American Printer's mission is to be the most reliable and authoritative source of information on integrating tomorrow's technology with today's management.

PRINTCHANNEL.COM BUYS MEDIAFLEX ASSETS

Jun 18, 2001 12:00 AM


         Subscribe in NewsGator Online   Subscribe in Bloglines

PrintChannel.com (San Francisco) has reached an agreement to buy key technology assets from MediaFlex, which ceased operations in February of 2001. In conjunction with this asset purchase, the company also announced a new round of funding from Warburg, Pincus Equity Partners, L.P.

"Before MediaFlex ceased operations, it had been developing print procurement technology that is highly complementary to the printChannel solution. By merging the two technologies, printChannel.com will solidify its position," states Oliver Pflug, CEO of printChannel.com. "We are particularly pleased that, as part of this purchase, Warburg, Pincus Equity Partners, L.P. has increased its financial commitment printChannel.com."

The technology purchased by printChannel.com will enable the creation of a supplier controlled network of print producers whose products form a single catalog accessible by corporate users. "Print suppliers will have the capability to address most procurement needs of their corporate customers through a single point of access. The ability to tie together multiple production locations, or supplier networks will be of particular interest to large printers, distributors, brokers and Facilities Management companies," said Pflug.

As part of this purchase, printChannel.com has hired key members of the MediaFlex technical team.

The company announced that it plans to showcase the combined technologies as early as Print 01 this September.