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printCafe Shares More Details About Impresse Deal

Press release from the issuing company

5/24/01 (WhatTheyThink.com) As announced last week, printCafe has purchased the intellectual property of Impresse. Marc Olin, printCafe's Co-CEO, shared additional insight with WhatTheyThink.com including the future of Impresse's involvement in PrintTalk. Key points not previously disclosed include: printCafe will continue to host the Impresse service with a hosting partner in California for a while, but eventually will move all property to printCafe's Pittsburgh office. Olin would not disclose the amount paid for Impresse's intellectual property. "While terms are not being disclosed, this acquisition does not significantly affect printCafe's cash position. We believe this transaction is highly valuable to printCafe because it strengthens our market position and ability to offer the very best technology and service to our customers." Previously, sources had indicated that Impresse was still supporting key accounts up until the printCafe purchase. However, Olin said that was not the case. "When Impresse closed their doors, all of their support employees were let go. We are working with former customers in an attempt to provide support for the site when issues arise." Olin said printCafe anticipates working with former Impresse employees to facilitate the "knowledge transfer as required." Regarding the Marketing Resource Management path that Impresse had initiated, Olin said it is too early to tell if they will continue that focus. Olin said even though Impresse was a member of PrintTalk, printCafe has no plans to join the group. "At this point, we have no plans to join PrintTalk. The acquisition of Impresse's intellectual property does not change our approach to industry standards. printCafe continues to support the effort to develop unified standards across the industry for the benefit of the entire print supply chain. We plan to continue to contribute to these initiatives through our active role in CIP4 and the GCA."