FOSTER CITY, Calif.--(BUSINESS WIRE)--July 29, 2008--EFI (Nasdaq:EFII), the world leader in customer-focused digital printing innovation, today announced it has acquired privately held Pace Systems Group for approximately $21 million in cash plus an additional cash earn out amount which is contingent upon achieving certain performance targets. Pace Systems Group is a print management software company providing practical print MIS and e-commerce solutions that make printing and graphic art companies more efficient and profitable.
The acquisition is expected to be neutral to earnings in Q3 and slightly accretive in Q4. EFI will announce its second quarter results and its third quarter outlook after close of market today.