Cimpress
{{Short description|American company}}
{{Infobox company
| name = Cimpress plc
| logo = Cimpress logo.svg
| former_names = {{ubl|class=nowrap|Bonne Impression|{{small|(1995–1999)}}|Vistaprint|{{small|(1999–2014)}}}}
| type = Public
| traded_as = {{NASDAQ|CMPR}}
Russell 2000 Component
| industry = Mass customization
| founded = {{start date and age|1995}}
| key_people = {{ubl|class=nowrap
| Robert S. Keane (chairman & CEO)
| Sean E. Quinn (CFO)}}
| location = Dundalk, Ireland
| brands = Vistaprint, National Pen, Pixart Printing, WmD, ExaPrint
| revenue = {{ubl|class=nowrap|{{increase}} US$ 2.14 billion|{{small|(FY JUN 30 2017)}}}}
| operating_income = {{ubl|class=nowrap|{{decrease}} US$ -45.70 million|{{small|(FY JUN 30 2017)}}}}
| net_income = {{ubl|class=nowrap|{{decrease}} US$ -72.20 million|{{small|(FY JUN 30 2017)}}}}
| assets = {{ubl|class=nowrap|{{increase}} US$ 1.68 billion|{{small|(FY JUN 30 2017)}}}}
| equity = {{ubl|class=nowrap|{{decrease}} US$ 75.21 million|{{small|(FY JUN 30 2017)}}}}
| num_employees = {{ubl|class=nowrap|~10,700 {{small|(full-time)}}|~900 {{small|(temporary)}}|{{small|(FY JUN 30 2017)}}}}
| homepage = {{URL|https://cimpress.com/|cimpress.com}}
| footnotes = {{cite web|url=https://www.sec.gov/Archives/edgar/data/1262976/000126297617000025/cmpr0630201710-k.htm|title=US SEC: Form 10-K Cimpress N.V.|publisher=U.S. Securities and Exchange Commission}}
}}
Cimpress plc is an American Irish-domiciled{{Cite news|url=https://www.bloomberg.com/graphics/tax-inversion-tracker/|title=Tracking Tax Runaways|newspaper=Bloomberg.com}} multinational technology 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{{cite web|title=Form 10-K|url=http://ir.cimpress.com/phoenix.zhtml?c=188894&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTEwNDM3MzI1JkRTRVE9MCZTRVE9MCZTUURFU0M9U0VDVElPTl9FTlRJUkUmc3Vic2lkPTU3|website=Cimpress Investor Relations|access-date=15 August 2015}} 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.{{cite web|title=Q3 2016 Financial and Operating Metrics|url=http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjMxMTI1fENoaWxkSUQ9MzM1NTgzfFR5cGU9MQ==&t=1|website=ir.cimpress.com|publisher=Cimpress|access-date=28 April 2016}} It has offices and manufacturing facilities throughout Europe, North and South America, India, Australia, Philippines, China and Japan.{{Cite web|url=https://ycharts.com/companies/CMPR/total_employee_number|title=Cimpress Total Employees (Annual) (CMPR)|website=ycharts.com|language=en|access-date=2018-07-02}}
Cimpress aggregates, via the Internet, large volumes of small, individually customized orders for a broad spectrum of print, signage, apparel and similar products.
History
The company was founded under the name Bonne Impression in 1995 in Paris, France by current President and CEO Robert Keane.{{cite web|title=From Startup To 500 Million Dollars: VistaPrint CEO Robert Keane|url=http://www.sramanamitra.com/2009/06/24/from-startup-to-500-million-vistaprint-ceo-robert-keane-part-1/|website=One Million to One Million|date=24 June 2009|access-date=15 September 2015}} 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.
This was followed by its initial public offering in 2005 when it began trading on the Nasdaq under VPRT.{{cite web|title=Initial Public Offering Filing|url=http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=3702790|website=NASDAQ|publisher=Cimpress Investor Relations|access-date=30 September 2005}}
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.{{Cite web |date=2014-11-20 |title=Vistaprint Changes Name, Ticker to Cimpress (CMPR) (revised) |url=https://finance.yahoo.com/news/vistaprint-changes-name-ticker-cimpress-161100692.html |access-date=2024-08-02 |website=Yahoo Finance |language=en-US}}
= 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.{{cite news|last1=Brown|first1=Rodney|title=Vistaprint to acquire Webs.com for $118 million|url=http://www.bizjournals.com/boston/news/2011/12/19/vistaprint-to-acquire-webscom.html|publisher=American City Business Journals|date=9 December 2011}}
At the start of 2014, Cimpress announced it had acquired People & Print Group (renamed Printdeal as of January 1, 2015), an online printing company based in Deventer, Netherlands.{{cite news |date=19 February 2014 |title=Vistaprint to Acquire Dutch Firm - Analyst Blog |url=http://www.nasdaq.com/article/vistaprint-to-acquire-dutch-firm-analyst-blog-cm328076 |access-date=19 February 2014}} In April of the same year, the company acquired Pixartprinting, an online printing company based in Quarto d'Altino, Italy.{{cite news |last1=Nias |first1=Simon |title=Vistaprint acquires Pixartprinting in €127m deal |url=http://www.printweek.com/print-week/news/1143232/vistaprint-acquires-pixartprinting-eur127m-deal |url-status=dead |archive-url=https://web.archive.org/web/20170701031306/http://www.printweek.com/print-week/news/1143232/vistaprint-acquires-pixartprinting-eur127m-deal |archive-date=1 July 2017 |access-date=3 April 2014}} Later that year in October 2014, Vistaprint acquired acquired a $25 million minority position in Brazilian web-printing startup Printi.{{Cite web |last=Mac |first=Ryan |title=American Investors Find Brazilian Comfort In Exit From Printing Startup Printi |url=https://www.forbes.com/sites/ryanmac/2014/10/06/american-investors-find-brazilian-comfort-with-acquisition-of-printing-startup-printi/ |access-date=2024-06-25 |website=Forbes |language=en}} In 2020, the company acquired a majority stake.{{Needs citation|date=June 2024}}
In December 2016, Cimpress acquired National Pen, a marketer and manufacturer of custom writing instruments.{{Cite web |title=Cimpress to Acquire National Pen |url=https://www.inkworldmagazine.com/contents/view_breaking-news/2016-12-12/cimpress-to-acquire-national-pen/ |access-date=2024-06-25 |website=Ink World}}
Four years later, in 2018, Cimpress acquired BuildASign, an online printing company based in Austin, Texas for $280 million.{{Cite web |last=Ali |first=Fareeha |date=2018-09-25 |title=Cimpress acquires online-only retailer BuildASign |url=https://www.digitalcommerce360.com/2018/09/25/cimpress-acquires-online-only-retailer-buildasign/ |access-date=2024-08-02 |website=Digital Commerce 360 |language=en-US}} BuildASign will keep its company name as well as its website.{{Cite web|url=https://www.bizjournals.com/boston/news/2018/09/26/vistaprint-owner-acquires-buildasign-for-280m.html|title=Vistaprint owner acquires BuildASign for $280M|last=Cronin|first=Mike|website=www.bizjournals.com|access-date=2019-02-22}} That same year, the company also purchased a majority stake in VIDA & Co., a San Francisco-based company that provides on-demand apparel, accessories, and home decor products.{{Cite web |last=Central |first=A. S. I. |date=2018-08-29 |title=Cimpress Makes Majority Equity Investment in VIDA & Co. |url=https://www.asicentral.ca/news/newsletters/promogram/august-2018/cimpress-makes-majority-equity-investment-in-vida-co/ |access-date=2024-06-25 |website=www.asicentral.ca |language=en}}
Manufacturing
Cimpress businesses have manufacturing facilities in North America, South America, Asia, Europe and Australia. In 2016, the company opened its first US manufacturing plant in Reno, Nevada.{{cite news|last1=Sally|first1=Roberts|title=Cimpress, mass-customization printing company, is coming to Reno|url=http://www.nnbw.com/news/mass-customization-printing-company-cimpress-is-coming-to-reno/|access-date=10 January 2017|publisher=Northern Nevada Business Weekly|date=7 November 2016|archive-date=25 September 2020|archive-url=https://web.archive.org/web/20200925062702/https://www.nnbw.com/news/mass-customization-printing-company-cimpress-is-coming-to-reno/|url-status=dead}}
References
{{Reflist}}
External links
- {{Official website|https://cimpress.com/}}
Category:Companies listed on the Nasdaq