Pitney Bowes

(PBI) - Get Report

today disclosed plans to transfer its transportation management software and some engineering assets to

Vertex Interactive

(VETX)

in exchange for a 4.5% stake in the supply chain software company.

Shares of Pitney Bowes, a maker of office and mailing equipment, lost 8 cents, or 0.2%, to end

New York Stock Exchange

trading at $34.90. Vertex ended the regular

Nasdaq

session at $7.63, down 50 cents on the day.