Cimpress
American company From Wikipedia, the free encyclopedia
Cimpress plc is an American Irish-domiciled[2] 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[3] through a number of customer-facing brands that Cimpress operates.
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| Company type | Public |
| Nasdaq: CMPR Russell 2000 Component | |
| Industry | Mass customization |
| Founded | 1995 |
| Headquarters | Dundalk, Ireland |
Key people | |
| Brands | Vistaprint, National Pen, Pixart Printing, WmD, ExaPrint |
| Revenue |
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| Total assets |
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| Total equity |
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Number of employees |
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| Website | cimpress.com |
| Footnotes / references [1] | |
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
Summarize
Perspective
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.[8][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.[9]
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.[10] In April of the same year, the company acquired Pixartprinting, an online printing company based in Quarto d'Altino, Italy.[11] Later that year in October 2014, Vistaprint acquired acquired a $25 million minority position in Brazilian web-printing startup Printi.[12] In 2020, the company acquired a majority stake.[citation needed]
In December 2016, Cimpress acquired National Pen, a marketer and manufacturer of custom writing instruments.[13]
Four years later, in 2018, Cimpress acquired BuildASign, an online printing company based in Austin, Texas for $280 million.[14] BuildASign will keep its company name as well as its website.[15] 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.[16]
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.[17]
References
External links
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