Tennant & Russell Matches EFI with Technique
Monday, December 10, 2012
Press release from the issuing company
Jacksonville, FL - Tennant & Russell, LLC, a consulting company specializing in strategic moves for software companies within the printing industry, announced this morning the acquisition of Technique, its client, by Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation.
Technique is a provider of MIS/ERP (management information systems and enterprise resource planning) software products for the publication, commercial and direct marketing print industries. While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI's 2012 results.
"We were very pleased to be working with another solid company like Technique", said Tennant & Russell, President, James McCarthy. "The acquisition process can be very involved, time consuming and complicated, and we were delighted that we could help move the process very quickly from offer to closure. Paul and his team were a pleasure to work with. They have a strong company and will be a great addition to the EFI team."
"We are excited to have Technique join the EFI family and our expanding portfolio of business automation technologies. We welcome their strong customer install base in more than 20 countries and 4 continents, to our own large global client base," said Marc Olin, general manager of EFI's Productivity Software business unit. "We will also provide Technique customers an integrated workflow with our industry leading Fiery digital front end and Inkjet portfolio including VUTEk, Jetrion and wide format devices."
"Technique is thrilled about the opportunity to join EFI, which is becoming the clear leader and even larger provider in productivity software for printing companies worldwide," said Technique's CEO, Paul Cooper. "The world of print is changing quickly and being part of the EFI family gives our customers instant access to wider solutions from their portfolio, together with the opportunity for more local support."
Technique products will become part of EFI's Productivity Software portfolio. EFI intends to integrate support and operations of Technique into the existing Productivity Software organization and to continue to support the existing Technique client base.
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