FOSTER CITY, Calif., Dec. 6, 2011 (GLOBE NEWSWIRE) -- Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced that it has acquired privately-held alphagraph team GmbH ("Alphagraph "). Alphagraph, with headquarters in Essen, Germany, is a provider of MIS/ERP (management information systems and enterprise resource planning) software products for the printing industry, including Prinance, Printy and Primus. While financial terms of the acquisition were not disclosed, the acquisition is not expected to be material to EFI's 2011 results.
"We are very pleased to have Alphagraph join the EFI family and our expanding portfolio of business automation technologies. We welcome their over 6,000 customer strong install base in Germany, Switzerland, Austria and throughout the rest of the world to our large global client base," said Marc Olin, GM of EFI's Software Applications ("APPS") business unit.
"Alphagraph is very enthusiastic about the opportunity to join EFI, as they have demonstrated that they are the clear leader in business process automation software for printing companies," said Norbert Hotze, Founder of Alphagraph. "It is a natural fit for our client base and we look forward to introducing them to EFI's overall support structure and portfolio of solutions."
Alphagraph will become part of EFI's Software Applications (APPS) portfolio. EFI intends to integrate support and operations of Alphagraph into the existing APPS organization, which will continue to sell the EFI PrintSmith, EFI Pace, EFI Monarch and EFI Radius software products to the industry while continuing to support the existing Alphagraph client base.
Alphagraph products are currently used in over 6,000 facilities in 15 countries.
About EFI
EFI (www.efi.com) is a world leader in customer-focused digital printing innovation. EFI's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The company's robust product portfolio includes Fiery digital color print servers; VUTEk superwide digital inkjet printers, UV and solvent inks; Rastek UV wide-format inkjet printers; Jetrion industrial inkjet printing systems; print production workflow and business process automation software; and corporate printing solutions.
The Electronics For Imaging, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7332
Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release that could be deemed forward-looking statements include, but are not necessarily limited to, statements regarding the impact of the acquisition on EFI's 2011 results; integration of Alphagraph; and any statements or assumptions underlying any of the foregoing.
Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially, or cause a material adverse impact on our results. Potential risks and uncertainties include, but are not necessarily limited to, unforeseen expenses; the difficulty of aligning expense levels with revenue; management's ability to forecast revenues, expenses and earnings; any world-wide financial and economic difficulties and downturns; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax legislative proposals; volatility in foreign exchange rates; the unpredictability of development schedules and commercialization of our OEM partners' products and declines or delays in demand for our related products; changes in the mix of products sold; the uncertainty of market acceptance of new product introductions; intense competition in each of our businesses, including competition from products developed by EFI's customers; challenge of managing asset levels, including inventory and variations in inventory levels; the uncertainty of continued success in technological advances; the challenges of obtaining timely, efficient and quality product manufacturing and components supplying; litigation involving intellectual property rights or other related matters; our ability to successfully integrate acquired businesses; and any other risk factors that may be included from time to time in the Company's SEC reports.
The statements in this press release are made as of the date of this press release. EFI undertakes no obligation to update information contained in this press release. For further information regarding risks and uncertainties associated with EFI's businesses, please refer to the sections entitled "Risk Factors," "Factors That Could Adversely Affect Performance," and other similar sections in our SEC filings and reports, including, but not limited to, EFI's annual report on Form 10-K and its quarterly reports on Form 10-Q, copies of which may be obtained by contacting EFI's Investor Relations Department by phone at 650-357-3828 or by email at investor.relations@efi.com or EFI's Investor Relations website at http://www.efi.com.
NOTE TO EDITORS: The EFI logo, Fiery, VUTEk, and Jetrion are registered trademarks of Electronics For Imaging, Inc. in the U.S. and/or certain other countries. EFI, Monarch, Pace, Printsmith, Radius, and Rastek are trademarks of Electronics For Imaging, Inc. in the U.S. and/or certain other countries. Prinance is a product development of alphagraph team GmbH and is a registered trademark of Heidelberger Druckmaschinen AG in Germany and/or certain other countries. All other terms and product names may be trademarks or registered trademarks of their respective owners, and are hereby acknowledged.