EFI to Acquire Raster Printers

EFI (NASDAQ:EFII), the world leader in customer-focused digital printing innovation, today announced that it agreed to acquire the remaining interest in Raster Printers it does not currently own for approximately $3 million in net cash proceeds plus an additional cash earn out amount that is contingent upon achieving certain performance targets. The transaction, which is expected to close in the fourth quarter of 2008, is expected to be immaterial to EFI’s revenues and earnings in Q4 2008.

Raster Printers, founded in 2004, offers a line of environmentally-friendly UV wide format printers, currently marketed under the brand name Daytona, targeted to mid-range customers in the display graphics market. Following the close of the transaction, the products will be marketed under the EFI Rastek brand name. Raster currently operates with a staff of approximately 20 employees out of its headquarters in San Jose, California.

"The acquisition of Raster will allow us to expand our product line and offer a variety of price-point products, significantly increasing our addressable market,” said Fred Rosenzweig, president of EFI. "It will also allow us to further leverage our sales force and distribution channels, while solidifying our position as the leading provider of wide-format UV inkjet technology.”

"Being part of the EFI group will help us deliver the highest quality solutions and provide our customers with a portfolio of new, powerful products to assist in their success and profitability,” said Rak Kumar, president of Raster Printers.

About EFI

EFI (www.efi.com) is the world leader in customer-focused digital printing innovation. EFI's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The company's robust product portfolio includes Fiery® digital color print servers; VUTEk® superwide digital inkjet printers, UV and solvent inks; Jetrion® industrial inkjet printing systems; print production workflow and management information software; and corporate printing solutions. EFI maintains 26 offices worldwide.

Safe Harbor for Forward Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements in this press release include: ”The transaction, which is expected to close in the fourth quarter 2008, is expected to be immaterial to EFI’s revenues and earnings in Q4 2008”; "Following the close of the transaction the products will be marketed under the Rastek brand name”; "The acquisition of Raster will allow us to expand our product line and offer a variety of price-point products, significantly increasing our addressable market”; "It will also allow us to further leverage our sales force and distribution channels, while solidifying our position as the leading provider of wide-format UV inkjet technology” and "Being part of the EFI group will help us deliver the highest quality solutions and provide our customers with a portfolio of new, powerful products to assist in their success and profitability.”

Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially, or cause a material adverse impact on our results, which include, but are not necessarily limited to, the following: (1) management's ability to forecast revenues, expenses and earnings, especially on a quarterly basis; (2) unexpected declines in revenues or increases in expenses; (3) any additional costs and expenses related to the investigation into the Company’s past stock option grants and stock option grant practices; (4) current world-wide financial, economic and political difficulties and downturns, including the ongoing contraction in credit, and adverse variations in foreign exchange rates, that could affect demand for our products, as well as the risk of bank failures, insolvency or illiquidity of other financial institutions and other adverse conditions in financial markets that could cause a loss of our cash deposits and invested cash and cash equivalents; (5) a significant decline or delay in demand for our products by any of our important OEM partners; (6) the unpredictability of development schedules and commercialization of the products manufactured and sold by our OEM partners; (7) variations in growth rates or declines in the printing and imaging markets across various geographic regions; (8) changes in historic customer order patterns, including changes in customer and channel inventory levels; (9) changes in the mix of products sold leading to variations in operating results; (10) the uncertainty of market acceptance of new product introductions; (11) delays in product deliveries that cause quarterly revenues and income to fall significantly short of anticipated levels; (12) competition and/or market factors, which may adversely affect margins; (13) competition in each of our businesses, including competition from products internally developed by EFI's customers; (14) excess or obsolete inventory and variations in inventory valuation; (15) intense competition in the industrial and commercial digital inkjet market; (16) the uncertainty of continued success in technological advances, including development and implementation of new processes and strategic products; (17) the challenges of obtaining timely, efficient and quality product manufacturing; (18) litigation involving intellectual property rights or other related matters; (19) our ability to successfully integrate acquired businesses, without operational disruption to our existing businesses; (20) the potential that investments in new business strategies and initiatives could disrupt the Company’s ongoing businesses and may present risks not originally contemplated; (21) the potential loss of sales, unexpected costs or adverse impact on relations with customers or suppliers as a result of this and other acquisitions; (22) differences between the financial results as filed with the SEC and the preliminary results included in our earnings press releases due to the complexity in accounting rules; and (23) any other risk factors that may be included from time to time in the Company's SEC reports.

The statements in this press release are made as of the date of this press release. EFI undertakes no obligation to update information contained in this press release. For further information regarding risks and uncertainties associated with EFI's businesses, please refer to the section entitled "Factors That Could Adversely Affect Performance" in the Company’s SEC filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q, copies of which may be obtained by contacting EFI's Investor Relations Department by phone at 650-357-3828 or by email at investor.relations@efi.com or EFI's Investor Relations website at http://www.efi.com.

NOTE TO EDITORS: EFI, Fiery, VUTEk and Jetrion are registered trademarks of Electronics For Imaging, Inc. in the U.S. Patent and Trademark Office and/or certain other foreign jurisdictions. All other trademarks mentioned in this document are the property of their respective owners.