EFI Acquires Streamline Development and PrintStream Software
FOSTER CITY, CA—Feb. 17, 2011—Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation, announced that it has acquired Streamline Development, LLC. Streamline is the provider of PrintStream ERP/MIS software focused on mailing and fulfillment services for the printing industry. Financial terms of the acquisition were not disclosed.
“We are very pleased to bring PrintStream into our growing customer community and combine our world-class offerings to the market,” said Marc Olin, general manaer of EFI’s Advanced Professional Print Software division ("APPS"). “EFI’s goal is to better serve the industry by expanding our customer offerings and portfolio. We want to continue to offer our customers a complete product portfolio that seamlessly executes job creation to production, allowing them to be more efficient and effective, and ultimately, more profitable.”
PrintStream software will become part of EFI’s Advanced Professional Print Software portfolio. EFI intends to integrate key PrintStream features and technologies supporting mailing and fulfillment into its core ERP/MIS platforms, including EFI Pace, EFI Monarch and EFI Radius while continuing to support the existing PrintStream client base.
“The PrintStream team and I are very excited about joining EFI, the leader in ERP/MIS,” added Laurence Snyder CEO of Streamline. “We look forward to sharing our expertise in the areas of mailing and fulfillment requirements to enhance EFI products.”
The addition of Streamline’s customer base and core technology of PrintStream, will allow EFI an even greater focus on providing the industry’s most preferred solutions.
“While PrintStream is the first product we have acquired as part of our new consolidation strategy, we will be actively seeking out additional Print ERP/MIS solutions world-wide to consolidate.” added Olin. “By concentrating our investment and efforts on Monarch, Radius, Pace and PrintSmith, we can insure that the largest development and support teams in the industry are delivering the best possible solutions to give our clients the best chance to succeed in today’s challenging business environment.”