Electronics For Imaging Inc. – EFI –, a manufacturer of digital printing systems, has announced that it has reached an agreement to acquire Radius Solutions, an ERP/MIS software provider focused exclusively on the packaging and printing industry. Terms of the acquisition were not disclosed.
"We are very pleased to add Radius to our growing portfolio of industry-leading software solutions targeted to the print industry," says Marc Olin, senior VP/GM APPS of EFI. "EFI's goal is to offer our customers a complete product portfolio that assists them from job creation to production, while allowing them to be more efficient and effective, and ultimately, more profitable. Radius allows us to bring this concept to the packaging market, which is one of the largest segments of the print market and an area of strategic focus for EFI, joining our Pace and Monarch MIS systems which are targeted to the display graphics and commercial print markets."
Radius Solutions will become part of the Advanced Professional Print Software (APPS) division of EFI. EFI intends to integrate a number of its award winning products, including Fiery, VUTEk, Jetrion, Digital StoreFront, PrintFlow and Auto-Count, with the Radius product line. The Radius acquisition further strengthens EFI's growing product portfolio of software tools, UV Inkjet digital presses and inks, and MIS solutions for the packaging market, which is one of the largest printing markets in the world.
"We are very excited to have Radius Solutions join the EFI family," says David Taylor, president and CEO of Radius Solutions. "Our ERP packaging software fits strategically within EFI's solutions portfolio. Our clients will gain a supplier with a global footprint and the additional resources of a tier one organization. I look forward to managing the Radius product line within their world class organization."
Radius Solutions is headquartered in Chicago, IL, USA. EFI is based in Foster City, CA, USA.