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Electronics for Imaging (EFI) was founded in 1988 by Efraim Arazi, a native of Israel who was 51 years old at the time.
Issued in 1989 and effective for seven years, that patent was the result of eight years and $4 million worth of research conducted at MIT. The outcome of that research and development effort was the first layman-oriented, color preprinting, device-independent technology.
Those figures rose to $53.7 million and $2.18 million, respectively, in 1992.
EFI's sales rose more than 40 percent in 1994 to $130 million, and net income increased to a record $21.3 million.
That speculation was caused partly by EFI's intent to introduce a new, less expensive line of Fiery controller systems in 1995.
The company's stock price jumped to $24 going into 1994 and then to nearly $30 later in the year. It fell into the mid-$20s later in the year, however, on speculation that the company's sales would slide early in 1995.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Metro Sales | 1969 | $124.9M | 200 | 11 |
| Spectra Medical Distribution | 2006 | $460.0M | 800 | - |
| Data Supplies Inc. | - | $270,000 | 7 | - |
| Kaeser Compressors | 1919 | $870,000 | 50 | 89 |
| Dominion Air & Machinery | 1983 | $3.6M | 50 | - |
| Belmont Equipment & Technologies | 1960 | $9.8M | 58 | - |
| Buckeye International | 1844 | $52.2M | 25 | 1 |
| Auto-Chlor Services | 1946 | $690,000 | 50 | - |
| Oliver Exterminating Corp | - | $25.6M | 200 | - |
| tag | 1976 | $3.7M | 100 | 17 |
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