Tennant & Russell, LLC, a consulting company specializing in strategic moves for software companies within the printing industry, announced the acquisition of Gamsys, its client, by Electronics For Imaging, Inc., a world leader in customer-focused digital printing innovation.
Gamsys is a leader in ERP (MIS) systems for the printing and packaging industries in the French speaking areas of Europe and Africa. While financial terms of the acquisition were not disclosed, it is not expected to be material to EFI's Q2 or full 2013 results.
"We were very pleased to be working with another well-respected and forward-thinking company like Gamsys." said Tennant & Russell, President, James McCarthy. "Patrick and his team were a pleasure to work with. They have a strong company and will be a great addition to the EFI team."
GamSys will join the EFI family and their expanding portfolio of industry-leading business automation technologies. EFI will continue the high-level of support for Gamsys customers in France, Belgium, Switzerland and throughout the rest of the world.
GamSys, based in La Reid, Belgium, has built a base of over 400 customers in Europe over the past 14 years under the leadership of Patrick Vreven, co-founder and CEO. With EFI's acquisition, GamSys will become part of EFI's existing software applications portfolio.
EFI intends to integrate support and operation of GamSys into the existing Productivity Software organization, while continuing to enhance the product's offerings. EFI GamSys clients will also be able to take advantage of integration to EFI's award winning Fiery® digital front-end driving print engines from Xerox, Ricoh, Canon, Konica Minolta as well as EFI VUTEk® superwide format inkjet printers.
"GamSys is excited to join the world-class team of EFI employees and be a part of EFI's strategic focus and investment in Europe," said Vreven who is now director of EFI GamSys. "As our market continues to evolve, our customers will now have access to an extensive portfolio of industry-leading technology, with more options to grow their business, while continuing to receive the same high-level of support and attention they are accustomed to."
Vreven also spoke highly of Tennant & Russell. In discussing the transaction Vreven said, "The acquisition process can be very involved, time consuming and complicated, and we were delighted to have Jim and his team working along side us. They helped move the process very quickly from offer to closure."