FOSTER CITY, Calif., June 3, 2013 (GLOBE NEWSWIRE) -- Electronics For Imaging, Inc. (Nasdaq:EFII), a world leader in customer-focused digital printing innovation, today announced it has acquired privately-held GamSys Software ("GamSys"). GamSys is a leader in ERP (MIS) systems for the printing and packaging industries in the French speaking areas of Europe and Africa. While financial terms of the transaction were not disclosed, the acquisition is not expected to be material to EFI's Q2 or 2013 full-year results.
"We are very pleased to have GamSys join the EFI family and our continually expanding portfolio of industry-leading business automation technologies. We look forward to continuing the high-level of support for their over 400 customers in France, Belgium, Switzerland and throughout the rest of the world have come to expect as they join our large global client base," said Marc Olin, SVP/GM of EFI Productivity Software ("EPS") business unit.
GamSys, based in La Reid, Belgium, has built a base of over 400 customers in Europe over the past 14 years under the leadership of Patrick Vreven, co-founder and CEO. With EFI's acquisition, GamSys will become part of EFI's existing software applications portfolio. EFI intends to integrate support and operation of GamSys into the existing Productivity Software organization, while continuing to enhance the product's offerings. EFI GamSys clients will also be able to take advantage of integration to EFI's award winning Fiery® digital front end driving print engines from Xerox, Ricoh, Canon, Konica Minolta as well as EFI VUTEk® superwide format inkjet printers.
"GamSys is excited to join the world-class team of EFI employees and be a part of EFI's strategic focus and investment in Europe," said Vreven who is now director of EFI GamSys. "As our market continues to evolve, our customers will now have access to an extensive portfolio of industry-leading technology, with more options to grow their business, while continuing to receive the same high-level of support and attention they are accustomed to."
EFI (www.efi.com) is a world leader in customer-focused digital printing innovation. EFI's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. EFI's robust product portfolio includes Fiery digital color print servers; VUTEk superwide digital inkjet printers, UV and solvent inks; Rastek UV wide-format inkjet printers; Jetrion industrial inkjet printing systems; print production workflow and management information software; and corporate printing solutions.
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Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release that could be deemed forward-looking statements include, but are not necessarily limited to, statements regarding the expected impact of the acquisition on EFI's Q2 or 2013 full year results; EFI's integration of GamSys; EFI's goals regarding its customer offerings; and any statements or assumptions underlying any of the foregoing.
Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially, or cause a material adverse impact on our results. Potential risks and uncertainties include, but are not necessarily limited to, unforeseen expenses; the difficulty of aligning expense levels with revenue; management's ability to forecast revenues, expenses and earnings; any world-wide financial and economic difficulties and downturns; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax legislative proposals; the unpredictability of development schedules and commercialization of our OEM partners' products and declines or delays in demand for our related products; changes in the mix of products sold; the uncertainty of market acceptance of new product introductions; intense competition in each of our businesses, including competition from products developed by EFI's customers; challenge of managing asset levels, including inventory and variations in inventory levels; the uncertainty of continued success in technological advances; the challenges of obtaining timely, efficient and quality product manufacturing and components supplying; litigation involving intellectual property rights or other related matters; our ability to successfully integrate acquired businesses; the uncertainty regarding the amount and timing of future share repurchases by EFI and the origin of funds used for such repurchases; the market prices of EFI's common stock prior to, during and after the share repurchases; any disruptions in our operations, the difficulty to retain employees, and additional expenses that we may incur as a result of our relocation from the Foster City campus; the compliance with the new requirements regarding the "conflict minerals," if they are found to be used in our products; and any other risk factors that may be included from time to time in the Company's SEC reports.
The statements in this press release are made as of the date of this press release. EFI undertakes no obligation to update information contained in this press release. For further information regarding risks and uncertainties associated with EFI's businesses, please refer to the section entitled "Risk Factors" 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, copies of which may be obtained by contacting EFI's Investor Relations Department by phone at 650-357-3828 or by email at email@example.com or EFI's Investor Relations website at www.efi.com.
NOTE TO EDITORS: The EFI logo, Fiery and VUTEk are registered trademarks of Electronics For Imaging, Inc. in the U.S. and/or certain other countries. EFI is a trademark of Electronics For Imaging, Inc. in the U.S. and/or certain other countries. All other terms and product names may be trademarks or registered trademarks of their respective owners, and are hereby acknowledged.
CONTACT: Vincent Pilette Chief Financial Officer, EFI Phone (603) 357-3500 firstname.lastname@example.org Holly O'Rourke Director Corporate Communications, EFI Phone (603) 475-9244 email@example.com JoAnn Horne Market Street Partners Phone (415) 445-3235
Source:Electronics For Imaging, Inc.