EFI Acquires Technique
EFI (NASDAQ: EFII) 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 publication, commercial and direct marketing print 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. We welcome their strong customer install base in more than 20 countries and 4 continents, to our own large global client base," said Marc Olin, general manager of EFI's Productivity Software business unit. "We will also provide Technique customers an integrated workflow with our industry leading Fiery® digital front end 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