The new software business will operate as a standalone company as eProductivity Software, or EPS, and includes the entire productivity software portfolio.
Gaby Matsliach, who led the EFI productivity software division and has now become CEO of the new company, commented: “This strategic step in becoming an independent company enables us to bring greater value to our customers, as well as the packaging and print industries overall, by extending our collaboration with key industry technology players. We will of course continue to collaborate closely with our friends at EFI. In addition, we will accelerate investments in our technology advancements and modernization, in our level of partnership with customers, and in driving global organic and inorganic growth.”
Marc Olin, former founder and CEO of PrintCafe acquired by EFI in 2003, has joined its board as Executive Chairman.
Jeff Jacobson, EFI’s CEO and Executive Chairman, commented: “We are making significant investments to continue to be the clear leader in the Packaging & Corrugated, Display Graphics, Textile, and Building Materials/Decor markets.”
Jacobson added, “The potential of the high-growth industrial inkjet markets is the impetus for us to accelerate our investments in market-leading products and services that drive the analog-to-digital transformation. Industrial inkjet imaging is one of the greatest opportunities I have seen in my 35 years in this industry.”
Talking about the Fiery segment, Jacobson said, “We have never been more excited about the opportunity in the industrial inkjet markets and our ability to leverage Fiery, the leading Digital Front End (DFE) technology for digital colour printing, to continue to drive the analog-to-digital transformation in all high-value segments of imaging – while increasingly serving new adjacencies including e-commerce, direct-to-garment, and other rapidly growing segments.”
With this sale EFI will concentrate on its industrial inkjet business, which is mainly centred around the Nozomi platform for printing corrugated packaging, and the Reggiani textile printing business. EFI has said that it is investing in R&D to strengthen its position in its core markets while entering new categories.
EFI will also leverage its industry-leading expertise in hardware, mechanical control software, high-speed electronics, services, cloud- connected devices, and ink innovations to deliver the next generation of versatile, high-volume, superior-quality printers and presses.
Scott Schinlever, Chief Operating Officer and General Manager, EFI Inkjet said, “The future of print is digital, and this realignment further solidifies EFI’s technology leadership position and accelerates growing our innovation edge as a provider of the world’s leading digital printers for the Packaging & Corrugated, Display Graphics, Textile, and Building Materials/Decor markets”.
“This sets the stage for our customers to continue to produce more in less time, with less labour,at higher quality, with a reduced environmental impact, and will allow us to drive our level of inkjet knowledge and expertise into promising new market applications.”
Toby Weiss, Chief Operating Officer and General Manager of the Fiery business unit commented, “The Fiery portfolio of products incorporates world-class color algorithms, advanced cloud technology, and many other best-in-class proprietary solutions that reduce production time and increase print quality,” said Weiss. “Working in close consultation with our partners, the investments we are making in the future of Fiery technology will foster even stronger solutions – including leading-edge cloud offerings through an EFI IQ™ suite of products that continues to help customers achieve new levels of automation, accuracy and profit potential in digital printing.”
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