Xerox to Acquire XMPie
XMPie’s award-winning image personalization software, called uImageTM, helps marketers extend the capabilities of personalization by including personal messages in documents such as magazine covers, direct mailers, children’s books, calendars and travel brochures. Personal information can be embedded within photos and into designs on windows, street signs, clothing, buildings, automobiles and other objects.
XMPie will maintain its brand name and function as a standalone software unit, continuing to serve the entire graphic arts market and supporting current customers and business partners as well as Xerox. Jacob Aizikowitz will head up the unit, reporting directly to Burns. Aizikowitz is a founder of XMPie and has served as its chairman and chief technology officer since April 2005.
Founded in 2000 and funded by Jerusalem Venture Partners, XMPie is a global operation with about 60 employees. XMPie will keep the company’s headquarters in New York and its research and development facility in Netanya, Israel. The vast majority of XMPie employees are expected to join Xerox.
Xerox’s all-cash purchase of XMPie is expected to close in the next 30 days, subject to receipt of regulatory approvals and customary closing conditions.
Through its acquisition strategy, Xerox is identifying successful companies in niche markets that align with Xerox’s commitment to innovation, personalized service, and document management offerings. XMPie is Xerox’s second acquisition this year. In July, Xerox acquired Amici LLC, a leading provider of electronic-discovery services, primarily supporting litigation and regulatory compliance.
For more information: www.xerox.com/customercommunications