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More Details: printCafe Buys Impresse Intellectual Property, Customers

Press release from the issuing company

Pittsburgh, PA (May 16, 2001) -- printCafe, the operating system for print, announced today that it has purchased all of the intellectual property assets formerly owned by Impresse Corporation of Sunnyvale, California. While other details of the agreement were not disclosed, printCafe stated that it did not assume any Impresse obligations or liabilities. "We intend to take all steps required to keep the Impresse systems running in an attempt to limit any disruption of service for former Impresse customers," said Marc Olin, President and co-CEO of printCafe. "We hope to work closely with these companies to manage a smooth transition to the printCafe family." "We are very excited to incorporate Impresse’s technology," said Bill Guttman, co-CEO of printCafe. "By melding the strengths of Impresse with printCafe’s leading technology, we can offer our customers more options and an enhanced print supply chain." printCafe is a leading developer of supply chain software for the printing and publishing industry. The company provides print management systems for commercial printers and also provides custom-branded and configured Web sites for the procurement of print across all facets of the print supply chain including large corporate print procurement organizations, printers, and printers’ smaller print buyers. printCafe’s largest customers include AOL Time Warner (NYSE: AOL), The Hewlett-Packard Company (NYSE: HWP), and Mail-Well (NYSE:MWL). Founded in 1997, Impresse provided business-to-business collaboration and ecommerce services for the creation and procurement of printed marketing materials. The company’s primary markets were corporations, agencies, and agency suppliers. The company’s strategic group of business partners included Adobe, Ariba, Cisco, Commerce One, Oracle, and PeopleSoft. printCafe purchased the Impresse intellectual property assets from Los Angeles-based Sherwood Partners, Inc., a premier business advisory firm in the technology area, the assignee of Impresse’s assets for the benefit of its creditors under California law.