EFI buys into digital textile printing

3rd July 2015

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 buys SmartLinc

17th January 2014

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 reports record revenues

22nd July 2013

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”.