Market Overview

EFI Acquires SmartLinc; Terms Not Disclosed

EFI (NASDAQ: EFII) today announced that it has acquired shipping software developer SmartLinc Inc.

Based in Milwaukee, SmartLinc Inc. makes software that optimizes the shipping process by allowing users to select the best carrier for their shipments. The software also allows for automated integration with other software systems. Print MIS/ERP products can automatically submit print jobs to SmartLinc software, which then tracks shipment status, cost and carrier information, and transfers this information back to the MIS/ERP system so users can have a more complete picture of expenses, job delivery and other essential metrics.

While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI's Q1 or full-year 2014 results. SmartLinc employees, including former SmartLinc co-owners Greg Billinghurst and Scott Kwiatkowski, have joined EFI.

"EFI and SmartLinc have many joint customers who will benefit from further, streamlined integration between their MIS/ERP and shipping systems," said Marc Olin, EFI's chief operating officer.

"EFI is the undisputed leader in printing workflow, and the products and service EFI offers reflect its passion for customer success," said Robert Silberman, former President and co-owner of SmartLinc. "SmartLinc users will benefit tremendously from EFI driving enhancements to our proven shipping software platform."

Posted-In: News M&A

 

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