Cambridge, UK 30/03/2015
(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
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)
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
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.
Jill Taylor/Global Graphics
+44 1223 926489
Graeme Huttley/ Global Graphics
+44 1223 926472