Xerox Corporation (NYSE:XRX) and Electronics For Imaging (EFI)
(Nasdaq:EFII) today announced a strategic partnership to bring to
market a next generation digital front end (DFE) to drive Xerox
digital production presses. The agreement includes the sale of
Xerox’s FreeFlow® Print Server (FFPS) DFE business to EFI. Under
the terms of the deal, EFI will continue to produce and support
FFPS so current customers do not experience interruptions in sales
or service.
“Customers will gain a powerful solution with more efficiencies,
performance and quality to meet the most demanding production
requirements,” said Andrew Copley, president, Graphic
Communications Solutions, Xerox. “EFI is an industry leader and has
a proven track record with performance, ease of use and seamless
integration with industry workflow solutions.”
Xerox’s expertise and unique functionality from FFPS will be
integrated with EFI’s best-of-breed Fiery® product, giving
customers a market-leading offering. Customers will benefit from
EFI sales and technical field resources working side-by-side with
their Xerox sales reps to offer a best-in-class solution.
“This next step in our strategic alliance will give customers
the industry’s highest performing DFE with unparalleled imaging and
color management,” said Guy Gecht, CEO of EFI. “EFI integration
among the DFE, workflow software, and management information
systems products deliver the higher levels of automation and
productivity that are key to print businesses taking full advantage
of the opportunities with digital printing.”
Xerox and EFI have established a long-standing partnership. Most
recently, Xerox collaborated with EFI to develop a new print
server, the Xerox IJ Print Server powered by Fiery, to drive the
Xerox Trivor™ 2400 Inkjet Press. The DFE handles a range of data
streams, while enabling integration, comprehensive color management
and seamless integration with customer workflows.
The next generation DFE coming from this partnership will be
integrated with EFI’s market-leading Productivity Suites, which
include management information systems such as PACE, PrintSmith
Vision, Monarch, and Radius ERP. Additionally, the DFE will
integrate with Xerox FreeFlow Core and XMPie® workflows as well as
industry-leading third-party prepress solutions such as Agfa
Apogee, Heidelberg Prinect, and Kodak Prinergy. The Fiery DFE,
which is the industry’s only JDF certified DFE, will also offer a
modern API to allow customers to easily develop integration to any
customized applications.
The agreement is for FFPS only and does not impact the Xerox
workflow solutions that carry a FreeFlow sub-brand name (FreeFlow
Core, FreeFlow VI Suite, FreeFlow Makeready and FreeFlow Digital
Publisher). The workflow solutions will remain independent key
planks for Xerox customers’ workflow strategy.
“This acquisition by EFI is beneficial to both parties. EFI
gains important intellectual property as well as the flexibility to
integrate it tightly with its own Fiery assets,” said Jim Hamilton,
group director, InfoTrends, a division of Keypoint Intelligence.
“For Xerox the move transfers the development and support of FFPS
to an acknowledged market leader. The move strengthens an already
strong relationship and opens up new possibilities for future
offerings.”
Terms of the transaction were not disclosed.
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About Xerox
Xerox Corporation is an $11 billion technology leader that
innovates the way the world communicates, connects and works. Our
expertise is more important than ever as customers of all sizes
look to improve productivity, maximize profitability and increase
satisfaction. We do this for small and mid-size businesses,
large enterprises, governments, graphic communications providers,
and for our partners who serve them.
We understand what’s at the heart of work – and all of the forms
it can take. We embrace the increasingly complex world of paper and
digital. Office and mobile. Personal and social. Every day across
the globe – in more than 160 countries – our technology, software
and people successfully navigate those intersections. We automate,
personalize, package, analyze and secure information to keep our
customers moving at an accelerated pace. For more information,
visit www.xerox.com.
About EFI
EFI™ is a global technology company, based in Silicon Valley,
and is leading the worldwide transformation from analog to digital
imaging. We are passionate about fueling customer success with
products that increase competitiveness and boost productivity. To
do that, we develop 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.
(www.efi.com)
Forward-Looking Statements
This release contains “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995. The words
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,”
“should” and similar expressions, as they relate to us, are
intended to identify forward-looking statements. These statements
reflect management’s current beliefs, assumptions and expectations,
including with respect to Xerox’s future financial and operating
performance, strategic and competitive advantages and future
opportunities and the expected amount of cost reductions that may
be realized in the cost transformation program, and are subject to
a number of factors that may cause actual results to differ
materially. Such factors include but are not limited to: changes in
economic conditions, political conditions, trade protection
measures, licensing requirements and tax matters in the United
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changes in foreign currency exchange rates; our ability to
successfully develop new products, technologies and service
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that multi-year contracts with governmental entities could be
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criminal penalties and administrative sanctions could be imposed on
us if we fail to comply with the terms of such contracts and
applicable law; actions of competitors and our ability to promptly
and effectively react to changing technologies and customer
expectations; our ability to obtain adequate pricing for our
products and services and to maintain and improve cost efficiency
of operations, including savings from restructuring actions and the
relocation of our service delivery centers; the risk that
individually identifiable information of customers, clients and
employees could be inadvertently disclosed or disclosed as a result
of a breach of our security systems; the risk in the hiring and
retention of qualified personnel; reliance on third parties,
including subcontractors, for manufacturing of products and
provision of services; our ability to expand equipment placements;
interest rates, cost of borrowing and access to credit markets; the
risk that our products may not comply with applicable worldwide
regulatory requirements, particularly environmental regulations and
directives; the outcome of litigation and regulatory proceedings to
which we may be a party; the potential that our business does not
realize all of the expected benefits of the separation; and other
factors that are set forth in the “Risk Factors” section, the
“Legal Proceedings” section, the “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” section
and other sections of our Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2016, June 30, 2016 and Sept. 30, 2016,
and our 2015 Annual Report on Form 10-K filed with the SEC. Xerox
assumes no obligation to update any forward-looking statements as a
result of new information or future events or developments, except
as required by law.
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Xerox®, Xerox and Design®, FreeFlow®, Trivor™, and XMPie® are
trademarks of Xerox in the United States and/or other
countries.
The EFI logo and Fiery are registered trademarks of Electronics
For Imaging, Inc. in the U.S. and/or certain other countries. EFI
is a trademark of Electronics For Imaging, Inc. in the U.S. and/or
certain other countries. All other terms and product names may be
trademarks or registered trademarks of their respective owners, and
are hereby acknowledged.
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version on businesswire.com: http://www.businesswire.com/news/home/20170202005215/en/
Media:XeroxGary Walker,
+1-585-427-1679Gary.Walker@xerox.comorEFIDavid Lindsay,
+1-404-931-7760david.lindsay@efi.comorText100 for XeroxAlyssa Weir,
+1-585-697-2614Alyssaw@text100.com
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