Cimpress

Cimpress

Cimpress

American company

Cimpress plc is an American Irish-domiciled[2] 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[3] through a number of customer-facing brands that Cimpress operates.

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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.[4] It has offices and manufacturing facilities throughout Europe, North and South America, India, Australia, Philippines, China and Japan.[3][5]

Cimpress aggregates, via the Internet, large volumes of small, individually customized orders for a broad spectrum of print, signage, apparel and similar products.[3]

History

The company was founded under the name Bonne Impression in 1995 in Paris, France by current President and CEO Robert Keane.[6] 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.[6]

This was followed by its initial public offering in 2005 when it began trading on the Nasdaq under VPRT.[7]

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.[3]

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.[8][9]

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.[10] In the same year, it acquired Pixartprinting, an online printing company based in Quarto d'Altino, Italy.[11]

Four 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.[12]

In 2020, Cimpress acquired majority stake at Brazilian web-printing startup Printi. In October 2020 the company acquired online marketplace 99designs based in Melbourne.[13] In 2021, Vistaprint acquired Crello and Depositphotos.[14]

Manufacturing

Cimpress businesses have manufacturing facilities in North America, South America, Asia, Europe and Australia.[3] In 2016, the company opened its first US manufacturing plant in Reno, Nevada.[15]

References

  1. [1]
    "US SEC: Form 10-K Cimpress N.V." U.S. Securities and Exchange Commission.
  2. [2]
    "Tracking Tax Runaways". Bloomberg.com.
  3. [3]
    "Form 10-K". Cimpress Investor Relations. Retrieved 15 August 2015.
  4. [4]
    "Q3 2016 Financial and Operating Metrics". ir.cimpress.com. Cimpress. Retrieved 28 April 2016.
  5. [5]
    "Cimpress Total Employees (Annual) (CMPR)". ycharts.com. Retrieved 2018-07-02.
  6. [6]
    "From Startup To 500 Million Dollars: VistaPrint CEO Robert Keane". One Million to One Million. 24 June 2009. Retrieved 15 September 2015.
  7. [7]
    "Initial Public Offering Filing". NASDAQ. Cimpress Investor Relations. Retrieved 30 September 2005.
  8. [8]
    Brown, Rodney (9 December 2011). "Vistaprint to acquire Webs.com for $118 million". American City Business Journals.
  9. [9]
    Symington, Steve. "Cimpress N.V. Finishes an "Important" Year". The Motley Fool. Retrieved 2018-07-02.
  10. [10]
    "Vistaprint to Acquire Dutch Firm - Analyst Blog". 19 February 2014. Retrieved 19 February 2014.
  11. [11]
    Nias, Simon. "Vistaprint acquires Pixartprinting in €127m deal". Archived from the original on 1 July 2017. Retrieved 3 April 2014.
  12. [12]
    Cronin, Mike. "Vistaprint owner acquires BuildASign for $280M". www.bizjournals.com. Retrieved 2019-02-22.
  13. [13]
    "Printing giant Vistaprint acquires 99designs". techcrunch.com. 2020-10-05. Retrieved 2020-10-05.
  14. [14]
    "Vistaprint acquires Crello and Depositphotos, rebrands as Vista, to better take on Canva and others in online creative design for businesses". techcrunch.com. 2021-10-27. Retrieved 2023-09-12.
  15. [15]
    Sally, Roberts (7 November 2016). "Cimpress, mass-customization printing company, is coming to Reno". Northern Nevada Business Weekly. Archived from the original on 25 September 2020. Retrieved 10 January 2017.
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