EFI Acquires Corrugated Technologies
Electronics For Imaging (EFI) has announced the acquisition of Corrugated Technologies Inc. (CTI), a leading provider of manufacturing execution software for the corrugated packaging market. In recent years, CTI has extended its offering to also include business and management capabilities, creating a leading software offering for sheet feeders, sheet plants, and full corrugated box plants. Headquartered in San Diego, California, privately held CTI brings more than three decades of global experience in the corrugated packaging market. CTI will be merged into the EFI Productivity Software business unit.
While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI’s Q4 or full year 2015 results.
The EFI Enterprise Packaging Productivity Suite provides an end-to-end productivity software offering for the packaging market, with global market leadership in the folding carton, tag and label, and flexible packaging segments. The addition of CTI technology and expertise will further strengthen the EFI software offering for corrugated packaging, helping such companies accelerate their adoption of digital technologies.
“We are thrilled to add the CTI team and technologies to our growing portfolio of industry-leading software solutions for the print and packaging industry,” said Gabriel Matsliach, senior vice president and general manager, EFI Productivity Software. “Our goal is to offer our customers a complete product portfolio that drives their business and production workflows, allowing them to be more efficient and more profitable.”
CTI employees, including co-founders and former principals Gordon Hay and Emma Hay, have joined EFI’s Productivity Software business unit.
“We are very excited to join the EFI family,” said Gordon Hay, president and CEO of CTI. “EFI has a scale and reach that will enable existing and future customers to benefit from our technology for years to come. I look forward to being an active member of this world-class organization and to continuing to help our industry and customers advance and prosper.”
