printCafe: Marathon First Year Sets Pace for Growth
Press release from the issuing company
New York, NY (March 1, 2001) – printCafe celebrates its first anniversary this week at the On Demand Digital Printing & Publishing Conference in New York City. printCafe’s first year of operation is notable for a long line of successes including strategic acquisitions, new customers, new product releases, and distinguished recognition by the print, publishing, and B2B markets.
Printing is one of the largest areas of indirect corporate spending. Forrester Research estimates that Global 1000 companies purchase $110 billion of printed materials annually in the United States and $240 billion globally. The National Association of Print Leadership estimates that 30 percent of the dollars spent on print in the United States are wasted due to process inefficiencies that result in mistakes, reworks, and rush charges.
“Print procurement is now widely recognized as one of the largest indirect costs of operating a business, large or small,” said Bill Guttman, co-CEO of printCafe. “The popularity of our products and the confidence of the investment community in providing printCafe with over $115 million in funding this year indicates a growing demand for a simpler, more cost-efficient way of procuring print.”
Following its creation, printCafe acquired the print industry’s leading print management software companies including AHP, Hagen Systems, Logic Associates, Programmed Solutions, and PrintSmith. The result has been the creation of a one-stop-shop providing a seamless, integrated workflow for the entire print management process including job specifications, automated estimating, order entry, scheduling, tracking, shipping, and invoicing.
First Year Highlights:
Feb – printCafe Systems created in partnership with CreoScitex
Feb 7 – signs first ecommerce customer, the Sheridan Group
Feb-May – completes acquisitions of AHP, Hagen Systems, Logic Associates, Programmed Solutions, and PrintSmith
Apr 3 – announces branded buyer site for AOL Time Warner
Apr 19 – announces selection by the Hewlett-Packard Company for their commercial print procurement and fulfillment
May 19 – signs Mail-Well, the largest commercial printer in North America, to a multi-year subscription agreement
May 19 – signs deal with Conde Nast-UK
May 19 – introduces printCafe PCX, the integration framework for communicating with printCafe branded Web sites. (On Aug. 7, printCafe announced that it had incorporated the International Cooperation for the Integration of Processes in Prepress, Press and Postpress (CIP4) job definition format [JDF] into PCX.)
Jun 4 – draws more than 1,100 attendees to the first printCafe Users Conference in Las Vegas
July – Forbes Magazine names printCafe to “Best of the Web” list for 2000
Aug 3 – unveils ERP upgrades including printCafe PSI 11.0, printCafe Hagen OA 6.0; and printCafe Logic 18.06
Aug 17 – announces the signing of Australia’s largest commercial printer, PMP Communications, to a multi-year contract
Aug 30 – signs new customer Kelmscott Communications
Sept 25 – printCafe offers print procurement through the Ariba® B2B Commerce Platform™ as a certified Ariba Ready supplier
Dec 1 - companies participating in printCafe’s ecommerce solution reach 430 in six months
Jan 17 – A.T. Kearney selects printCafe as the integrated e-commerce print procurement system for a new Supply Market Solution aimed at Fortune 500 print buyers
Feb – High Volume Printing magazine names printCafe second most requested product behind Heidelberg’s Digital Printing System
Feb 22 – Maury Imprimeur, one of France’s largest printers, signs deal
Feb 26 – printCafe announces new sales hires and plans to integrate Siebel Systems in support of expanded sales and customer service strategy
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