X-rite Inc trades in the stock market as ticker XRIT. Business Summary & Profile For X-rite Inc.

X-rite Inc

X-Rite, Incorporated, a technology company, develops a range of color management systems primarily in the United States, Europe, and Asia. The company offers various management solutions comprising hardware, software, and services. Its products include colorimeters, which measure light using red, green, and blue receptors, as well as measure printed colors on packages, labels, textiles, and other materials; spectrophotometers used in predicting color formulation of materials, such as plastics, paints, inks, ceramics, and metals; densitometers that measure optical or photographic density; spectrodensitometers, which provide measurements for monitoring color reproduction used for controlling the color of printed inks in graphic arts applications; and sensitometers used to expose various types of photographic film for comparison to a reference standard. The company also offers software and databases that allow the users to collect and store color measurement data, compare that data to established standards and databases, communicate color results, and formulate colors from a database. In addition, it provides products for the communication and reproduction of color, digitally or in print; and support services, which offer customers access to color professional specialists, training, and technical support through color seminars, classroom workshops, on-site consulting, and interactive media development, as well as service repair operations. The company serves printing, packaging, photography, graphic design, video, automotive, paints, plastics, textiles, and dental and medical markets through sales personnel, independent sales representatives, and dealers. It has a collaboration agreement with BASF. The company was founded in 1958 and is headquartered in Grand Rapids, Michigan.
746 Employees
Last Reported Date: 03/17/11
Founded in 1958
LAST $4.61 USD
CHANGE TODAY -0.07 -1.50%
As of 8:09 PM 02/21/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of X-RITE INC (XRIT)

04/4/11 - $5.08
09/22/11 - $3.26
K = Thousands  M = Millions  B = Billions

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Key developments for X-RITE INC (XRIT)

X-Rite Announces Partnership with Viki Solutions

X-Rite, Incorporated and Viki Solutions has announced that Viki has chosen X-Rite as a premier partner to add value to its software proofing systems. As part of this agreement, Viki now offers bundled solutions that combine X-Rite's latest i1 color management solutions and light booths with their Vproof API and Vproof Workflow products. Through this agreement, print and marketing service providers, as well as digital asset, business process and brand management system providers can implement end-to-end calibrated soft proofing workflows.

X-Rite Names Vic Stalam as Senior Vice President of Sales and Marketing

X-Rite, Incorporated announced the appointment of Vic Stalam as Senior Vice President of Sales and Marketing overseeing all sales, marketing and services activities for the Americas and EMEA regions, and serve on X-Rite's senior leadership team as a corporate officer. Stalam will be based in Grand Rapids, Mich. and report directly to Thomas J. Vacchiano, Jr., Chief Executive Officer of X-Rite. Most recently, Stalam served as the Vice President, Commercial Sales in the U.S. and Canada for the Eastman Kodak Company. His team was responsible for selling the complete portfolio of Kodak products and solutions delivering approximately $1 billion in revenue.

X-Rite, Incorporated Launches NetProfiler 3.0 Software

X-Rite, Incorporated is helping customers to streamline their workflows with the next generation of its popular NetProfiler software that can verify, optimize, and certify handheld and benchtop spectrophotometers used at locations worldwide on a regular basis. With the new NetProfiler 3.0, companies can calibrate spectrophotometers in design departments, on factory floors and in test labs to a single virtual standard, ensuring that color measurements taken at distant locations are accurate and reliable throughout the supply chain. Over the past few years, X-Rite's earlier version of NetProfiler has become the standard in textiles, plastics, packaging and coatings industries to optimize the performance of benchtop spectrophotometers that all experience some data drift over time due to age and use. NetProfiler 3.0 now extends the power of profiling to handheld devices with embedded profiling capabilities. Another feature of NetProfiler 3.0 is its capability to profile new families of devices such as sphere-based instruments like the Ci52 for industrial applications. For companies in the graphic arts industry that use the SpectroEye spectrophotometer, NetProfiler 3.0 provides a profiling solution for graphics arts workflow. NetProfiler 3.0 can help customers by providing: confidential reports that detail instrument performance, compliance status by location and instrument, relationships between color partners, and local auditing and certification; ways to exchange comparative color data easily anywhere in the world with business partners that may have various types of color-measurement instruments; and, new cost-effective ceramic calibration media providing equivalent performance to BCRA-II tiles. With two formats optimized for benchtop or handheld spectrophotometers, the new calibration media offers significantly improved spatial uniformity, consistent targeting, and improved performance -- particularly for smaller aperture devices. The improved calibration media allows the number of color standards to be reduced, streamlining the profiling process.

XRIT Competitors

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Industry Analysis

Valuation XRIT Industry Range
Price/Earnings 48.2x
Price/Sales 1.7x
Price/Book 1.8x
Price/Cash Flow 47.3x
TEV/Sales 1.0x



XRIT transactions

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