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NEWS RELEASEAugust 3, 2011For Immediate Release (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 Prism Group Holdings, its client, by Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation. Prism is a provider of WIN ERP/MIS software as well as QTMS shop-floor 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 Prism", 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." "Prism has a sophisticated and talented team that will do well going forward with EFI", McCarthy went on to say. The WIN and QTMS software products will become part of EFI's Advanced Professional Print Software portfolio. "We are very pleased to bring Prism into our growing customer community and combine our world-class offerings to the market," said Marc Olin, GM of EFI's Advanced Professional Print Software division ("APPS"). He continued, "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." Prism has many years of experience having developed Management Information System (MIS) software and shop-floor management tools for the printing and graphic arts industries. Prism has offices around the world in Europe, South America, Australia, New Zealand, and the US. Prism's customers range from small printing businesses through large multi-site enterprises involved in all aspects of printing, packaging, and mailing. "The Prism team and I are very excited about joining EFI, the leader in ERP/MIS," added Filip Buyse, CEO of Prism. "We look forward to sharing our expertise to enhance the EFI portfolio of products." About EFI: 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. # # # Back to Transactions Page |
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