EFI founder passes away

Efraim “Efi” Arazi, the founder of EFI and Scitex, passed away on April 14, 2013 at the age of 76.

 

Arazi created EFI in 1988 after a 20-year career as the founder, president and CEO of Scitex Corporation.

 

Arazi is widely considered to be the father of Israel's high-tech industry for his role with Scitex. In the late 1960s, Arazi also worked with NASA while studying at MIT, developing the camera used to broadcast the Apollo 11 moon landing in 1969.

 

Arazi's original EFI Fiery product line is the world's leading digital colour workflow technology, with more than 20 million Fiery users worldwide. EFI has grown to more than US$652 million in annual revenues and manufactures award-winning digital color printing workflow products, MIS and ERP systems and inkjet printing technology.

 

Arazi served as chairman, president and CEO of EFI from 1988 until 1994

 

Arazi completed an initial public offering for EFI in 1992. In 1994, Fortune magazine named EFI the nation's fastest-growing public company.

 

Guy Gecht, EFI’s current CEO, said: ‘We are all deeply saddened by the passing of our founder and one of the most influential leaders in the history of our industry, and we send our sympathies and condolences to Efi's family.

 

‘Though no longer with us, Efi's spirit of entrepreneurship, brilliant creativity and love of innovation will always remain at EFI.’

 

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