Cimpress N.V. (Nasdaq: CMPR ) has made a strategic investment in CloudLab AG, a fast growing German based software provider.
Without much press hype, the news fluttered into the company’s own newsletter: Cimpress has made a strategic investment in CloudLab AG, it said, in order to make the cooperation even closer in the future. But what is the background to the strategic partnership and what will it change for the software developer’s existing customers?
Marc Horriar (CEO of CloudLab AG) had following to say:
“We have been working with Cimpress for a very long time. They have been a customer of ours for many years and use our technologies in various products and different markets. So it has evolved. Ultimately, they approached us because they want to rely more centrally on our products in the future – and yes, also save on licensing costs. In the past, and especially during the Corona period, private equity companies have knocked on our door from time to time to ask us whether we would like to sell our company or parts of it, but we were never really convinced. Cimpress was exciting in this respect, precisely because they were already our customer and ideologically it had always been a good match”
About Cimpress
Cimpress N.V. (Nasdaq: CMPR ) is a 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. Cimpress businesses include Vistaprint, 99designs, WirMachenDruck, Crello, National Pen, Depositphotos, Pixartprinting and many more.
About CloudLab AG
CloudLab AG (founded in 2013 by Marc Horriar, Herbert Bischof and Ionut Berescu) is a company which provides Web to Print, Web to Pack & Web to Publish solutions.
source: https://www.beyond-print.net/news-cimpress-invests-in-cloudlab/
