Cimpress
 | |
| Formerly |
|
|---|---|
| Company type | Public |
| Nasdaq: CMPR Russell 2000 Component | |
| Industry | Mass customization |
| Founded | 1995 |
| Headquarters | Dundalk, Ireland |
Key people |
|
| Brands | Vistaprint |
| Revenue |
|
| |
| |
| Total assets |
|
| Total equity |
|
Number of employees |
|
| Website | Cimpress.com |
| Footnotes / references [1] | |
Cimpress plc is an Irish company that invests in and operates a wide variety of businesses that use mass customization to configure and produce small quantities of individually customized goods. Those products are sold to small businesses, graphic designers and consumers[2] through a number of customer-facing brands that Cimpress operates.
Business operations
Cimpress is a conglomerate that specializes in mass customization, based in Dundalk, Ireland employing more than 10,000 people globally across manufacturing, marketing, technology, software development, sales and support functions.[3] It has offices and manufacturing facilities throughout Europe, North and South America, India, Australia, Philippines, China and Japan.[2][4]
Cimpress aggregates, via the Internet, large volumes of small, individually customized orders for a broad spectrum of print, signage, apparel and similar products.[2]
History
The company was founded under the name Bonne Impression in 1995 in Paris, France by current President and CEO Robert Keane.[5] It was a direct marketer of desktop publishing software and pre-printed laser-printer-compatible specialty papers for printing brochures, stationery and business cards from the desktops – focused on small business customers. In 1999, the company moved its business to the internet and changed its name to Vistaprint.[5]
This was followed by its initial public offering in 2005 when it began trading on the Nasdaq under VPRT.[6]
In November 2014, the company changed its name from Vistaprint N.V. to Cimpress N.V. to clarify the distinction between the corporate entity and the company’s portfolio of customer-facing brands.[2]
Acquisitions
Cimpress has acquired several companies that specialize in online printing and mass customization.
In November 2011, Cimpress acquired Albumprinter which it later divested in 2017, a company based in Amsterdam, the Netherlands that produces photobooks and Webs, a company based in Silver Spring, Maryland, that enables users to create free websites.[7][8]
In 2014 Global printing heavyweight Vistaprint acquired a $25 million minority position in Brazilian web-printing startup Printi.
In 2014, Cimpress acquired People & Print Group (renamed Printdeal as of January 1, 2015), an online printing company based in Deventer, Netherlands.[9] In the same year, it acquired Pixartprinting, an online printing company based in Quarto d'Altino, Italy.[10]
4 years later, in 2018, Cimpress acquired BuildASign, an online printing company based in Austin, Texas for $280 million. BuildASign will keep its company name as well as its website. [11]
In 2020, Cimpress acquired majority stake at Brazilian web-printing startup Printi.
Manufacturing
Cimpress businesses have manufacturing facilities in North America, South America, Asia, Europe and Australia.[2] In 2016, the company opened its first US manufacturing plant in Reno, Nevada.[12]
References
- ^ "US SEC: Form 10-K Cimpress N.V." U.S. Securities and Exchange Commission.
- ^ a b c d e "Form 10-K". Cimpress Investor Relations. Retrieved 15 August 2015.
- ^ "Q3 2016 Financial and Operating Metrics". ir.cimpress.com. Cimpress. Retrieved 28 April 2016.
- ^ "Cimpress Total Employees (Annual) (CMPR)". ycharts.com. Retrieved 2018-07-02.
- ^ a b "From Startup To 500 Million Dollars: VistaPrint CEO Robert Keane". One Million to One Million. Retrieved 15 September 2015.
- ^ "Initial Public Offering Filing". NASDAQ. Cimpress Investor Relations. Retrieved 30 September 2005.
- ^ Brown, Rodney (9 December 2011). "Vistaprint to acquire Webs.com for $118 million". American City Business Journals.
- ^ Symington, Steve. "Cimpress N.V. Finishes an "Important" Year". The Motley Fool. Retrieved 2018-07-02.
- ^ "Vistaprint to Acquire Dutch Firm - Analyst Blog". 19 February 2014. Retrieved 19 February 2014.
- ^ Nias, Simon. "Vistaprint acquires Pixartprinting in €127m deal". Retrieved 3 April 2014.
- ^ Cronin, Mike. "Vistaprint owner acquires BuildASign for $280M". www.bizjournals.com. Retrieved 2019-02-22.
- ^ Sally, Roberts (7 November 2016). "Cimpress, mass-customization printing company, is coming to Reno". Northern Nevada Business Weekly. Retrieved 10 January 2017.