PresseBox
Press release BoxID: 556215 (EFI Germany)
  • EFI Germany
  • Kaiserswerther Str. 115
  • 40880 Ratingen
  • http://www.efi.com

EFI Acquires Technique, Strengthens Global Print MIS Leadership

(PresseBox) (Foster City, Calif., ) EFI(TM) (Nasdaq: EFII), a world leader in customer-focused digital printing innovation, today announced that it has acquired Technique. Technique is a provider of MIS/ERP (management information systems and enterprise resource planning) software products for the printing and packaging industries. While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI's 2012 results.

"We are excited to have Technique join the EFI family and our expanding portfolio of business automation technologies," said Marc Olin, general manager of EFI's Productivity Software business unit. "Many customers have benefited from the key technology advantages of the Technique solution, and we intend to continue to develop and support the product for many years into the future. We will also provide Technique customers an integrated workflow with our industry leading Fiery® digital front ends and Inkjet portfolio including VUTEk®, Jetrion® and wide format devices."

"Technique is thrilled about the opportunity to join EFI, which is becoming the clear leader and even larger provider in productivity software for printing companies worldwide," said Technique's CEO, Paul Cooper. "The world of print is changing quickly and being part of the EFI family gives our customers instant access to wider solutions from their portfolio, together with the opportunity for more local support."

EFI provides a comprehensive set of MIS/ERP solutions and will look to integrate portions of Technique's leading capabilities with EFI's Monarch(TM) , Pace(TM) and Radius Solutions, allowing customers to achieve superior performance and profitability.

"EFI remains committed to the business and to the long-term global market opportunity with this investment," said Sean Whelan, EFI's director Productivity Software European operations. "Through our existing global operations, we are able to strengthen and expand the support network for the Technique customers now and for many years into the future."

Technique consists of privately held Technique Business Systems Limited, a UK company located in Leeds, UK, and Technique, Inc., a Delaware corporation. More information about the company, its award-winning products and clients can be found at: www.technique-mis.com

The Technique management team and employees will join EFI as part of the Productivity Software Business Unit, ensuring the continuity of products and services delivery for Technique customers, and bringing significant domain expertise to EFI. EFI will also be highlighting Technique and its full portfolio at its annual user conference, EFI Connect, which takes place 15-18 January 2013 at Wynn Las Vegas. More information about Connect can be found at information is at www.efi.com/connect.

"Connect offers our entire customer base an opportunity to meet the extended EFI team, join the user community and explore possibilities with EFI," added Olin. "There is a hands-on solution centre, a variety of class room sessions and some great general sessions. We'll also discuss the long-term plans regarding EFI Technique suite. "

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.

EFI Germany

EFI(TM) (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.