Cimpress

Cimpress N.V.
Formerly called
 Bonne impression
(1995–1999)
Vistaprint (1999–2014)
Traded as NASDAQ: CMPR
Industry Mass customization
Founded 1995
Headquarters Venlo, Netherlands
Key people
 Robert Keane, Chairman/CEO
Products Print, signage, apparel, gifts and more
Brands Albelli
Drukwerkdeal
Exagroup
Pixartprinting
Vistaprint
Webs and others
Revenue $1.78 billion (FY16)
Number of employees
 10,000
Website cimpress.com

Cimpress N.V. is a Dutch company that produces products that can be customized including: printed marketing materials, signage, photo products, embroidered apparel and promotional products. The company uses mass customization methods to make small quantities of individually customized goods affordable. Those products are sold to small businesses, graphic designers and consumers[1] through a number of customer-facing brands that Cimpress operates.

Business operations

Cimpress is based in Venlo, Netherlands and employs 10000 people globally across manufacturing, marketing, technology, software development, sales and support functions.[2] It has offices and manufacturing facilities throughout Europe, North and South America, India, Australia, Philippines, China and Japan.[1]

Through the use of its own patented technology, Cimpress aggregates, via the Internet, large volumes of small, individually customized orders for a broad spectrum of print, signage, apparel and similar products.[1]

History

The company was founded under the name Bonne Impression in 1995 in Paris, France by current President and CEO Robert Keane.[3] 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.[3]

This was followed by its initial public offering in 2005 when it began trading on the Nasdaq under VPRT.[4] The company built its first manufacturing facility in Venlo, the Netherlands, in 2003.[5] This was followed by a North American production facility in Windsor, Ontario, Canada, in 2005.[6] It continued to expand its operations, opening manufacturing plants in Deer Park, Australia and Bhiwandi, India, and numerous offices around the world.

In November 2014, the company changed its name from Vistaprint N.V. to Cimpress N.V. to clarify the distinction between the corporate entity's manufacturing platform and the company’s portfolio of customer-facing brands.[1]

Acquisitions

Cimpress has acquired several companies that specialize in online printing and mass customization.

In November 2011, Cimpress acquired Albumprinter, 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.[7]

In 2014, Cimpress acquired People & Print Group (renamed Printdeal as of January 1, 2015), an online printing company based in Deventer, Netherlands.[8] In the same year, it acquired Pixartprinting, an online printing company based in Quarto d'Altino, Italy.[9]

In 2015, Cimpress acquired three additional online printing companies in Europe: Druck.at, Easyflyer, Exaprint and Tradeprint.[1]

In 2016, Cimpress acquired German online printing company WIRmachenDRUCK, x`x[10] and San Diego-based National Pen Company.[11]

Manufacturing

Cimpress has manufacturing facilities in North America, South America, Asia, Europe and Australia, totaling over 140,000 square meters (1,500,000 square feet) of manufacturing space.[1] In 2016, the company opened its first US manufacturing plant in Reno, Nevada.[12]

Shared Manufacturing Platform

The company holds more than 220 patents, many of which are related to printing and computer integrated manufacturing.[1] Its manufacturing capabilities are organized into one shared platform that is leveraged across all of its customer-facing brands. This shared mass customization platform is a combination of its own production facilities and its network of partners, suppliers and fulfillers. Cimpress produces a variety of products that are brought to market via a portfolio of customer-focused brands. Its product categories include: marketing materials, business cards, brochures, stationery, invitations and announcements, calendars, photobooks, promotional products, signage, flags and banners, embroidered apparel, packing and other consumer photo products.

Partnerships

In 2015, the company began outsourcing certain aspects of its manufacturing to broaden its product offering and to increase its ability to serve local customers quickly.

Brands

Cimpress sells its products through several customer-facing brands that include:[1]

References

  1. 1 2 3 4 5 6 7 8 "Form 10-K". Cimpress Investor Relations. Retrieved 15 August 2015.
  2. ↑ "Q3 2016 Financial and Operating Metrics". ir.cimpress.com. Cimpress. Retrieved 28 April 2016.
  3. 1 2 "From Startup To 500 Million Dollars: VistaPrint CEO Robert Keane". One Million to One Million. Retrieved 15 September 2015.
  4. ↑ "Initial Public Offering Filing". NASDAQ. Cimpress Investor Relations. Retrieved 30 September 2005.
  5. ↑ "VistaPrint Proposes Change in Place of Incorporation from Bermuda to the Netherlands". Sec.gov. Securities and Exchange Commission.
  6. ↑ "Form 10-Q". Cimpress Investor Relations. Cimpress.
  7. ↑ Brown, Rodney (9 December 2011). "Vistaprint to acquire Webs.com for $118 million". American City Business Journals.
  8. ↑ "Vistaprint to Acquire Dutch Firm - Analyst Blog". 19 February 2014. Retrieved 19 February 2014.
  9. ↑ Nias, Simon. "Vistaprint acquires Pixartprinting in €127m deal". Retrieved 3 April 2014.
  10. ↑ "Form 8-K". ir.cimpress.com. Cimpress Investor Relations. Retrieved 1 February 2016.
  11. ↑ Cox, John (12 December 2016). "National Pen Co. Acquired by Dutch Firm for $218 Million". San Diego Business Journal. Retrieved 10 January 2017.
  12. ↑ Sally, Roberts (7 November 2016). "Cimpress, mass-customization printing company, is coming to Reno". Northern Nevada Business Weekly. Retrieved 10 January 2017.
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