While financial terms of the acquisition were not disclosed, the acquisition is not expected to be material to Efi’s Q4 or full-year 2013 results. The Metrix team has joined Efi, including Metrix CEO and founder Rohan Holt, who is now director of Efi Metrix products.

“Efi and Metrix have had a positive working relationship for several years,” said Marc Olin, Efi’s interim CFO and senior vice president and general manager of the company’s Productivity Software business. “Adding the Metrix team’s exceptional talent and technical know-how helps us drive innovation even further, ensuring that Efi customers can continue to reduce the cost and improve the profitability of their printing operations.”

Efi will be continuing development and customer support activities for all of Metrix’s software products. Metrix’s technology offering will also expand to serve as an integrated impositioning module for Efi’s Pace MIS product. Over time, Metrix’s technology will also become integrated with Efi’s other MIS and ERP workflow offerings. Efi plans on continuing Metrix’s existing reseller and channel arrangements. “Efi is the leader in print production workflow and I know our worldwide customer base will benefit enormously from the new level of integration with Efi’s products,” said Rohan Holt. The newest version of Metrix will be introduced later this month at the 2013 SGIA Expo in Orlando, Fla., in booth 462.

Efi Reports Record Third Quarter With Revenue of $179M, Up 16%

For the quarter ended September 30, 2013, the Company reported record third quarter revenue of $178.8 million, up 16% compared to third quarter 2012 revenue of $154.1 million. Third quarter 2013 non-GAAP net income was $18.7 million or $0.39 per diluted share, up 41% and 39%, respectively, compared to non-GAAP net income of $13.3 million or $0.28 per diluted share for the same period in 2012. GAAP net income was $16.1 million or $0.33 per diluted share, up 20% and 18%, respectively, compared to $13.4 million or $0.28 per diluted share for the same period in 2012.
 
For the nine months ended September 30, 2013, the Company reported revenue of $530.5 million, up 11% year-over-year compared to $478.0 million for the same period in 2012. Non-GAAP net income was $52.8 million or $1.09 per diluted share, up 27% and 25%, respectively, compared to non-GAAP net income of $41.7 million or $0.87 per diluted share for the same period in 2012. GAAP net income was $33.9 million or $0.70 per diluted share, also up 27% and 25%, respectively, compared to GAAP net income of $26.7 million or $0.56 per diluted share for the same period in 2012.
 
"The Efi team delivered a very strong third quarter with record revenue and a terrific increase in profitability," said Guy Gecht, CEO of Efi. "With new breakthrough products across our portfolio, we expect the demand to continue as Efi's innovation helps customers around the globe win new business and boost productivity."