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April 11, 2012

For Immediate Release
Tennant & Russell Matches EFI & Metrics

Jacksonville, FL) -  Tennant & Russell, LLC, a consulting company specializing in strategic moves for software companies within the printing industry, announced this morning the acquisition of Metrics Sistemas de Informação, Servicos e Comercio LTDA (Metrics), its client, by Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation.  Metrics is a market leader in Latin America as a provider of ERP/MIS software focused on the printing industry. Financial terms of the acquisition were not disclosed.  

"We were very pleased to be working with another solid company like Metrics", said Tennant & Russell, President James McCarthy. "The acquisition process can be very involved, time consuming and complicated, and we were delighted that we could help move the process very quickly from offer to closure."
“Metrics has been extremely successful in Latin America, and as with our other acquisitions, we examined all of the competitors in the region and determined that Metrics was by far the best company,” said Marc Olin, senior VP of APPS and general manager of EFI. “They offer the strongest customer base in South and Central America, and have enabled EFI to establish a software group in the region. EFI is very committed to this business and to being the market leader in all regions of the world. With this investment we will continue to build upon the strength of our Americas organization and now offer Spanish and Portuguese implementation and support services for the EFI software portfolio.”

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 (APPS) portfolio.

"The Metrics team and I are very excited about joining EFI, the leader in ERP/MIS," added Osmar Barbosa, CEO of Metrics. "We look forward to sharing our expertise to enhance the EFI stable of products and grow their business in Latin America."

About EFI:
(www.efi.com) is a world leader in customer-focused digital printing innovation. EFI's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The company's robust product portfolio includes Fiery digital color print servers; VUTEk superwide digital inkjet printers, UV and solvent inks; Rastek UV wide-format inkjet printers; Jetrion industrial inkjet printing systems; print production workflow and management information software; and corporate printing solutions.

About Tennant & Russell:
Tennant & Russell, LLC is a consulting firm specializing in strategic moves for small to mid range companies. A large portion of their clients are in the software industry. They work with organizations to determine and leverage their greatest strengths to take advantage of strategic opportunities in the marketplace. Client coverage stretches outside the US to Europe, Australia, and South America.
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