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EFI Acquires Technique, Strengthens Global Print MIS Leadership
GlobeNewswire
2012-11-19


FOSTER CITY, Calif., Nov. 19, 2012 (GLOBE NEWSWIRE) -- EFI(TM)
(Nasdaq:EFII), a world leader in customer-focused digital printing
innovation, today announced that it has acquired Technique. Technique
is a provider of MIS/ERP (management information systems and enterprise
resource planning) software products for the publication, commercial
and direct marketing print industries. While financial terms of the
acquisition were not disclosed, it is not expected to be material to
EFI's 2012 results.

"We are excited to have Technique join the EFI family and our expanding
portfolio of business automation technologies. We welcome their strong
customer install base in more than 20 countries and 4 continents, to
our own large global client base," said Marc Olin, general manager of
EFI's Productivity Software business unit. "We will also provide
Technique customers an integrated workflow with our industry leading
Fiery(R) digital front end and Inkjet portfolio including VUTEk(R),
Jetrion(R) and wide format devices."

"Technique is thrilled about the opportunity to join EFI, which is
becoming the clear leader and even larger provider in productivity
software for printing companies worldwide," said Technique's CEO, Paul
Cooper. "The world of print is changing quickly and being part of the
EFI family gives our customers instant access to wider solutions from
their portfolio, together with the opportunity for more local support."

Technique products will become part of EFI's Productivity Software
portfolio. EFI intends to integrate support and operations of Technique
into the existing Productivity Software organization and to continue to
support the existing Technique client base.

Technique consists of privately held Technique Business Systems
Limited, a UK company located in Leeds, UK, and Technique, Inc., a
Delaware corporation. More information about the company, its
award-winning products and clients can be found at:
www.technique-mis.com.

About EFI

EFI(TM) (www.efi.com) is a worldwide provider of products, technology
and services leading the transformation of analog to digital imaging.
Based in Silicon Valley, with offices around the globe, the company's
powerful integrated product portfolio includes digital front-end
servers; superwide, wide-format, label and ceramic inkjet presses and
inks; production workflow, web to print, and business automation
software; and office, enterprise and mobile cloud solutions. These
products allow users to produce, communicate and share information in
an easy and effective way, and enable businesses to increase their
profits, productivity, and efficiency.

The Electronics For Imaging, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7332

Safe Harbor for Forward Looking Statements Certain statements in this
press release are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E
of the Securities Exchange Act of 1934, as amended. Statements in this
press release that could be deemed forward-looking statements include,
but are not necessarily limited to, statements regarding the impact of
the acquisition on EFI's 2012 results, expansion of our product
portfolio, our future product offerings to Technique customers,
integration of Technique, and any statements or assumptions underlying
any of the foregoing.

Forward-looking statements are subject to certain risks and
uncertainties that could cause our actual future results to differ
materially, or cause a material adverse impact on our results.
Potential risks and uncertainties include, but are not necessarily
limited to, unforeseen expenses; the difficulty of aligning expense
levels with revenue; management's ability to forecast revenues,
expenses and earnings; any world-wide financial and economic
difficulties and downturns; adverse tax-related matters such as tax
audits, changes in our effective tax rate or new tax legislative
proposals; the unpredictability of development schedules and
commercialization of products by the leading printer manufacturers and
declines or delays in demand for our related products; changes in the
mix of products sold; the uncertainty of market acceptance of new
product introductions; intense competition in each of our businesses,
including competition from products developed by EFI's customers;
challenge of managing asset levels, including inventory and variations
in inventory levels; the uncertainty of continued success in
technological advances; the challenges of obtaining timely, efficient
and quality product manufacturing and supply of components; litigation
involving intellectual property rights or other related matters; our
ability to successfully integrate acquired businesses; the uncertainty
regarding the amount and timing of future share repurchases by EFI and
the origin of funds used for such repurchases; the market prices of
EFI's common stock prior to, during and after the share repurchases;
and any other risk factors that may be included from time to time in
the Company's SEC reports.

The statements in this press release are made as of the date of this
press release. EFI undertakes no obligation to update information
contained in this press release. For further information regarding
risks and uncertainties associated with EFI's businesses, please refer
to the sections entitled "Risk Factors," "Factors That Could Adversely
Affect Performance," and other similar sections in our SEC filings and
reports, including, but not limited to, EFI's annual report on Form
10-K and its quarterly reports on Form 10-Q, copies of which may be
obtained by contacting EFI's Investor Relations Department by phone at
650-357-3828 or by email at investor.relations@efi.com or EFI's
Investor Relations website at http://www.efi.com.

NOTE TO EDITORS: The EFI logo, Fiery, VUTEk and Jetrion are registered
trademarks of Electronics For Imaging, Inc. in the U.S. and/or certain
other countries. EFI, Monarch and Pace are trademarks of Electronics
For Imaging, Inc. in the U.S. and/or certain other countries. All other
terms and product names may be trademarks or registered trademarks of
their respective owners, and are hereby acknowledged.


CONTACT: Vincent Pilette
         Chief Financial Officer, EFI
         Phone (603) 357-3500
         vincent.pilette@efi.com
         
         Holly O'Rourke
         Director Corporate Communications, EFI
         Phone (603) 475-9244
         holly.orourke@efi.com
         
         JoAnn Horne
         Market Street Partners
         Phone (415) 445-3235





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