|
|
Article: EFI Spins Off eBeam Electronic Whiteboard Business to Investment Group.
- Article from:
- Business Wire
- Article date:
- July 2, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors/High-Tech Writers
FOSTER CITY, Calif.--(BUSINESS WIRE)--July 2, 2003
Electronics For Imaging (Nasdaq:EFII), the world leader in imaging solutions for network printing, today announced that it is spinning off its eBeam(R) electronic whiteboard business as a new, venture capital backed company. EFI will retain a minority ownership stake of approximately 20% under eBeam's new structure. The transaction will have an immaterial impact on EFI's financial results.
"eBeam is a great product for organizations seeking to increase their office productivity," said Guy Gecht, EFI CEO. "The solution has matured to the point that it has ...