Framingham, Mass. -- Staples Inc. said on Monday that it has agreed to buy PNI Digital Media, Canadian company whose software platform enables retailers to sell such personalized products as photo books, calendars, business cards, documents, wedding invitations, and stationery. The cash transaction is valued at approximately C$73.9 million ($67.5 million).
PNI’s software powers both online and in-store platforms. Its retail clients include Costco and Walmart Canada.
“PNI’s technology gives customers easy access to the best personalized products and related services.” said Damien Leigh, senior VP, Staples Business Services. “As a part of Staples, we expect PNI to continue to innovate on an open platform and share their innovations with both their current customers and with Staples’ Business Services division.”
PNI is expected to operate independently and provide improved service for both its customers and partners by leveraging the strength of Staples. PNI expects to continue growing its customer base with Staples’ support while maintaining the necessary resources to consistently meet its customers’ needs.
"For years, our retailer partners have used our online, in-store kiosk software and mobile apps to successfully drive millions of orders and in-store visits," said Kyle Hall, CEO of PNI Digital Media. "With the support of Staples, we expect to significantly expand the services we offer for our retailers and partners."