#Digital Printing

2024-09-26

Acquisition of Fiery, LLC, a company leading the digitalization of the printing process

Seiko Epson Corporation ("Epson") is pleased to announce that Epson has entered into an agreement with affiliates of Siris Capital Group, LLC ("Siris"), including Electronics for Imaging, Inc., on September 19, 2024 to acquire all interests in Fiery, LLC ("Fiery"), a U.S.-based company which is the leading provider of digital front end* ("DFE") servers and workflow solutions for the print industry. The transaction is subject to customary closing conditions including required regulatory approvals.

Epson and Fiery each have a long history of supporting customers to maximize their productivity with the use of digital printing technology. Fiery's industry-leading products have enabled the exceptional results that printers have relied on for over three decades, and Fiery's software, server, and workflow solutions will complement Epson's strategic vision and hardware leadership to accelerate the growth of digital printing around the world.

Mr. Yasunori Ogawa, Epson's President and Representative Director said: "We are delighted to welcome Fiery into the Epson Group. We are confident that this agreement will not only drive further growth in our commercial and industrial printing businesses but also accelerate the digital transformation of the analog printing market in innovative way. Together with Fiery, we remain committed to contributing to our customers' success and enhancing corporate value as we pursue new opportunities in the evolving printing landscape."

Mr. Toby Weiss, CEO of Fiery, said: "Epson's acquisition of Fiery showcases the uniquely important role we play in enabling success across the entire print industry. As the leader in DFEs and workflow solutions, Fiery has built a long legacy of empowering OEMs to deliver the best possible results for their customers, and that legacy will be enriched under Epson’s strategic vision. Epson is a legendary company in the print industry, and we are thrilled to join the Epson family to drive the growth of digital printing around the world together."

Mr. Frank Baker, Co-founder and Managing Partner of Siris said: "Siris has had an incredible partnership with Fiery, and Epson is the ideal owner to shepherd the company through its continued journey as a mission-critical technology provider to the printer industry."

*Digital Front End: A general term for software and hardware used to process print data and manage the printing process.

About the acquisition

The acquisition is expected to close within 2024, subject to necessary regulatory approvals and other customary closing conditions. After the acquisition, Fiery will become part of the Epson group, retain its current name and organizational structure and continue to operate from its existing offices.