His remark was foreshadowed in the company's 2015 annual report, or 10-K, filed with the United States Securities and Exchange Commission. EFI established its presence in Meredith with the acquisition of VUTEk Inc., a maker of wide-format printers, in 2005. Lindsay described the acquisition as "a turning point for the company," which marked its entry into the wide-format printer market. The company expanded its presence in this market with the acquisition of Raster Printers of Silicon Valley, California in 2008 and Matan Digital Printers of Williamsville, New York, in 2015. During the 12 months ending in June of this year, the industrial inkjet printer segment generated $530.3 million in revenue, representing 55 percent of total revenues and year-over-year growth of 39 percent.

Source: Daily Sun September 01, 2016 04:52 UTC