Creo has invested 16.4m in PrintCafe as part of a 27.5m investment in the MIS and e-commerce firm.

The investment is part of Creos strategy to develop its Networked Graphic Production concept, linking the whole print creating, buying and production process via the internet.

We are developing products to provide greater efficiency throughout the entire production process, PrintCafe is an integral part of that solution, said Creo chief executive Amos Michelson.

Creos investment has resulted in it increasing its interest in the company from 17% to 40%. It has also gained a second seat on the board, joining Michelson who continues as chairman of the board.

PrintCafe is using the money to pay off existing debt, including payment to Constellation Software for Logic Associates, the MIS firm it bought in April 2000 and for working capital. We believe that our investors confidence in PrintCafe is a direct reflection of our people, our technology and the viability of our market, said PrintCafe chief executive Marc Olin.

Story by Barney Cox