Electronics for Imaging

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Electronics for Imaging, Inc.
TypePrivate
Nasdaq: EFII
IndustryDigital Imaging Technology
Founded1989; 32 years ago (1989)
FounderEfi Arazi
Headquarters
Fremont, California
,
U.S.
Area served
Worldwide
Key people
Jeff Jacobson CEO
RevenueIncrease US$ 998 million (FY 2017)[1]
Increase US$ 45.5 million (FY 2016)
Number of employees
3600+ (2018)
Websiteefi.com

Electronics for Imaging, Inc. (EFI) is an international company based in Silicon Valley that specializes in digital printing technology. Formerly located in Foster City, California, the company is now based in Fremont. On July 1, 2015, EFI entered the textile printing marketing with the acquisition of Italian digital textile company Reggiani Macchine.[2] On June 16, 2016, EFI acquired Optitex, a 3D digital workflow provider.[3]

EFI was founded in 1989 in San Francisco by Israeli businessman Efi Arazi[4] and is known for producing the Fiery print server, a raster image processor used throughout the printing industry.

Controversy[]

In October 2014, the U.S. Labor Department's wage and hour division in San Francisco fined the company $3,500 and ordered it to pay more than $40,000 in back wages after it had employed eight people at its new location in Fremont and paid the workers $1.21 per hour to install the computer network. California minimum wage was then $8.00 an hour.[5][6] The employees, IT technicians, were flown in from Bangalore, India to help with the company's relocation to Fremont and were paid in rupees. The company said it was an "administrative error". EFI's vice president of HR Shared Services, Beverly Rubin, said, "During this assignment, they continued to be paid their regular pay in India, as well as a special bonus for their efforts on this project." She added, "During this process we unintentionally overlooked laws that require even foreign employees to be paid based on local U.S. standards."[5][7][8][9]

Some of the employees were reported to have worked 122 hours a week setting up the network.[9] The day before news of the labor violation was reported, the company posted record revenues of nearly $198 million, an 11 percent increase over the previous year.[10] Michael Eastman, assistant district director with the United States Department of Labor, said that the labor abuses at the company were among the worst he had ever seen, even surpassing Los Angeles sweatshops.[5] According to the Associated Press, CEO Guy Gecht earns just under $6 million, including salary and bonuses.[5]

The controversy precipitated a flurry of comments from local politicians. Mike Honda, Congressman from San Jose and a Democrat, issued a statement that EFI's human resources practices "constitute the most egregious type of wage theft and employee abuse. They undermine fair labor competition among businesses, and if left unaddressed would erode the idea that this is an economy of opportunity."[11] Honda indicated that current penalties are not sufficient to deter unscrupulous employers from engaging in wage abuses, and need to be increased. CEO Guy Gecht, had been a major contributor to the campaign of Ro Khanna, Honda's opponent, but Gecht's name was removed from Khanna's endorsement list after news of the labor violations broke. Tyler Law, a spokesman for Khanna noted, "The inexcusable exploitation by Electronics for Imaging goes against everything that Silicon Valley stands for."[11]

References[]

  1. ^ 45 (2019-06-11). "Electronics for Imaging Inc. (EFII) and NICE Ltd. (NASDAQ:NICE) Comparing side by side | New Business Observer". NBO news. Retrieved 2019-06-18.CS1 maint: numeric names: authors list (link)
  2. ^ "EFI acquires Reggiani and Matan; enters textile market". www.printweek.in. Retrieved 2019-06-18.
  3. ^ Press, Viva Sarah. "EFI acquires Optitex in $52.8 million deal". Israel21c. Retrieved 2019-06-18.
  4. ^ Michelson, Mark. "Efi Arazi, founder of digital printing firms Scitex and EFI, dies". Printing Impressions. Retrieved 2019-06-18.
  5. ^ a b c d Michael Liedtke, "US tech firm penalized for mistreatment of Indian employees working 122 hours in a week" Archived 2014-10-24 at the Wayback Machine Star Tribune. 2014-10-23. Retrieved 2014-10-24.
  6. ^ As of July 2014, the minimum wage in the state of California is $9.00 per hour. "Minimum Wage" State of California Department of Industrial Relations. Retrieved 2014-10-24
  7. ^ Ben Gilbert, "Bay Area tech company caught paying imported workers $1.21 an hour" engadget.com October 2014. Retrieved 2014-10-23.
  8. ^ "Angel Awards - The Top 10". Image Reports. 2009-12-16. p. 20. Retrieved 2010-01-29.
  9. ^ a b "Workers paid $1.21 an hour to install Fremont computers". October 2014. Retrieved 2014-10-23. Cite magazine requires |magazine= (help)
  10. ^ "EFI Reports Record Revenue of $198M for Q3, Up 11 Percent Compared to Q3 of Previous Year" Printing Impressions. 2014-10-22. Retrieved 2014-10-23.
  11. ^ a b Josh Richman, "CA17: Honda blasts firm fined for wage theft" Bay Area News Group. 2014-10-23. Retrieved 2014-10-24.

External links[]

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