Electronics For Imaging, Inc. has confirmed that it will be prioritizing technology investments to accelerate growth in its fast-growing industrial EFI™ Inkjet business, as well as in its Fiery® business. As part of this focused strategy, EFI has completed a sale of its eProductivity Softwarepackaging and print productivity software business to an affiliate of Symphony Technology Group. EFI and EPS will continue to collaborate with their joint customers and partners to ensure mutual success.
This realignment allows EFI to accelerate investment into its Inkjet and Fiery business units to capitalize on the growth opportunities available in existing segments the company serves, as well as drive expansion into markets that are beginning the transformation toward digital.
“We have never been more excited about the opportunity in the industrial inkjet markets and our ability to leverage Fiery Digital Front End technology for digital color 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,” said Jeff Jacobson, CEO and Executive Chairman, EFI. “We are making significant investments to continue to be the clear leader in the Packaging & Corrugated, Display Graphics, Textile, and Building Materials/Decor markets.”
He 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. The sale of the software business provides our industrial inkjet and Fiery teams the focus that will best position them for success.”
