Electronics For Imaging also announced that its ‘Fiery’ business unit will operate as an independent company in the digital print domain
Electronics For Imaging, Inc. (EFI), a global leader in digital industrial imaging and portfolio company of Siris Capital Group LLC, recently appointed Frank Pennisi as its CEO. Also, EFI separated its Fiery business unit as an independent company owned by Siris. Notably, both companies will have distinct areas of strategic focus, with EFI as an industrial inkjet leader and Fiery as a digital front-end (DFE) provider.
Previously, Pennisi presided over Orora Packaging Solutions, a leading provider of custom packaging solutions with an emphasis on corrugated. During his stint with Orora Packaging Solutions, Pennisi was an EFI customer, using EFI’s 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. Pennisi has also worked with FLIR Systems (now Teledyne FLIR), Honeywell, and GE in leadership positions.
Mr Pennisi completed his Master of Science in Mechanical Engineering from the Massachusetts Institute of Technology (MIT) after a BS in Mechanical Engineering and Materials Engineering from the University of California, Berkeley.
As per reports, a 35-year veteran of the digital imaging sector who led EFI as CEO following its 2019 take-private by Siris, Jeff Jacobson, will remain executive chairman of each business.
Jacobson commented, “This realignment positions both EFI, now solely focused on digital inkjet for industrial applications, and Fiery, the leading global DFE provider, to win in their independent markets while maintaining the close partnership that has contributed to the success of each business. Digital imaging would not be where it is today without Fiery. Operating as a standalone company will only further strengthen Fiery’s market-leading position in providing innovative DFE solutions. Similarly, no company in the industry can match the depth and breadth of EFI’s industrial inkjet portfolio and I am looking forward to this next chapter of growth under Frank’s leadership.”
“As a former customer, I know that EFI’s digital industrial inkjet portfolio is unmatched in the industry,” remarked Pennisi. “The company’s suite of equipment, inks, and intelligent service positions it to address its customers’ most critical needs.”
“I am excited that Frank shares our enthusiasm about the possibilities for EFI as an industrial inkjet leader and will bring his leadership and unique customer perspective to the company,” stated Tyler Sipprelle, partner at Siris. “Jeff’s leadership has been pivotal since Siris’ acquisition of EFI, through the first chapter of transformation and the challenges of the COVID pandemic, and he will continue to play a critical role moving forward as EFI’s executive chairman. With Frank, Jeff, and all the passionate and committed EFI team members, I am confident we have the best possible organization to continue to transform the industrial imaging industry.”
Headquartered in Londonderry, NH, EFI is a leading global tech company transforming analog to digital imaging. It aims to lead customers through their digital journey with a scalable portfolio of products, solutions, services, support, and partnerships for the manufacturing of signage, packaging, textiles, ceramic tiles, building materials, commercial print, and personalized documents with a wide range of printers, inks, digital front ends, and workflow software.