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.