Siris Announces Sale of Fiery to Seiko Epson Corporation [Yahoo! Finance]
SEIKO EPSON CORP UNSP/ADR (SEKEY)
NASDAQ:AMEX Investor Relations:
global.epson.com/ir
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Source: Yahoo! Finance
NEW YORK Sept. 18, 2024 $591 million Fiery is a leading provider of digital front end ("DFE") servers and workflow solutions for the growing industrial and graphic arts print sectors. Utilizing a combination of software and cloud-based technologies, Fiery has a demonstrated track record of delivering fast performance, stunning color and exceptional print quality across a broad range of production printing devices. Fiery was acquired as part of Siris' take-private acquisition of EFI in 2019. As part of its value creation strategy, Siris operationalized Fiery as an independent company in order to position it for a strategic exit. The divestiture of Fiery is the second carveout that Siris has completed from the broader EFI portfolio, after previously selling eProductivity Software to Symphony Technology Group, announced in 2022. "Since our investment in Fiery in 2019, Toby and the team have grown the company's leadership position in the DFE market, making significant progress expa
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