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Industry News : ZINK Closes $35 in Financing, Expands Executive Team with Co‐CEOs

Move to Propel Growth and Fuel Development of Next-Generation Technology

December 7, 2011
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Bedford, MA—ZINK Imaging Inc., inventors and manufacturers of ZINK Zero Ink Printing technology and ZINK paper, closed $35 million in series B financing led by Genii Capital. The company also announced the hiring of former board members and industry veterans Mary Jeffries, as chairman and co‐CEO, and Ira Parker, as president and co‐CEO.

“Genii Capital is delighted to have led this financing. We believe that ZINK Imaging’s technology is the future of printing. It will transform the critical role printing plays in key markets such as cloud computing and on‐demand hard communication,” said Christian Frampton, of Genii Business Exchange. “Over the past six years, ZINK Imaging’s talented team has pioneered a unique technology, business model, in the future.”

Gerard Lopez, cofounder and managing partner of Mangrove Capital Partners and member of ZINK Imaging’s board, said: “ZINK will be organized around co-CEOs to be best positioned for future growth. Both Mary and Ira have strong backgrounds in business and will form an experienced partnership to lead ZINK Imaging into its next stage of development.”

Mary Jeffries has over 30 years’ experience working with management teams on their challenges of aligning operations with strategic initiatives and growing companies. Her career has spanned public accounting, executive level corporate positions and professional consulting. Jeffries has worked in or with emerging growth and global companies, new ventures and owner‐managed firms. Before taking on this role, she was a principal at Acuity Strategic Consulting. Prior to that she was CEO of Polaroid Corporation. Previously, Jeffries was general partner and chief operating officer for St. Paul Venture Capital, a large early stage venture capital firm.

Ira Parker has over 30 years of experience in business, government and legal organizations. He is the former executive vice president, Corporate & Business Development, and general counsel for AOL Inc., where he oversaw the organizations that drove mergers and acquisitions, new investment and business opportunities, strategic transactions and key partner relationship management for AOL. Parker joined AOL in 2006 from Polaroid, where he served as vice president and general counsel, corporate secretary and chief compliance officer. Previously, he served as president and CEO of Genuity, Inc., a leading Internet infrastructure services provider formerly known as GTE Internetworking.

“Over the past six years, we’ve watched the company and the technology grow and mature,” Ira Parker and Mary Jeffries said in a joint statement. “Today is a watershed moment that will enable ZINK to touch new markets and expand the capabilities of our technology. We are excited about the future partners, new applications, and the breakthroughs that are happening in our labs.” zink.com

 

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