EFI today announced it has acquired privately-held Metrics Sistemas de Informacao ("Metrics"). Metrics is a leader in ERP (MIS) systems for the printing and packaging industries in Latin America. While financial terms of the transaction were not disclosed, the acquisition is not expected to be material to EFI's 2012 results.
"The addition of Metrics's high-caliber team and the extensive customer base they have built in South and Central America combined with EFI's software portfolio will allow us to provide a higher value proposition to customers, along with creating a platform for EFI to introduce our unique digital eco-system to the region," said Guy Gecht, CEO of EFI. "Latin America is a vibrant market with exciting growth opportunities for the entire EFI portfolio ranging from our Fiery® workflow, to our cloud and customer-hosted ERP software, all the way to our industrial inkjet production printers."
Metrics is based in Sao Paulo, Brazil. Over the past 14 years, the company has built a base of more than 250 customers in Brazil and Latin America. Metrics, under the leadership of Osmar Barbosa, co-founder and CEO of Metrics, will become part of EFI's software applications portfolio. EFI intends to integrate support and operation of Metrics into the existing Business Software organization, while continuing to enhance the product offerings.
"Metrics is excited to join the world-class team of EFI employees and become the centerpiece of EFI's strategic focus and investment in Latin America," said Barbosa, who is now general manager of EFI Business Software, Latin America. "Our customers will now have access to an extensive portfolio of industry-leading technology, with more options to grow their businesses, while continuing to receive the same high-level of support and attention they are accustomed to."
Nothing herein should be construed as a warranty in addition to the express warranty statements provided with EFI products and services. This news release contains forward-looking statements, that are statements other than statements of historical fact including words such as "anticipate", "believe", "estimate", "expect", "consider", "plan" and similar, any statements related to strategies or objectives of management for future operations, products, development, performance, any statements of assumptions or underlying any of the foregoing and any statements in the future tense. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual or future results to differ materially. For further information regarding risks and uncertainties associated with EFI's businesses, please refer to the risk factors section in the Company's SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q. EFI undertakes no obligation to update information contained herein, including forward-looking statements.
"The addition of Metrics's high-caliber team and the extensive customer base they have built in South and Central America combined with EFI's software portfolio will allow us to provide a higher value proposition to customers, along with creating a platform for EFI to introduce our unique digital eco-system to the region," said Guy Gecht, CEO of EFI. "Latin America is a vibrant market with exciting growth opportunities for the entire EFI portfolio ranging from our Fiery® workflow, to our cloud and customer-hosted ERP software, all the way to our industrial inkjet production printers."
Metrics is based in Sao Paulo, Brazil. Over the past 14 years, the company has built a base of more than 250 customers in Brazil and Latin America. Metrics, under the leadership of Osmar Barbosa, co-founder and CEO of Metrics, will become part of EFI's software applications portfolio. EFI intends to integrate support and operation of Metrics into the existing Business Software organization, while continuing to enhance the product offerings.
"Metrics is excited to join the world-class team of EFI employees and become the centerpiece of EFI's strategic focus and investment in Latin America," said Barbosa, who is now general manager of EFI Business Software, Latin America. "Our customers will now have access to an extensive portfolio of industry-leading technology, with more options to grow their businesses, while continuing to receive the same high-level of support and attention they are accustomed to."
Nothing herein should be construed as a warranty in addition to the express warranty statements provided with EFI products and services. This news release contains forward-looking statements, that are statements other than statements of historical fact including words such as "anticipate", "believe", "estimate", "expect", "consider", "plan" and similar, any statements related to strategies or objectives of management for future operations, products, development, performance, any statements of assumptions or underlying any of the foregoing and any statements in the future tense. Forward-looking statements are subject to certain risks and uncertainties that could cause our actual or future results to differ materially. For further information regarding risks and uncertainties associated with EFI's businesses, please refer to the risk factors section in the Company's SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q. EFI undertakes no obligation to update information contained herein, including forward-looking statements.
