Vanguard Graphics International (St. Paul, Minnesota), parent company to wholly-owned subsidiaries Printware and Xitron, has announced the sale of Xitron to Global Graphics. With the announcement, Printware and Xitron have committed to maintaining their long-standing relationship. Both companies stress that the sale will not affect any software products developed by Xitron and offered by Printware through their iJetColor Pro, iJetColor NXT, and iJetColor Envelope Printing Systems.
Stan Goldberg, CEO of Vanguard Graphics, said that he believes the sale will be beneficial to both Printware and Xitron, allowing both companies to focus on their core capabilities. “As a long-time developer of the Harlequin RIP, Xitron’s prepress software products and markets align very well with Global Graphics’ strategic directions – while Printware will have the additional financial resources necessary to take full advantage of the growth of the inkjet market through product development and potential acquisition opportunities.” Goldberg also confirmed that both Printware and Xitron have committed to maintain their long-standing relationship, and as a result, the sale will not affect any of the current software products or services offered by Printware.
“The sale of Xitron provides Printware with additional resources that will allow us to continue developing new iJetColor products, as well as provide for new marketing and service programs to continue our leadership role in the rapidly growing inkjet market,” said Tim Murphy, President of Printware. “In addition, the capital provided by the sale will also allow us to further enhance our business through new partnerships.”
Karen Crews, President of Xitron, added. “We’re looking forward to progressing our development projects with Printware and helping them build on the success of the iJetColor line. We also find ourselves in the enviable position of increased collaboration with Global Graphics, while growing our development opportunities and market share around the world.”
Printware designs, engineers and markets the iJetColor Pro, iJetColorNXT, and the iJetColor envelope printing systems. All are high-performance, low-cost inkjet digital printers powered by Memjet technology. Printware also manufactures “the world’s most highly used polyester computer-to-plate systems that produce cut-to-size, punched and press-ready printing plates.” Vanguard Graphics International (VGI) is a privately held holding company that specializes in acquiring and managing companies in the graphic arts industry. Its primary objective is to consolidate and manage “best-of-class” companies that serve the printing market. VGI operates Printware, a leading provider of pre-press solutions focused on CTP and inkjet systems.