Sharpens EFI’s focus as a leading industrial inkjet pure-play and Fiery’s position as the leading DFE provider
Electronics For Imaging, Inc. (EFI), a global leader in digital industrial imaging and portfolio company of Siris Capital Group LLC today announced the appointment of Frank Pennisi, a veteran of the industrial and technology sectors, as Chief Executive Officer. In tandem, EFI’s Fiery business unit has been separated as an independent company that will remain wholly owned by Siris.
As separate companies, EFI™ and Fiery® will have distinct areas of strategic focus that will enable them to serve their customers better and grow over the long-term, with EFI as an industrial inkjet leader and Fiery as the leading digital front end (DFE) provider. Jeff Jacobson, a 35-year veteran of the digital imaging sector who led EFI as CEO following its 2019 take-private by Siris, will remain Executive Chairman of each business.
EFI to Operate as an Industrial Inkjet Pure-Play
Headquartered in Londonderry, N.H., EFI will be solely focused on driving the analog-to-digital transition across the packaging and corrugated, display graphics, textile, and building materials/décor end-markets for industrial inkjet.
Mr. Pennisi comes to EFI from Orora Packaging Solutions, a leading provider of custom packaging solutions with an emphasis on corrugated. While managing Orora Packaging Solutions as its President and CEO, Mr. Pennisi was an EFI customer, using EFI’s industry-leading Nozomi single-pass inkjet, superhigh-speed digital printer. His experience with EFI solutions extends to the close collaboration and consulting he has done with Orora Packaging’s sister company, Orora Visual – a leading display graphics provider that is among the largest North American users of EFI VUTEk® display graphics and EFI Reggiani industrial textile digital printers. Previously, Mr. Pennisi spent two decades in leadership positions at FLIR Systems (now Teledyne FLIR), Honeywell, and GE.
Fiery to Operate as Independent Company Driving Digital Print Innovation
As an independent company, the market-leading Fiery business will continue to provide industry-leading DFE technology for digital production and industrial printing. Toby Weiss, long-time Chief Operating Officer and General Manager of Fiery, will continue to lead the business as CEO of Fiery. “Fiery will remain focused on working closely with our OEM partners, including the EFI Inkjet business, to continue developing cutting edge technology that drives the next generation of automation, accuracy, and profit potential in digital printing,” said Mr. Weiss. “We look forward to accelerating our investment as a standalone company, while driving our expanding product portfolio, incorporating world-class color algorithms, and developing advanced cloud technology.”