In April 1920, the Pitney-Bowes Postage Meter Company was formed. The first postage meter was installed in Malta in 1961. In 1920, the two companies merged to create the "Pitney-Bowes Postage Meter Company". A postage meter is only one component of a mailing system. He co-founded the Pitney-Bowes Postage Meter Company in 1920.