EFI acquires Corrugated Technologies
By Canadian Packaging staff
General Corrugated Corrugated Technologies Inc. CTI EFI Electronics For Imaging Packaging company acquisitionAcquisition of CTI extends EFI's productivity software suite for the packaging market.
FREMONT, CA—Electronics For Imaging, Inc. (EFI) has acquired Corrugated Technologies Inc. (CTI), a leading provider of manufacturing execution software for the corrugated packaging market that has extended its offering in recent years 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, the privately-held CTI brings more than three decades of global experience in the corrugated packaging market. CTI will be merged into the Electronics For Imaging Productivity Software business unit.
Financial terms of the acquisition were not disclosed.
The EFI Enterprise Packaging Productivity Suite is a leading 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,” says EFI Productivity Software senior vice-president and general manager Gabriel Matsliach. “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.
EFI is a global technology company based in Silicon Valley, and is a global leader in transformation from analog to digital imaging. It has developed breakthrough technologies for the manufacturing of signage, packaging, textiles, ceramic tiles, and personalized documents, with a wide range of printers, inks, digital front ends, and a comprehensive business and production workflow suite that transforms and streamlines the entire production process.
Company information available at www.efi.com.
Image from http://www.thinkstockphotos.ca/
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