Xante Buys Two Companies To Extend Product Range
Xante is in the process of acquiring, in separate transactions, RIPit Imaging Systems (Sacramento, CA) and Exxtra Imaging Systems of Hauppauge, New York (USA).
Xante is in the process of acquiring, in separate transactions, RIPit Imaging Systems (Sacramento, CA) and Exxtra Imaging Systems of Hauppauge, New York (USA).
The companies have agreed on financial terms of both acquisitions and the transactions should be completed on or about March 9.
RIPit Imaging Systems provides RIPs (Raster Image Processors) designed for pre-press and graphic imaging markets.
Exxtra Imaging Systems develops and produces metal, polyester and film CTP (computer to plate) imaging equipment.
Xante said 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 to the professional imaging markets.
The acquisitions will also allow Xante to expand its products to professional printers in over 100 countries, making it one of the most complete line of pre-press products in the industry.
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." and he added: "Xante now has one of the strongest line 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 decades of industry experience will allow Xante to expand its market reach to printing professionals around the world looking for process colour workflow systems he explained.
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.
Xante said it has both the resources and financial strength to enable the newly-combined companies to expand market presence and increase the speed at which products are introduced.
The Xante product line now encompasses chemical and process-free systems, such as the Impressia Metal Platesetter and Platemaker 5, which [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.
Its Adobe PostScript 3 RIP features a multi-device, multi-task workflow designed to automate pre-press production and eliminate human error, added the company.
Symphony's multi-device functionality is claimed to allow every device in the print shop, including platesetters, imagesetters, 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, commented: "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 RIPs, as well as expanding our presence and product offering in the pre-press market." "Michael Sterflinger, president of Exxtra Imaging Systems, explained: "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 organizations.
Robert C Ross, Junior, continues as president and CEO.
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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