Product category:
General Print Supplies, Services for Printers
News Release from: Xante Corporation
Edited by the Printingtalk Editorial
Team on 07 March 2007
Xante Set To Acquire RIPit And CTP
Imaging Firm
Xante is in the process of acquiring, in separate transactions, RIPit Imaging Systems and Exxtra Imaging Systems.
Xante is in the process of acquiring, in separate transactions, RIPit Imaging Systems and Exxtra Imaging Systems The companies have agreed on the financial terms of both acquisitions, funds from Xante are in escrow and the transactions should be completed on or about March 9
This article was originally published on Printingtalk on 2 Dec 2004 at 8.00am (UK)
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RIPit Imaging Systems provides software RIPs designed for pre-press and graphic imaging markets and Exxtra Imaging Systems develops and produces metal, polyester and film CTP (Computer To Plate) imaging equipment.
Xante believes that the acquisition will allow it to better serve the similar customer base of all three companies by providing a more comprehensive range of products and software systems to the professional imaging markets.
The acquisitions allow Xante to expand its products to professional printers in over 100 countries.
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Robert Ross, president and chief executive officer of Xante Corporation, said: "Xante is constantly developing new technologies for future expansion and growth.
Once we determined Xante could accelerate its entry in to the Violet CTP market by adding the people and products of RIPit and Exxtra to the Xante family, we did not hesitate.
Both companies have solid reputations and significant technology portfolios." He continued: "Xante now has one of the strongest lines of CTP products in the industry as a result of the combined product offering of the three companies.
The collective design resources will lead to even more innovative CTP systems, software RIPs and professional imaging systems." The combination of intellectual property, technology assets and people with industry experience will allow Xante to expand its market reach around the world looking for process colour workflow systems, said the company.
The assets of Xante, RIPit, and Exxtra create a synergy that will result in a larger, more diverse offering capable of spawning new business opportunities via a large base of worldwide distributors and dealers, it is claimed.
Xante added that it has the resources and financial strength to enable the newly combined companies to rapidly expand market presence and increase the speed it introduces products to the market.
The Xante product line now encompasses chemical-free and process-free systems, such as the Impressia Metal Platesetter and Platemaker 5, which are claimed to provide metal and polyester plates for short to medium run lengths, as well as larger format violet metal plate and polyester imaging devices driven by OpenRIP Symphony.
The company's Adobe Postscript 3 RIP features a multi-device, multi-task workflow designed to automate pre-press production and eliminate human error.
Symphony's multi-device functions are claimed to allow every device in the print shop, including platesetters, image setters, laser printers, digital copiers, inkjet printers and plotters to be controlled from a single RIP for true workflow consistency.
Wayne Wasulko, president of RIPit Imaging Systems, said: "I'm excited about the opportunities to advance the technologies designed by RIPit with Xante's resources and commitment to growth and innovation.
I will now have the time to follow my passion and focus my energies on the development of leading edge software RIP systems, as well as expanding our presence and product offering in the pre-press market." And Michael Sterflinger, president of Exxtra Imaging Systems, added: "These newly combined companies are poised to significantly influence the future direction of the CTP industry.
I am very excited to be joining forces with Xante which has a well established and successful world-wide sales and marketing organisation and distribution channel." Management of the company includes executives from both organisations.
Robert C Ross, Junior will continue as president and chief executive officer.
Wayne G Wasulko of RIPit has joined Xante as vice president of RIP development, whilst Michael R Sterflinger of Exxtra has joined Xante as vice president of technology.
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