FREMONT, Calif., Jan. 5, 2022 (GLOBE NEWSWIRE) – Electronics For Imaging, Inc. announces that it will prioritize technology investments to accelerate the growth of its rapidly growing EFI ™ inkjet industrial business to continue to dominate the industry in the analog-to-digital transition, as well as in its market leader Fiery® Business. As part of this focused strategy, EFI completed the sale of its packaging and print productivity software business eProductivity Software (“EPS”) to a subsidiary of Symphony Technology Group (“STG”). EFI and EPS will continue to work with their common customers and partners to ensure mutual success.
This realignment allows EFI to accelerate investments in its Inkjet and Fiery business units in order to capitalize on the growth opportunities available in the existing segments served by the company, as well as drive expansion into markets that are beginning the transformation to digital.
“We have never been so excited about the opportunity presented by the industrial inkjet markets and our ability to leverage Fiery, the leading digital front-end technology (DFE) for digital color printing, to continue. to drive analog-to-digital transformation in all value segments of imagery – while increasingly serving new adjacencies including e-commerce, direct-to-clothing sales and other rapidly growing segments, ”said said Jeff Jacobson, CEO and Executive Chairman of EFI. “We are making significant investments to continue to be the undisputed market leader in packaging and corrugated cardboard, display graphics, textiles and building / decor materials. “
“The potential of high-growth industrial inkjet markets prompts us to accelerate our investments in market-leading products and services that drive analog-to-digital transformation. Industrial inkjet imaging is one of the greatest opportunities I have seen in my 35 years in this industry, ”added Jacobson. “Selling the software business provides our Industrial Inkjet and Fiery teams with the direction that will best position them for success. “
Industrial inkjet: seizing an unprecedented opportunity
The industrial inkjet space abounds with opportunities in existing and adjacent verticals. EFI Inkjet will continue to strengthen its leadership in high-volume, shuttle, and once-pass inkjet technology, which the company has currently implemented into award-winning, high-performance products for packaging and corrugated cardboard, display graphics, textiles and building materials. / Vertical decor. EFI will also leverage its leading expertise in hardware, mechanical control software, high-speed electronics, services, cloud-connected devices and ink innovations to deliver the next generation of technology. high-volume, high-quality, versatile printers and presses.
Following the realignment, EFI is investing in R&D to strengthen its position in key markets while entering new categories, including the development of technologies to meet new applications for the textile space and for packaging.
“The future of printing is digital, and this realignment further strengthens EFI’s position as a technology leader and accelerates the growth of our innovation advantage as a supplier to the world’s leading digital printers for the markets of packaging and corrugated cardboard, display graphics, textiles and building / decor materials. Said Scott Schinlever, COO and Managing Director of EFI Inkjet. “This paves the way for our customers to continue producing more in less time, with less labor, with higher quality, with reduced environmental impact, and will allow us to orient our level of knowledge and development. inkjet expertise towards promising new applications on the market. “
Fiery: driving innovation and growth in digital printing
The Fiery business unit, under the continued leadership of Fiery COO and General Manager Toby Weiss, remains the world’s leading DFE supplier, enabling the high performance required in many verticals, including packaging, signage and commercial printing with advanced Fiery solutions generating printers and final presses from many major equipment manufacturers.
“The Fiery product portfolio incorporates world-class color algorithms, advanced cloud technology and many other first-class proprietary solutions that reduce production time and improve print quality,” said Weiss. “By working closely with our partners, our investments in the future of Fiery technology will drive even stronger solutions, including cutting-edge cloud offerings through an EFI IQ ™ product suite that continues to help customers to reach new levels of automation. , precision and profit potential in digital printing.
Productivity software: investing for growth under new ownership
EPS’s new owner, STG, is a leading private equity firm focused on investing in software, data analytics and software-based technology services companies, and will help EPS deliver increased value to its packaging and printing customers and accelerate global growth. STG completed this acquisition on December 30, 2021. The price and terms of the transaction were not disclosed.
Moelis & Company LLC acted as exclusive financial advisor and Sidley Austin LLP as legal advisor to EFI in connection with the sale of EPS. Paul Hastings LLP acted as legal counsel to STG.
EFI’s next Connect User Conference will be a joint event for EFI and EPS customers. Executives from both companies will highlight their technology improvements and product roadmap strategies at the gathering Jan. 17-21 in Las Vegas.
About EFI
EFI ™ is a global technology company, based in Silicon Valley, leading the global transformation from analog to digital imaging. We are passionate about our customers’ success with products that increase competitiveness and boost productivity. To do this, we develop disruptive technologies for the manufacture of signage, packaging, textiles, ceramic tiles, building materials and personalized documents, with a wide range of printers, inks and digital front-ends. (www.efi.com)
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NOTE TO EDITORS: The EFI logo and Fiery are registered trademarks of Electronics For Imaging, Inc. in the United States and / or certain other countries. EFI and IQ are trademarks of Electronics For Imaging, Inc. in the United States and / or certain other countries. All other terms and product names may be trademarks or registered trademarks of their respective owners and are hereby acknowledged.
Nothing herein should be construed as a warranty in addition to the express warranty statements provided with EFI products and services.
Contact:
David Lindsay, EFI
+1 404 931 7760
david.lindsay@efi.com
