eProductivity Software becomes an independent company

Erstwhile acquired by Symphony Technology Group (STG) From Electronics for Imaging (EFI)

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eProductivity
eProductivity Software becomes an independent company after being acquired by Symphony Technology Group (STG) from EFI. photo eProductivity software
The Productivity Software Business of Electronics For Imaging (EFI) announced today it has become an independent global software company after being acquired by an affiliate of Symphony Technology Group (STG), a private equity partner to market-leading companies in software, data and analytics.
eProductivity Software (EPS), is a leader of mission critical Enterprise Resource Planning (ERP) and business and production software purposely built to empower the packaging and print industries. STG’s backing will accelerate EPS’ growth as a standalone company through organic and inorganic initiatives to deepen and broaden the company’s capabilities and further enhance its market leading position in the industries it serves.
“This strategic step in becoming an independent company enables us to bring greater value to our customers, as well as the packaging and print industries overall, by extending our collaboration with key industry technology players. We will of course continue to collaborate closely with our friends at EFI. In addition, we will accelerate investments in our technology advancements and modernization, in our level of partnership with customers, and in driving global organic and inorganic growth,” said Gabriel (Gaby) Matsliach, chief executive officer of eProductivity Software.
“Through this process, STG took the time to deeply understand the industries we serve and got excited about our space, customers, and market position. We were impressed by their strong emphasis on growth through innovation and a highly customer centric approach and are looking forward to implementing together that future vision,” Matsliach added.
“We are very impressed with EPS’ portfolio of mission critical products catering specifically to the needs of customers in the packaging and printing industries. We are excited to partner with Gaby and his team, leverage our experience as investors in enterprise software and our historical success in executing carve out transactions, in order to further expand the EPS value proposition to its customers and further accelerate its growth trajectory through technological innovation and a customer centric mindset as a standalone company,” said William Chisholm, managing partner of STG.
EPS has more than 4,000 mid-market and enterprise customers globally, across all key verticals within packaging and print, including folding carton, corrugated packaging, tag and label, flexible packaging, commercial print, publication, mailing, and display graphics, among others.
Paul Hastings LLP acted as legal advisor to STG, Moelis & Company LLC served as the exclusive financial advisor and Sidley Austin LLP was legal advisor to EFI.

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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