EFI completes sale of eProductivity Software (EPS) business

EFI and EPS will continue to collaborate with their joint customers

EFI completes sale of eProductivity Software (EPS) business
Jeff Jacobson, chief executive officer and executive chairman at EFI Photo: Jeff Jacobson

Electronics For Imaging (EFI) will be prioritizing technology investments to accelerate growth in its fast-growing industrial EFI inkjet business to continue to lead the industry in the analog-to-digital transition, as well as in its market-leading Fiery business. 

As part of this focused strategy, EFI has completed a sale of its eProductivity Software (EPS) packaging and print productivity software business to an affiliate of Symphony Technology Group (STG). EFI and EPS will continue collaborating with their joint customers and partners to ensure mutual success. 

“We have never been more excited about the opportunity in the industrial inkjet markets and our ability to leverage Fiery, the leading Digital Front End (DFE) 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 eCommerce, direct-to-garment, and other rapidly growing segments,” said Jeff Jacobson, EFI’s chief executive officer and executive chairman. “We are making significant investments to continue to be the clear leader in the packaging and corrugated, display graphics, textile, and building materials or decor markets.” 

EFI Industrial Inkjet – Capturing Unprecedented Opportunity

The industrial inkjet space is ripe with opportunities in existing and adjacent vertical markets. EFI inkjet will continue to drive its leadership in high-volume, shuttle, and single-pass inkjet technology, which the company has currently implemented in award-winning, high-performance products for the packaging and corrugated display graphics, textile, and building materials/decor verticals.

EFI said it would also leverage its industry-leading expertise in hardware, mechanical control software, high-speed electronics, services, cloud-connected devices, and ink innovations to deliver the next generation of versatile, high-volume, superior-quality printers and presses. 

Following the realignment, EFI is making investments in R&D to strengthen its position in core markets while entering new categories, including developing technologies to address new applications for the textile space and packaging. 

Fiery – Driving Digital Print Innovation and Growth

The Fiery business unit, under the continued leadership of Fiery chief operating officer and general manager Toby Weiss, remains as the world’s premier DFE provider across many vertical markets, including packaging, signage, and commercial print with advanced Fiery solutions driving high-end printers and presses from many major equipment manufacturers.

“The Fiery portfolio of products incorporates world-class color algorithms, advanced cloud technology, and many other best-in-class proprietary solutions that reduce production time and increase print quality,” said Weiss. “Working in close consultation with our partners, the investments we are making in the future of Fiery technology will foster even stronger solutions, including leading-edge cloud offerings through an EFI IQ suite of products that continues to help customers achieve new levels of automation, accuracy, and profit potential in digital printing.”

Productivity Software – Investing for Growth under New Ownership

EPS’ new owner, STG, is a leading private equity firm that focuses on investing in software, data analytics, and software-enabled technology services companies and will support EPS to deliver enhanced value to its packaging and print customers and accelerate global growth. STG completed this acquisition on 30 December 2021. The price and terms of the deal were not disclosed.

EFI’s upcoming Connect users conference will be a joint event for EFI and EPS customers. Leaders from both companies will highlight their technology enhancements and product roadmap strategies during the 17-21 January in Las Vegas gathering.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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