EFI Focuses Investment Strategy With Sale Of Software/Print Business Fremont, California based Electronics For Imaging, Inc. (EFI) has confirmed that it will be prioritizing technology in- vestments to accelerate growth in its fast-growing industri- al EFI™ Inkjet business, as well as in its Fiery® business. As part of this focused strategy, EFI has completed a sale of its eProductivity Softwarepackaging and print productivity software business to an affiliate of Symphony Technology Group. EFI and EPS will continue to collaborate with their joint customers and partners to ensure mutual success. This realignment allows EFI to accelerate investment into its Inkjet and Fiery business units to capitalize on the growth opportunities available in existing segments the company serves, as well as drive expansion into markets that are beginning the transformation toward digital. “We have never been more excited about the opportu- nity in the industrial inkjet markets and our ability to lever- age Fiery Digital Front End technology for digital color printing, to continue to drive the analog-to-digital trans- formation in all high-value segments of imaging – while increasingly serving new adjacencies including e-com- merce, and other rapidly growing segments,” said Jeff Ja- cobson, CEO and Executive Chairman, EFI. “We are mak- ing significant investments in the Packaging & Corrugated, Display Graphics, and Building Materials/Decor markets.”
“The potential of the high-growth industrial inkjet mar- kets is the impetus for us to accelerate our investments in market-leading products and services that drive the an- alog-to-digital transformation. Industrial inkjet imaging is one of the greatest opportunities I have seen in my 35 years in this industry. The sale of the software business provides our industrial inkjet and Fiery teams the focus that will best position them for success.”
NYS Agency To Help Fund Cascades Biofuel Project
A Cascades Containerboard packaging plant in Niagara Falls, New York, has received a grant of more than $2 mil- lion from the New York State Energy Research and Devel- opment Authority (NYSERDA). The grant will pay most of the cost of a project to refine the gases generated by the plant’s wastewater treatment process so those gases can be burned as fuel to help power the plant. A state spokesman said that work performed under the NYSERDA grant is separate and distinct from the DEC’s ongoing enforcement and is not designed to address odor problems at the facility. “It’s something completely differ- ent. It’s not related to the odors, that’s clear,” Cascades spokesman Hugo D’Amours said. “The idea of this project is to improve the quality of bio-gas so we can burn it as an alternative to natural gas.”
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January 17, 2022
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