Formerly the wide-format printing division of Scitex Corporation, Scitex Vision was spun off as Scitex Wide Format Printing Ltd. and later renamed. The company merged with Aprion Digital in January 2003. Scitex Vision is headquartered in Israel and has 460 employees around the world. For fiscal year 2004, Scitex Vision’s revenues were $128.2 million, compared to $102.9 million in 2003, reflecting a 25% increase. Operating income was $9 million in 2004, compared to an operating loss of $8.3 million in 2003. Scitex Vision had net income of $4.7 million in 2004, compared to a net loss of $13.6 million in 2003.
Beyond Scitex Corporation, Scitex Visions other shareholders include Ricoh Printing Systems, IBM, Toyo Ink, Clal Electronics, Discount Investments Corp, Hapoalim Nechasim (Menayot), Israel Infinity Venture Capital Funds, Optical Disc Decoration Ltd., and The Technology and Growth Funds.