Global Graphics SE (Euronext: GLOG) announces today that is has acquired the trade and assets of RTI Global, Inc. and RIPMall Technologies, Inc. (together "RTI"), both located in Sarasota, Florida, USA.
RTI provides and supports custom-branded versions of the Harlequin RIP direct to print service providers and printing equipment manufacturers, mostly in the North American market, and is a long-standing customer of Global Graphics. RTI has grown a successful on-line sales operation over the past 20 years, selling the RTI Harlequin RIP for use with a wide variety of printing equipment and workflows.
Gary Fry, Global Graphics’ CEO said, “RTI has been providing expert advice to Harlequin customers for many years and has an excellent reputation for service and support. This acquisition gives us a direct route to market in one of our strategic growth segments at the light production end of the digital printing market where RTI’s understanding of the end-customer will be invaluable. It also gives us access to a very successful on-line sales operation.”
Total consideration is estimated to be $0.27 million, which will be settled in cash, from existing shares and the forgiveness of debt.
For the year ended 31 December 2014, the unaudited accounts of RTI showed revenue of $0.93 million and a profit before tax of $0.11 million.
The acquisition is expected to be earnings enhancing in the current financial year.
Ken Hillier, president of RTI said, “We’re delighted to join Global Graphics and look forward to continuing the successful operation of the RTI business.”
About Global Graphics
Global Graphics (Euronext: GLOG) http://www.globalgraphics.com is a leading developer of software platforms on which our partners create solutions for digital printing, digital document and PDF applications. Customers include HP, Corel, Quark, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and, today the majority of the R&D team is still based near here. There are also offices near Boston, Massachusetts and in Tokyo.
About RTI Global Inc
RTI Global http://www.rti-rips.com was founded in 1994 by Ken Hillier. The company has sold more than 5,000 Harlequin RIPs world-wide, the vast majority into North America. RTI was an early adopter of internet marketing and has had a website focused on the sales and marketing of its products since 1995. RTI sells integrated RIP and workflow solutions, based on the Harlequin RIP, as well as thermal imaging systems, to the screen printing, flexographic, direct digital, and offset printing markets.
Global Graphics, Harlequin, the Harlequin logo, the Harlequin RIP, are trademarks of Global Graphics Software Limited which may be registered in certain jurisdictions. Global Graphics is a trademark of Global Graphics S.E. which may be registered in certain jurisdictions. All other brand and product names are the registered trademarks or trademarks of their respective owners.
Graeme Huttley/ Global Graphics
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