EFI has bought both Reggiani Macchine and Matan Digital, significantly enhancing its digital printing capabilities. The most significant of these purchases is the Italian company Reggiani Macchine, based in Bergamo, which specializes in inkjet textile printing, thus taking EFI into one of the fastest expanding markets. It will be rebranded as EFI Reggiani. Continue reading “EFI buys into digital textile printing”
EFI has bought yet another MIS company, the Dutch company Dims. This was founded in 1986 and specialised in multi-language, seamlessly integrated MIS/ERP workflow products. Continue reading “EFI acquires Dims MIS”
EFI has launched its latest Fiery front end for cut-sheet digital production systems. Continue reading “New Fiery FS150 Pro DFE announced”
EFI has developed not one but two Fiery digital front ends for the new Xerox Versant 2100 printer. Continue reading “EFI announces two DFEs for new Versant”
EFI has reported the figures for its first quarter of this year, ending March 31, 2014. Continue reading “EFI reports record first quarter”
EFI has acquired SmartLinc, an American company that develops shipping software. This software allows users to select the best carrier for their shipments and can be integrated with other software systems. Thus MIS can automatically submit print jobs to SmartLinc software, which then tracks shipment status, cost and carrier information, and transfers this information back to the MIS to give users a more complete picture of expenses, job delivery and other essential metrics.
As is usually the case with EFI’s acquisitions, the SmartLinc staff have all joined EFI, including co-owners Greg Billinghurst and Scott Kwiatkowski. As a side note, EFI’s CEO Guy Gecht told me last year that such employees were often more valuable to EFI than the companies it bought, pointing out that many of EFI’s senior managers have joined the company following acquisitions.
EFI hasn’t disclosed the terms of the deal but has said that it is not expected to be material to EFI’s Q1 or full-year 2014 results.
EFI has reported record revenue figures for its second quarter of this year. EFI’s revenues for the quarter ended June 30, 2013 were $180.3 million, up 10% compared to second quarter 2012 revenue of $163.9 million. Second quarter 2013 non-GAAP net income was $18.3 million or $0.38 per diluted share, compared to non-GAAP net income of $14.2 million or $0.30 per diluted share for the same period in 2012. GAAP net income was $9.4 million or $0.20 per diluted share, compared to $7.0 million or $0.15 per diluted share for the same period in 2012.
This means that EFI’s revenues for the first half of 2013 were $351.7 million, up 9% year-over-year compared to $324.0 million for the same period in 2012.
Guy Gecht, CEO of EFI, commented: “We could not have been more delighted with the record results the EFI team delivered in the second quarter as our product innovation continues to drive demand across our three segments”.