Marc Olin is coming out of retirement to join eProductivity Software as executive chairman of the former EFI subsidiary. Olin had been EFI’s CFO and headed the MIS business since the acquisition of Printcafe, the company that had hoovered up smaller MIS providers to create the largest productivity software provider in the US.
Private equity company Symphony Technology Group has purchased the technology operation through a carve out from EFI. Gaby Matsliach stays with the software company as CEO, but other positions on the board of directors have yet to be named.
The expectation is that announcements will be made at the EFI Connect user conference in Las Vegas this week. By tradition workflow and MIS content is a major part of the event with numerous workshops, training sessions and seminars appealing to the 4,000 EPS customers around the world. However, EFI has since its own acquisition by a PE investment group, channelled resources towards its industrial inkjet businesses.
Now EPS will be unshackled to invest in its own future, with Olin tempted to bring his 35 years of experience back into play. His presentation this week, alongside other members of the management line up, will set out a vision and plans for the future.
“When I heard about STG’s investment plans for the productivity software business, I became increasingly interested in joining what I know will be a successful future,” he says. “With the increased focus on driving global organic and inorganic growth and with Gaby and the productivity software management team committed to lead the business forward, I knew that this would be a great opportunity to help them realise their vision.”
The division has operated at arms length from the main EFI business in recent years with its own facilities in the US and Europe, based largely on sites previously belonging to companies that EFI had acquired. Sales office in the UK remains in Chesterfield.
