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TheStreet Open House

EFI Moves To Accelerate Growth In Europe

Stock quotes in this article: EFII

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."

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