Deluxe Acquires PSPrint’s Assets
ST. PAUL, MN—July 28, 2011—Deluxe Corp. announced that it has acquired the net operating assets of PSPrint LLC, an Oakland, CA-based provider of online printing services, including custom graphic design, direct mailing list creation and direct mail fulfillment.
“The PSPrint acquisition accelerates our web-to-print growth efforts and aligns with a key focus area of our strategy, growing our service offerings to small businesses,” said Malcolm McRoberts, senior vice president, small business services at Deluxe. “This is a great opportunity for us to leverage our recent investments in the Web-to-print space with the established systems and processes at PSPrint. The result will be a best-in-class workflow technology for small businesses, including PSPrint’s loyal and established customer base. Web-to-print is a growing market segment and a natural extension for our products and services.”
Deluxe purchased PSPrint for $45 million in cash. The acquisition is expected to generate an incremental $15 million in revenue for the remainder of 2011 and be neutral to Diluted EPS after including transaction costs and acquisition-related amortization expense.
About Deluxe Corp.
Deluxe is a growth engine for small businesses and financial institutions. Four million small business customers access Deluxe’s wide range of products and services including customized checks and forms as well as web-site development and hosting, search engine marketing, logo design and business networking. For financial institutions, Deluxe offers industry-leading programs in checks, customer acquisition, regulatory compliance, fraud prevention and profitability. Deluxe is also a leading printer of checks and accessories sold directly to consumers. For more information, visit us at www.deluxe.com.