EFI has announced that it has acquired Technique, a provider of MIS/ERP (management information systems and enterprise resource planning) software products for the printing and packaging 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,” says Marc Olin, general manager of EFI’s Productivity Software business unit. “Many customers have benefited from the key technology advantages of the Technique solution, and we intend to continue to develop and support the product for many years into the future. We will also provide Technique customers an integrated workflow with our industry leading Fiery digital front ends 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,” adds 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 from their portfolio, together with the opportunity for more local support.”
EFI provides a comprehensive set of MIS/ERP systems and will look to integrate portions of Technique’s leading capabilities with EFI's Monarch, Pace and Radius Solutions, allowing customers to achieve superior performance and profitability.
“EFI remains committed to the business and to the long-term global market opportunity with this investment,” says Sean Whelan, EFI’s director Productivity Software European operations. “Through our existing global operations, we are able to strengthen and expand the support network for the Technique customers now and for many years into the future.”
Technique consists of privately held Technique Business Systems Limited, a UK company located in Leeds, UK, and Technique, Inc., a Delaware corporation.The Technique management team and employees will join EFI as part of the Productivity Software Business Unit, ensuring the continuity of products and services delivery for Technique customers, and bringing significant domain expertise to EFI. EFI will also be highlighting Technique and its full portfolio at its annual user conference, EFI Connect, which takes place January 15-18, 2013 at Wynn Las Vegas.