Fiery, which provides leading Digital Front End (DFE) technology for production and industrial printing, announced it has been separated from Electronics For Imaging, Inc. and established as a separate company that will operate independently while remaining owned by EFI’s owner, Siris Capital Group LLC.
Toby Weiss, long-time Chief Operating Officer and General Manager of Fiery, will continue to lead the business as CEO of Fiery, with Jeff Jacobson serving as Executive Chairman of Fiery in addition to his role as Executive Chairman of EFI.
“This realignment best positions Fiery, the leading global DFE provider, to accelerate investment and win in its current markets while also strategically expanding its footprint into key adjacencies – as exemplified by Fiery’s recent acquisition of CADlink Technology Corporation,” said Jacobson. “I have always believed that digital imaging would not be where it is today without Fiery, and its separation from EFI will allow it to best serve customers in the DFE market.”
“Fiery solutions have always been about enabling digital print and making print engines better, and this is a milestone in furthering that mission,” said Mr. Weiss. “Fiery OEM partners will benefit knowing that they are working with a company that is completely focused on adding value to their print platforms with world-class color management, high-performance image processing, and automated workflows.
“Fiery will remain focused on working closely with its OEM partners, including the EFI Inkjet business, to continue developing cutting-edge technology that drives the next generation of automation, accuracy, and profit potential in digital printing,” said Weiss. “Fiery now has a greater ability to serve as a neutral partner to ensure OEMs capture success within digital print. We look forward to accelerating our investment as a standalone company, while driving our expanding product portfolio, incorporating world-class color algorithms, and developing advanced cloud technology.”
“Fiery is a foundational player in digital imaging,” said Tyler Sipprelle, Partner at Siris. “Establishing Fiery as an independent company positions the business to deepen its commercial and strategic partnerships across the industry.”
As separate companies, EFI and Fiery will have distinct areas of strategic focus that will enable them to serve their customers better and grow over the long-term, with EFI as an industrial inkjet leader and Fiery as the leading digital front end (DFE) provider. Jacobson, a 35-year veteran of the digital imaging sector who led EFI as CEO following its 2019 take-private by Siris, will remain Executive Chairman of each business.
Headquartered in Londonderry, N.H., EFI will be solely focused on driving the analog-to-digital transition across the packaging and corrugated, display graphics, textile, and building materials/décor end-markets for industrial inkjet.
Frank Pennisi comes to EFI from Orora Packaging Solutions, a leading provider of custom packaging solutions with an emphasis on corrugated.