Zaventem, Belgium, 03.08.2011 - EFI today announced that it has acquired Prism Group Holdings ("Prism"). Headquartered in Brisbane, Australia, with operations in New Zealand, the United Kingdom and the United States, Prism is the provider of Prism WIN MIS and Prism QTMS automated shop floor management solution, focused on general commercial printers, converters, web printers, mailers, and packaging printers around the world.
"We are dedicated to providing a portfolio of industry leading products allowing customers to choose the right solution for their environment with the consistency of delivery needed for long term success," said Marc Olin, senior VP and GM of EFI's APPS business unit. "Following in the footsteps of PrintStream, Prism is another example of our consolidation strategy."
The addition of Prism's customer base continues to allow EFI an even greater focus on providing the industry's most preferred solutions.
"We continue to actively seek out additional Print ERP/MIS solutions worldwide to consolidate," added Olin. "By concentrating our investment and efforts on Monarch, Radius, Pace and PrintSmith, we can insure that the largest development and support teams in the industry are delivering the best possible solutions to give our clients the best chance to succeed in today's challenging business environment."
EFI intends to continue supporting and developing Prism Win (now "EFI Prism"), but will no longer offer it to new customers. Instead, EFI will offer new clients these four ERP/MIS platforms:
- EFI Monarch - for larger single and multi-plant operations looking for full workflow automation with specialisation in publication, book, direct mail, transactional and large commercial printing operations
- EFI Pace - for mid-market digital, offset, hybrid, wide format and speciality printing operations
- EFI PrintSmith - for on-demand, copy shop and small commercial operations
- EFI Radius - for labels, folding cartons and flexible packaging operations
In addition, EFI intends to continue to support and develop QTMS (now "EFI QTMS") but no longer offer it to new customers. Instead, EFI will offer new clients EFI Auto-Count DMI for automated shop floor data collection and real-time shop floor production visibility and embed the best of QTMS features into the Auto-Count platform.
EFI has historically supported all of its ERP/MIS offerings for many years even after it stopped actively selling them. For example, the PSI, Logic and Covalent software systems are all legacy ERP/MIS applications that EFI continues to support. For Prism clients that wish to move to a new platform, EFI will be offering special incentives to encourage them to transition to one of our four platforms, as well as transition assistance to help make the move as seamless as possible.
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© 2011 Electronics for Imaging
Nothing herein should be construed as a warranty in addition to the express warranty statements provided with EFI products and services. This news release contains forward-looking statements, that are statements other than statements of historical fact including words such as "anticipate", "believe", "estimate", "expect", "consider", "plan" and similar, any statements related to strategies or objectives of management for future operations, products, development, performance, any statements of assumptions or underlying any of the foregoing and any statements in the future tense. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual or future results to differ materially. For further information regarding risks and uncertainties associated with EFI's businesses, please refer to the risk factors section in the Company's SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q. EFI undertakes no obligation to update information contained herein, including forward-looking statements.
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