Cimpress

Cimpress plc
Formerly
  • Bonne Impression
  • (1995–1999)
  • Vistaprint
  • (1999–2014)
Company typePublic
Nasdaq: CMPR
Russell 2000 Component
IndustryMass customization
Founded1995; 29 years ago (1995)
HeadquartersDundalk, Ireland
Key people
BrandsVistaprint, National Pen, Pixart Printing, WmD, ExaPrint
Revenue
  • Increase US$ 2.14 billion
  • (FY JUN 30 2017)
  • Decrease US$ -45.70 million
  • (FY JUN 30 2017)
  • Decrease US$ -72.20 million
  • (FY JUN 30 2017)
Total assets
  • Increase US$ 1.68 billion
  • (FY JUN 30 2017)
Total equity
  • Decrease US$ 75.21 million
  • (FY JUN 30 2017)
Number of employees
  • ~10,700 (full-time)
  • ~900 (temporary)
  • (FY JUN 30 2017)
Websitecimpress.com
Footnotes / references
[1]

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.

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.[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

  1. ^ "US SEC: Form 10-K Cimpress N.V." U.S. Securities and Exchange Commission.
  2. ^ "Tracking Tax Runaways". Bloomberg.com.
  3. ^ a b c d e "Form 10-K". Cimpress Investor Relations. Retrieved 15 August 2015.
  4. ^ "Q3 2016 Financial and Operating Metrics". ir.cimpress.com. Cimpress. Retrieved 28 April 2016.
  5. ^ "Cimpress Total Employees (Annual) (CMPR)". ycharts.com. Retrieved 2018-07-02.
  6. ^ a b "From Startup To 500 Million Dollars: VistaPrint CEO Robert Keane". One Million to One Million. 24 June 2009. Retrieved 15 September 2015.
  7. ^ "Initial Public Offering Filing". NASDAQ. Cimpress Investor Relations. Retrieved 30 September 2005.
  8. ^ "Vistaprint Changes Name, Ticker to Cimpress (CMPR) (revised)". Yahoo Finance. 2014-11-20. Retrieved 2024-08-02.
  9. ^ Brown, Rodney (9 December 2011). "Vistaprint to acquire Webs.com for $118 million". American City Business Journals.
  10. ^ "Vistaprint to Acquire Dutch Firm - Analyst Blog". 19 February 2014. Retrieved 19 February 2014.
  11. ^ Nias, Simon. "Vistaprint acquires Pixartprinting in €127m deal". Archived from the original on 1 July 2017. Retrieved 3 April 2014.
  12. ^ Mac, Ryan. "American Investors Find Brazilian Comfort In Exit From Printing Startup Printi". Forbes. Retrieved 2024-06-25.
  13. ^ "Cimpress to Acquire National Pen". Ink World. Retrieved 2024-06-25.
  14. ^ Ali, Fareeha (2018-09-25). "Cimpress acquires online-only retailer BuildASign". Digital Commerce 360. Retrieved 2024-08-02.
  15. ^ Cronin, Mike. "Vistaprint owner acquires BuildASign for $280M". www.bizjournals.com. Retrieved 2019-02-22.
  16. ^ Central, A. S. I. (2018-08-29). "Cimpress Makes Majority Equity Investment in VIDA & Co". www.asicentral.ca. Retrieved 2024-06-25.
  17. ^ 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.