Printellect, LLC Acquires EFI's Enterprise Print Spend Management Software Business
Pittsburgh, PA – Feb. 13, 2006 – Printellect, LLC has acquired the assets of EFI's (Nasdaq: EFII) print spend management software business, which includes it's Impresse product and Printellect product (formerly EnterpriseSite). EFI is divesting Printellect to focus on its core portfolio of products for enterprise and commercial printers. The balance of EFI's Pittsburgh operations, which relate to development, support and implementation of commercial print software packages, will remain in place.
It is anticipated that all current employees that develop, support and implement these two software packages will transition to Printellect, LLC, which will remain headquartered in Pittsburgh, PA. Printellect, LLC is a new company dedicated to providing print spend management software solutions for corporate print purchasing.
Printellect, LLC's print spend management customers can continue to expect a robust product and superior service under the new ownership. As one of the industry's largest privately held print management firms, Printellect, LLC will continue to enhance the core technology of its existing products as well as expand its product offerings to better serve existing and new customers.
About EFI EFI (www.efi.com) is the world leader in digital controllers, superwide format printers and inks, and print management solutions for commercial and enterprise printing. EFI's award-winning technologies offer end to end, integrated document management tools from creation to print, including high fidelity color Fiery print servers that can output up to 2000 ppm; VUTEk superwide digital inkjet printers and UV and solvent inks capable of printing on flexible and rigid substrates; powerful print production workflow and management information software solutions for increased performance and cost efficiency; and an array of corporate printing solutions. EFI's integrated solutions connect seamlessly, delivering unbeatable performance, cost savings and increased productivity. EFI maintains 22 offices worldwide.
About Printellect, LLC Printellect, LLC is a newly formed print management company dedicated to providing print spend management software and services to its customers. The Printellect principals have extensive print supply chain management experience dedicated to reducing overall printing costs for numerous Fortune 500 customers. The Printellect technology platform expands on current capabilities by enabling a technology-driven competitive and efficient marketplace for every commercial print job with corresponding data collection, analysis, and scorecard reporting.
EFI Public Relations
Katie Maller, 650-357-3032