |
| Pitney Bowes Asterion SAS | France |
| Pitney Bowes Australia FAS Pty. Limited | Australia |
| Pitney Bowes Australia Pty Limited | Australia |
| Pitney Bowes Austria Ges.m.b.H | Austria |
| Pitney Bowes Batsumi Enterprise (Pty) Ltd. | South Africa |
| Pitney Bowes Belgium NV | Belgium |
| Pitney Bowes Canada LP | Canada |
| Pitney Bowes China Inc. | Delaware |
| Pitney Bowes Credit Australia Limited | Australia |
| Pitney Bowes Cross Border Services, Inc | Delaware |
| Pitney Bowes Danmark A/S (formerly Haro Systemer AS) | Denmark |
| Pitney Bowes de Mexico, S.A. de C.V. | Mexico |
| Pitney Bowes Deutschland GmbH | Germany |
| Pitney Bowes Document Messaging Technologies Limited (formerly Bell & Howell Limited) | UK |
| Pitney Bowes Espana, S.A. | Spain |
| Pitney Bowes Europe Limited | UK |
| Pitney Bowes Finance Ireland Limited | Ireland |
| Pitney Bowes Finance Limited (formerly Pitney Bowes Finance plc) | UK |
| Pitney Bowes Global Financial Services LLC | Delaware |
| Pitney Bowes Global Limited | UK |
| Pitney Bowes Global LLC | Delaware |
| Pitney Bowes Government Solutions, Inc. | Delaware |
| Pitney Bowes Holdco Limited | UK |
| Pitney Bowes Holding SNC | France |
| Pitney Bowes Holdings B.V. | Netherlands |
| Pitney Bowes Holdings Denmark ApS | Denmark |
| Pitney Bowes Holdings Limited | UK |
| Pitney Bowes Hong Kong Limited | Hong Kong |
| Pitney Bowes India Inc. | Delaware |
| Pitney Bowes India Private Limited | India |
| Pitney Bowes International Funding | Ireland |
| Pitney Bowes International Holdings, Inc. | Delaware |
| Pitney Bowes International Mail Services Limited | UK |
| Pitney Bowes Ireland Limited | Ireland |
| Pitney Bowes Italia S.r.l. | Italy |
| Pitney Bowes Japan KK | Japan |
| Pitney Bowes Korea Ltd. | Korea |
| Pitney Bowes Limited | UK |
| Pitney Bowes Luxembourg Holding II S.a.r.l. | Luxembourg |
| Pitney Bowes Luxembourg Holding S.a.r.l. | Luxembourg |
| Pitney Bowes Luxembourg SARL | Luxembourg |
| Pitney Bowes Mail and Messaging Systems (Shanghai) Co., Ltd. | Shanghai |
| Pitney Bowes Management Services Belgium, NV | Belgium |
| Pitney Bowes Management Services Canada, Inc Services de Gestion Pitney Bowes Canada, Inc. | Canada |
| Pitney Bowes Management Services Denmark, A/S | Denmark |
| Pitney Bowes Management Services Deutschland GmbH | Germany |
| Pitney Bowes Management Services Italia S.r.l. | Italy |
| Pitney Bowes Management Services Limited | UK |
| Pitney Bowes Management Services Netherlands, B.V. | Netherlands |
| Pitney Bowes Management Services Norway A.S. | Norway |
| Pitney Bowes Management Services Sweden AB | Sweden |
| Pitney Bowes Management Services, Inc. | Delaware |
| Pitney Bowes MapInfo Business Applications Limited (formerly Southbank Systems Limited) | UK |
| Pitney Bowes MapInfo GDC Limited (formerly Graphical Data Capture Limited) | UK |
| Pitney Bowes MapInfo Scotland Limited (formerly Moleseye Limited) | UK |
| Pitney Bowes Middle East FZ-LLC | Dubai |
| Pitney Bowes Netherlands B.V. | Netherlands |
| Pitney Bowes New Zealand Limited | New Zealand |
| Pitney Bowes Norge AS | Norway |
| Pitney Bowes Nova Scotia ULC | Canada |
| Pitney Bowes of Canada Ltd. - Pitney Bowes du Canada Ltee | Canada |
| Pitney Bowes Oy | Finland |
| Pitney Bowes Polska Sp. z.o.o. | Poland |
| Pitney Bowes Portugal Sociedade Unipessoal, Lda. | Portugal |
| Pitney Bowes Presort Services, Inc. (formerly PSI Group, Inc.) | Delaware |
| Pitney Bowes Properties Inc. | Connecticut |
| Pitney Bowes Puerto Rico, Inc. | Puerto Rico |
| Pitney Bowes SA (Pty) Ltd. | South Africa |
| Pitney Bowes SAS | France |
| Pitney Bowes Semco Equipamentos E Servicos Ltda | Brazil |
| Pitney Bowes Servicios, S.A. de C.V. | Mexico |
| Pitney Bowes Shelton Realty Inc. | Connecticut |
| Pitney Bowes Software (Beijing) Ltd | China |
| Pitney Bowes Software Canada Inc. | Canada |
| Pitney Bowes Software GmbH | Germany |
| Pitney Bowes Software Europe Limited | UK |
| Pitney Bowes Software Europe Holdco Limited | UK |
| Pitney Bowes Software Holdings Limited | UK |
| Pitney Bowes Software Inc. | Delaware |
| Pitney Bowes Software India Private Limited | India |
| Pitney Bowes Software K. K. | Japan |
| Pitney Bowes Software Latin America Inc. | Delaware |
| Pitney Bowes Software Limited | UK |
| Pitney Bowes Software Private Limited | India |
| Pitney Bowes Software Pte Ltd | Singapore |
| Pitney Bowes Software Pty Ltd | Australia |
| Pitney Bowes Software SAS | France |
| Pitney Bowes Svenska Aktiebolag | Sweden |
| Pitney Bowes UK LP | UK |
| PitneyWorks.com Inc. | Delaware |
| PitneyWorks.com L.L.C. | Delaware |
| Portrait International, Inc. | Ohio |
| Portrait Million Handshakes AS | Norway |
| Portrait Software International Ltd. | UK |
| Portrait Software Limited (formally Portrait Software plc) | UK |
| Portrait Software UK Ltd | UK |
| Print, Inc. | Washington |
| PrintValue Solutions, Inc. | Arizona |
| Quadstone Paramics Ltd | Scotland |
| Quadstone Trustee Company Ltd | Scotland |
| Services Integrations Group, L.P. | Delaware |
| SIG-GP, L.L.C. | Delaware |
| Technopli SARL | France |
| The Pitney Bowes Bank, Inc. | Utah |
| Volly LLC | Delaware |
| Wheeler Insurance, Ltd. | Vermont |