EFI to acquire Radius Solutions

EFI has reached an agreement to acquire Radius Solutions, a provider of print MIS software for the packaging industry.

‘We are very pleased to add Radius to our growing portfolio of industry-leading software solutions targeted to the print industry,’ said Marc Olin, senior vice president and general manager, Apps, EFI. ‘EFI's goal is to offer our customers a complete product portfolio that assists them from job creation to production, while allowing them to be more efficient and effective, and ultimately, more profitable. Radius allows us to bring this concept to the packaging market, which is one of the largest segments of the print market and an area of strategic focus for EFI, joining our Pace and Monarch MIS systems which are targeted to the display graphics and commercial print markets.’

Radius Solutions will become part of the Advanced Professional Print Software (Apps) division of EFI. EFI intends to integrate a number of its products including Fiery, Vutek, Jetrion, Digital StoreFront, PrintFlow and Auto-Count, with the Radius product line.

Radius Solutions is headquartered in Chicago, Illinois, with direct operations in the United States and Europe.

‘We are very excited to have Radius Solutions join the EFI family,’ said David Taylor, President and CEO of Radius Solutions. ‘Our ERP packaging software fits strategically within EFI's solutions portfolio. Our clients will gain a supplier with a global footprint and the additional resources of a tier one organization. I look forward to managing the Radius product line within their world class organization.’

While the terms of the acquisition were not disclosed, the cash transaction is expected to be slightly accretive to full year 2010 results. The transaction is subject to various closing conditions.