Electronics For Imaging Buys Metrix Software; Terms Not Disclosed

(RTTNews) - Electronics For Imaging, Inc. (EFII) late Wednesday announced that it has acquired Metrix Software, a provider of automated print planning and imposition technology. The company did not reveal the financial terms of the acquisition.

The provider of products, technology and services leading the transformation of analog to digital imaging said the acquisition is not expected to be material to its fourth quarter or full-year 2013 results.

Following the purchase, the Metrix team has joined EFI, including Metrix CEO and founder Rohan Holt, who is now director of EFI Metrix products.

Marc Olin of EFI said, "Adding the Metrix team's exceptional talent and technical know-how helps us drive innovation even further, ensuring that EFI customers can continue to reduce the cost and improve the profitability of their printing operations.'

According to Holt, EFI is the leader in print production workflow, and its worldwide customer base will benefit enormously from the new level of integration with EFI's products.

Electronics shares closed Wednesday's trading at $33.29, up $0.10 or 0.30 percent.