EFI has sold its eProductivity Software (EPS) business to an affiliate of Symphony Technology Group (STG).
STG is a private equity partner to software, data and analytics companies. eProductivity Software has more than 4000 mid-market and enterprise customers globally, across all key verticals within packaging and print, including folding carton, corrugated packaging, tag and label, flexible packaging, commercial print, publication, mailing and display graphics, amongst others. Following the sale, EPS has become an independent company although EPS and EFI will continue to work together closely.
EPS is a global provider of mission critical enterprise resource planning (ERP), and business and production software purposely built to empower the packaging and print industries. STG’s backing will accelerate the growth of EPS as a standalone company through organic and inorganic initiatives to deepen and broaden the company’s capabilities and further enhance its position in the industries it serves.
Gabriel Matsliach, EPS CEO, said, ‘This strategic step in becoming an independent company enables us to bring greater value to our customers, as well as the packaging and print industries overall, by extending our collaboration with key industry technology players. We will of course continue to collaborate closely with our friends at EFI. In addition, we will accelerate investments in our technology advancements and modernisation, in our level of partnership with customers, and in driving global organic and inorganic growth.
‘Through this process, STG took the time to deeply understand the industries we serve and got excited about our space, customers, and market position. We were impressed by their strong emphasis on growth through innovation and a highly customer centric approach and are looking forward to implementing together that future vision.’
STG managing partner William Chisholm said, ‘We are very impressed with EPS’s portfolio of mission critical products catering specifically to the needs of customers in the packaging and printing industries. We are excited to partner with Gaby and his team, leverage our experience as investors in enterprise software and our historical success in executing carve out transactions, in order to further expand the EPS value proposition to its customers and further accelerate its growth trajectory through technological innovation and a customer centric mindset as a standalone company.’
