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Siris Announces Sale of Fiery to Seiko Epson Corporation

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During its ownership period, Siris partnered with Fiery to expand product portfolio and deepen strategic partnerships

NEW YORK, Sept. 18, 2024 /PRNewswire/ — Siris (together with its affiliates, including Electronics for Imaging, “Siris”), a leading private equity firm focused on investing and driving value creation in technology companies, today announced the sale of Fiery, LLC (“Fiery”) to global technology leader Seiko Epson Corporation (“Epson”) in a transaction valued at approximately $591 million.

Fiery is a leading provider of digital front end (“DFE”) servers and workflow solutions for the growing industrial and graphic arts print sectors. Utilizing a combination of software and cloud-based technologies, Fiery has a demonstrated track record of delivering fast performance, stunning color and exceptional print quality across a broad range of production printing devices.

Fiery was acquired as part of Siris’ take-private acquisition of EFI in 2019. As part of its value creation strategy, Siris operationalized Fiery as an independent company in order to position it for a strategic exit. The divestiture of Fiery is the second carveout that Siris has completed from the broader EFI portfolio, after previously selling eProductivity Software to Symphony Technology Group, announced in 2022.

“Since our investment in Fiery in 2019, Toby and the team have grown the company’s leadership position in the DFE market, making significant progress expanding the product portfolio and deepening strategic partnerships,” said Frank Baker, a Co-Founder and Managing Partner at Siris. “Our partnership with Fiery is a great example of how we partner with management teams to drive value and position companies for continued long-term success. We look forward to seeing how the company continues to thrive with Epson moving forward.”

Mr. Baker added, “Post separation and divestiture of Fiery and eProductivity Software, EFI is now a streamlined, leading provider of industrial inkjet solutions for the display graphics, packaging and textiles industries with a broad range of printers, inks and service capabilities. We will continue to support EFI as it drives the exciting digital printing transition across a broad range of industrial end markets globally.”

“With Siris’ partnership and investment, we successfully raised the standards of digital printing excellence across a diverse range of operating segments,” said Toby Weiss, Chief Executive Officer of Fiery. “We are thrilled to embark on our next phase of growth alongside Epson, as we continue to provide our customers with dynamic solutions for their digital printing needs.”

The transaction is expected to close within 2024, subject to customary closing conditions including required regulatory approvals. Upon transaction close, Fiery will become part of the Epson group, retain its current name and organizational structure and continue to operate from its existing offices.

DC Advisory and UBS Investment Bank acted as exclusive financial advisors to EFI in connection with the sale of its interests in Fiery, LLC to Seiko Epson Corporation. Sidley Austin LLP served as legal advisor to Siris.

About Siris

Siris is a leading private equity firm that targets control investments in companies that provide mission-critical technology infrastructure. Siris leverages its network of exclusive Executive Partners to identify opportunities and drive strategic and operational value. Siris is based in New York and West Palm Beach and has approximately $7 billion in assets under management as of December 31, 2023. https://siris.com/

About Fiery

Fiery is the leading provider of digital front ends (DFEs) and workflow solutions for the global print industry. With a customer base that includes over 2 million DFEs sold worldwide, Fiery’s industry-leading software and cloud-based technologies deliver the best possible performance, color, and print quality across a broad range of production printing devices. 

Fiery’s innovative solutions empower commercial print, industrial, packaging, signs and display graphics, ceramics, building materials, textiles, and more. Through over 30 years of excellent support and service, Fiery has built an unmatched community of customers, dealers, and partners. 

Forward-Looking Statements

Except for historical information, all other information in this communication consists of 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 forward-looking statements, and related oral statements Siris may make, are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied.  For example, (1) conditions to the closing of the transaction may not be satisfied, (2) the timing of completion of the transactions is uncertain, (3) the business of Fiery may suffer as a result of uncertainty surrounding the transaction, (4) events, changes or other circumstances could occur that could give rise to the termination of the agreement, (5) there are risks related to disruption of the management’s attention from the ongoing business operations of Fiery due to the transaction, (6) the announcement or pendency of the transaction could affect the relationships of Fiery with its clients, operating results and business generally, including on the ability of Fiery to retain employees, (7) the outcome of any legal proceedings initiated against Fiery following the announcement of the transaction could adversely affect Fiery, including the ability to consummate the transaction, and (8) Fiery may be adversely affected by other economic, business, and/or competitive factors, as well as management’s response to any of the aforementioned factors.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere. Siris does not undertake any obligation to update, correct or otherwise revise any forward-looking statements.

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SOURCE Siris Capital Group, LLC

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Fractal delivers its first ever $100 million revenue quarter, reports EBITDA growth of 71% YoY

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November 4, 2026

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Fractal Q2 Net Income Jumps 139% on revenue growth of 20%

NEW YORK, Nov. 4, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL), an enterprise AI company that builds its own AI models, platforms and products for Fortune 500® organizations, announced its consolidated financial results for Q2 FY27, ending September 30, 2026.

In Q2 FY27, the Company reported consolidated operating revenue of INR 9,565 m, a growth of 20% year on year (YoY) and 10% in constant currency terms YoY. Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 79% growth YoY. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 30% YoY in Q2 and the company has delivered strong sustained growth in HLS and BFSI over the last several quarters. Fractal’s largest industry vertical, Consumer Packaged Goods and Retail (CPGR), grew 11% YoY. TMT saw strong sequential recovery with 6% QoQ growth. Fractal’s products, including the Cogentiq agentic AI platform, reached an annual revenue run-rate of over INR 1,500 m, up 39% YoY.

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention1 of 115% in Q2. Further, its Net Promoter Score (NPS) during the period stood at 76.

The company reported improved profit margins at all levels. Adjusted EBITDA Margin expanded by 123 bps2 YoY to 16%. Net Income grew 139% YoY to INR 792 m.

Commenting on the performance, Srikanth Velamakanni, Co-founder and Group CEO of Fractal said:
“AI models are getting more capable every week and cheaper every quarter. Within the next few quarters, we will cross a threshold where it becomes irresponsible and downright risky for companies to leave their most important decisions unchanged. We are building Fractal for that moment, and this quarter shows it: revenue crossed $100 million and net income more than doubled.”

About Fractal 

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is an enterprise AI company with a vision to power every human decision in the enterprise. Fractal builds AI models, platforms and products, and engineers them into the critical decisions of Fortune 500® organizations. Fractal’s strategy is focused on three pillars: AIT, which rebuilds business workflows and decisions with AI; AIF, which builds the trusted, governed data and knowledge layer that enterprise AI reasons with; and AIW, which helps organizations redesign work, develop AI-ready talent, and build the capabilities needed for the AI-native enterprise. All three pillars are powered by Cogentiq, Fractal’s flagship agentic AI platform.

With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, and its research team builds its own models, including the Fathom reasoning models. Fractal was selected under the IndiaAI Mission to build a large reasoning model for India. Its models and products include Vaidya.ai, whose Vaidya 2.0 model was the first to score above 50 on OpenAI’s HealthBench (hard), and PiEvolve. Fractal also incubated and spun out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke. Fractal’s businesses also include Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

For more information, go to www.fractal.ai.

1 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions

2 Basis points = 1/100th of 1%

 

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Virse Accelerates E-Commerce and Apparel Design Workflows

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November 4, 2026

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BENGALURU, India and DOVER, Del., Nov. 4, 2026 /PRNewswire/ — Virse provides a connected AI creative system for India’s D2C brands, e-commerce sellers, apparel exporters, and digital agencies. The platform brings 50+ AI models, commercial design tools, and shared asset folders into one visual workspace.

Virse places project briefs, reference photos, AI models, and editing tools on a node-based canvas. Its Aesthetic Memory engine learns a brand’s palette, lighting, and style preferences. That visual context then carries across catalog updates and seasonal campaigns.

For Indian commerce teams and creative studios managing high-volume schedules, one master visual can branch into a full multi-channel campaign. Apparel and textile designers extract repeatable motifs from fabric samples with the pattern extractor and turn garment sketches into production flats using the AI line art generator. D2C and FMCG brands preview boxes, pouches, and bottles with the dieline to 3D mockup tool, adapt one product photo into multiple marketplace angles through the AI image variation generator, and keep lighting consistent across product lines via color grade transfer.

Designers begin by dropping product photos or moodboards onto a canvas and briefing Virse Composer in plain language. Teams draw connections from any node to test new backgrounds, materials, or regional formats side by side, then save finished visuals and Smart Nodes in shared Asset Folders.

“Commercial design and e-commerce teams in India work on fast production schedules where brand consistency matters,” said a spokesperson for Virse. “Virse gives studios and sellers one canvas to take a concept from initial reference to marketplace-ready visuals.”

Designers and studios can start free with 200 compute credits at virse.ai, with daily free top-ups and team workspaces for up to 50 seats.

About Virse

Virse is an AI creative system built for professional design teams, studios, and e-commerce brands. The platform unites Creative Canvas, Aesthetic Memory, Virse Composer, and 50+ AI models in one continuous workflow.

Media Contact:
Virse Media Relations
Email: support@virse.ai 
Website: https://www.virse.ai/

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Metiz by Centelon Positioned as a Major Contender in Everest Group’s Process Orchestration Products PEAK Matrix® Assessment 2026

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November 4, 2026

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Second consecutive year of recognition as enterprises shift from deterministic workflows to governed orchestration across people, automations and AI agents

MELBOURNE, Australia, Nov. 4, 2026 /PRNewswire/ — Centelon Group today announced that Metiz by Centelon, its governed agentic application platform, has been positioned as a Major Contender in Everest Group’s Process Orchestration Products PEAK Matrix® Assessment 2026, released in September 2026. The assessment evaluated 27 process orchestration technology providers on two dimensions: vision and capability, and market impact. This is the second consecutive year Metiz has been recognized in the assessment, following its inclusion in 2025.

Everest Group’s research finds that process orchestration is moving beyond deterministic workflow execution toward adaptive, AI-enabled orchestration. Providers are increasingly coordinating AI agents, digital workers and people within a single process context. The research also points to growing emphasis on shared context and memory, governance, and human oversight for agentic workflows.

That shift is changing how enterprise workflows are authored, verified and deployed. Work that process teams once designed and software executed is now shared among people, automations and AI agents. As those agents take on more of the work, enterprises need a way to keep execution predictable, traceable and under human control.

Metiz 2.0 is built for that requirement. It is a Governed Agentic Platform with a deterministic runtime at its core and an MCP-native architecture. Multi-agent coordination, shared memory and human-in-the-loop oversight operate within predictable, auditable execution. Enterprises use Metiz to design, verify and deploy their own workflows, products and solutions, and to move agentic AI from pilots into everyday operations.

Key capabilities of Metiz 2.0 include:

Deterministic runtime: Agentic workflows run with predictable, auditable execution, so teams can see and verify what happened at each step.Multi-agent coordination: AI agents, automations and people work within a shared process context, with shared memory across the workflow.Human-in-the-loop oversight: People review, approve or step in at the points where judgment and accountability matter.Governance built in: Controls are part of how workflows are authored and deployed, not added after go-live.

“Being recognized by Everest Group for the second year running reinforces a conviction we have held from the start: enterprise AI needs strong governance to scale confidently in production,” said Ashutosh Jadhav, CEO of Sibiliti, a Centelon Group company. “As agentic workflows become more capable, operational control becomes more important, not less. That is what we are building Metiz for: giving enterprises the confidence to take agentic AI from experimentation into the processes they run every day.”

To learn how Metiz by Centelon helps enterprises design and deploy governed agentic workflows, visit www.metiz.ai.

About Metiz by Centelon

Metiz by Centelon is an AI-native, zero-code Governed Agentic Platform for the enterprise. AI turns plain-English requirements into versioned, human-readable blueprints, and a deterministic runtime executes them, so every application is audit-ready from its first transaction. One blueprint generates both a browser interface for people and a governed MCP tool surface for AI agents, sharing one runtime, one security model and one audit trail. Metiz takes teams from idea to governed application in as little as 30 minutes, with no code and no DevOps. It leads in banking, lending and asset management, is designed for APRA, ASIC and RBF regulatory environments, and also serves healthcare, government and public sector, non-profits, and energy and utilities. Learn more at www.metiz.ai.

About Centelon Group

Centelon is a diversified technology group serving governments and businesses across industry verticals. With 10 offices across Australia, India, Singapore and the United States, more than 400 employees and over 100 customers, the group spans IT solutions, IT and business services, technology products, solutions for government, robotics and retail. Its products include Metiz by Centelon and Finnate, a fintech platform for banking and lending. Centelon has been recognised among Australia’s fastest-growing companies and invests in and incubates new ventures in areas including space, retail and robotics. Learn more at www.centelon.com.

Media Contact: contact@metiz.ai

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