NEWS – For Immediate Release
FREMONT, California -- October 21, 2013 -- EFI™ (Nasdaq: EFII), a world leader in customer-focused digital printing innovation, is marking the 10-year anniversary of its acquisition of Printcafe, a leading provider of MIS/ERP solutions for printing operations. This acquisition represented the birth of “the new EFI,” paving the way for the company to evolve by becoming more focused on the growth areas of the industry while helping customers transform their own businesses.
At the time of the acquisition on October 21, 2003, CEO Guy Gecht stated, “Adding Printcafe technology and services to EFI’s current portfolio helps further our vision of providing a complete, end-to-end professional printing workflow.”
“By adding Printcafe, and its expertise and customer relationships, we were able to kick-start the transformation of our business,” Gecht said today. “Ten years later, EFI is a leading global provider of digital imaging across multiple industries. The ‘new EFI’ that was born with the Printcafe acquisition embodies the spirit of innovation and transformation that continues to grow stronger over time.”
The technologies and services EFI began offering with the Printcafe acquisition helped EFI offer more value to customers through leading-edge products and support, combined with a robust user community network.
"We have maintained a great relationship with EFI since becoming a customer through the Printcafe acquisition in 2003, and it has been incredible to watch the significant impact that the company has made and continues to make in our ever-evolving industry," said long-time customer David Pilcher Sr., owner and president of Freeport Press in Freeport, Ohio. "Our company has gone through successful transformations of our own and experienced significant growth over the years, and EFI has been with us every step of the way. We look forward to many more years of partnership with the EFI team."
Prior to the Printcafe acquisition, EFI had annual revenues of $416 million. The company is expecting approximately $720 million in revenues for 2013, an increase of more than 70% over the last decade.
For more information about EFI, visit www.efi.com or contact 800-875-7117.
About EFI
EFI™ (www.efi.com) is a worldwide provider of products, technology and services leading the transformation of analog to digital imaging. Based in Silicon Valley, with offices around the globe, the company's powerful integrated product portfolio includes digital front-end servers; superwide, wide-format, label and ceramic inkjet presses and inks; production workflow, web to print, and business automation software; and office, enterprise and mobile cloud solutions. These products allow users to produce, communicate and share information in an easy and effective way, and enable businesses to increase their profits, productivity, and efficiency. Follow EFI Online: Follow us on Twitter: @EFI_Print_Tech Find us on Facebook: www.facebook.com/EFI.Digital.Print.Technology View us on YouTube: www.youtube.com/EFIDigitalPrintTech
NOTE TO EDITORS: The EFI logo is a registered trademark of Electronics For Imaging, Inc. in the U.S. and/or certain other countries. EFI is a trademark of Electronics For Imaging, Inc. in the U.S. 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. This news release contains forward-looking statements, that are statements other than statements of historical fact including words such as “anticipate”, “believe”, “estimate”, “expect”, “consider”, “plan” and similar, any statements related to strategies or objectives of management for future operations, products, development, performance, any statements of assumptions or underlying any of the foregoing and any statements in the future tense. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual or future results to differ materially. For further information regarding risks and uncertainties associated with EFI’s businesses, please refer to the risk factors section in the Company’s SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q. EFI undertakes no obligation to update information contained herein, including forward-looking statements.
Media Contact: David Lindsay PR Manager 404-931-7760 david.lindsay@efi.com