Mimeo, Inc
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Mimeo.com, Inc. is a privately held
Print on demand Print on demand (POD) is a printing technology and business process in which book copies (or other documents, packaging or materials) are not printed until the company receives an order, allowing prints of single or small quantities. While oth ...
and
digital distribution Digital distribution, also referred to as content delivery, online distribution, or electronic software distribution, among others, is the delivery or distribution of digital media content (media), content such as Sound recording and reproductio ...
document company. It was the first to offer online printing and overnight delivery of complex documents and marketing materials. The company refers to itself as a technology company that prints. Customers utilize a proprietary online workflow connected to multiple print production, warehouse and distribution centers. Customers include small, mid-sized and large companies. The company was named after the
Mimeograph A mimeograph machine (often abbreviated to mimeo, sometimes called a stencil duplicator) is a low-cost duplicating machine that works by forcing ink through a stencil onto paper. The process is called mimeography, and a copy made by the pro ...
. Printing and distribution centers are located in
Memphis, Tennessee Memphis is a city in the U.S. state of Tennessee. It is the seat of Shelby County in the southwest part of the state; it is situated along the Mississippi River. With a population of 633,104 at the 2020 U.S. census, Memphis is the second-mos ...
,
Berlin Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitue ...
,
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
and
Huntingdon Huntingdon is a market town in the Huntingdonshire district in Cambridgeshire, England. The town was given its town charter by King John in 1205. It was the county town of the historic county of Huntingdonshire. Oliver Cromwell was born there ...
,
Cambridgeshire Cambridgeshire (abbreviated Cambs.) is a Counties of England, county in the East of England, bordering Lincolnshire to the north, Norfolk to the north-east, Suffolk to the east, Essex and Hertfordshire to the south, and Bedfordshire and North ...
,
England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...
.


History

Mimeo was founded in 1998 by Key Compton, Jeff Stewart (Mimeo.com board member and first Mimeo.com
chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
) and Dave Meadows. A few months later, David Uyttendaele (Mimeo's Chief technology officer), Scott Klemm and John Delbridge (former
Chief operating officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...
and
Chief financial officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
, current Mimeo CEO), joined the founding team. Stewart, Delbridge and Uyttendaele first met on the second floor of their freshman dormitory at
Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute () (RPI) is a private research university in Troy, New York, with an additional campus in Hartford, Connecticut. A third campus in Groton, Connecticut closed in 2018. RPI was established in 1824 by Stephen Van ...
. They reunited in 1998 after Stewart and Uyttendaele launched and sold Internet consulting company Square Earth to Proxicom, which is now ICrossing.
Brothers and Friends Now Business Partners
'', Shield and Diamond of Phi Kappa Alpha, April 2008
In 1998, the company launched with the goal of becoming the print dial tone for the Internet.

', Urgent Speed blog, April 21, 2010
The company developed proprietary technology and a proof of concept, leading to the release of a functional version in mid-1999. The strategy was to leverage the time and cost savings that come from being adjacent to major shipping and distribution hubs. The first print facility was located next to the FedEx distribution hub in
Memphis, Tennessee Memphis is a city in the U.S. state of Tennessee. It is the seat of Shelby County in the southwest part of the state; it is situated along the Mississippi River. With a population of 633,104 at the 2020 U.S. census, Memphis is the second-mos ...
. In 2000, the company reported employment levels of 80 people and 422 customers. Unfortunately, Mimeo was spending more than it was taking in, losing $1M per month. To accelerate growth the company hired an experienced sales professional, John F. Lyons as CEO in May 2001, replacing company founder Jeff Stewart. As of 2002, Customers included 300 of the Fortune 2000. In October 2004, the company's growth was recognized by
Inc. (magazine) ''Inc.'' is an American business magazine founded in 1979 and based in New York City. The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events y ...
, as one of the fastest-growing companies in the U.S. having been ranked at number 186 on the Inc. 500.
Mimeo Invests in Equipment Upgrade
' Memphis Business Journal, September 26, 2006
The CEO, John Lyons left the company at this time replaced by John Delbridge while a search for a full-time CEO was launched. In 2005, Adam Slutsky, former COO, CFO and director of
Moviefone Moviefone is an American-based moving pictures listing and information service. Moviegoers can obtain local showtimes, cinema information, film reviews, and advance tickets, as well as TV content and a comprehensive search tool that allows users ...
joined the company as CEO, replacing John F. Lyons. In September 2006, the company purchased three
Kodak The Eastman Kodak Company (referred to simply as Kodak ) is an American public company that produces various products related to its historic basis in analogue photography. The company is headquartered in Rochester, New York, and is incorpor ...
Nexpress Color printers and reported a total of 328 employees. They also added add several key executives, including Tom Karrat, EVP Sales and Marketing, Charlie Corr, as VP Corporate Strategy and Coleen Smith as Chief People Officer. At the time, Mimeo reported growth rates of 50% over the past four years. The company achieved growth rates of 68% in 2005 versus 2004, reaching $50 million in total revenue. In December 2008, Mimeo opened a 75,000-square-foot web-enabled print production and distribution facility in
Newark, New Jersey Newark ( , ) is the most populous city in the U.S. state of New Jersey and the seat of Essex County and the second largest city within the New York metropolitan area.Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
customers. From 2007 to early 2010, Mimeo.com saw steady growth and expansion with revenues growing from $39.6 million in 2006 to $60 million in 2009. In June 2018 the company announced it would close the facility. In July 2011 Mimeo expanded into Europe with the acquisition of
Cambridgeshire, England Cambridgeshire (abbreviated Cambs.) is a county in the East of England, bordering Lincolnshire to the north, Norfolk to the north-east, Suffolk to the east, Essex and Hertfordshire to the south, and Bedfordshire and Northamptonshire to the ...
-based CLE, led by Jamie Wardley. Wardley was immediately appointed general manager of Mimeo Europe.Risher, Wayne,

, ''Memphis Commercial Appeal'', July 21, 2011
The acquisition expanded Mimeo's business to include custom products such as school yearbooks via SPC Verlag and on-demand funeral cards via Gateway Funeral Cards. In Q4 2011, CLE moved into a new facility in
Huntingdon Huntingdon is a market town in the Huntingdonshire district in Cambridgeshire, England. The town was given its town charter by King John in 1205. It was the county town of the historic county of Huntingdonshire. Oliver Cromwell was born there ...
,
Cambridgeshire, England Cambridgeshire (abbreviated Cambs.) is a county in the East of England, bordering Lincolnshire to the north, Norfolk to the north-east, Suffolk to the east, Essex and Hertfordshire to the south, and Bedfordshire and Northamptonshire to the ...
, that serves as the headquarters for Mimeo Europe as well Mimeo's first production and distribution centre in Europe. In 2013, Mimeo had more than 600 employees and revenues of approximately $100 million. The Memphis facility has 324 people with plans to expand to 514 employees by 2016. The company hires approximately 200 temporary workers to meet holiday season demand for photo greeting cards, calendars and albums. In 2014, Mimeo expanded in Europe with an acquisition of Germany's Koebcke. With this acquisition, the employee count grew to over 800 employees. In January 2013, John Delbridge took over as the CEO and president, following Adam Slutsky's departure. For the period 2005 to 2012 Mimeo reported an annualized growth rate of +25%.Sherborne, Cary.
Big Changes at Mimeo.com
, What They Think, February 13, 2013]
In 2017, Mimeo launched MimeoPhotos, continuing its expertise from its former white-label relationships with Apple, Snapfish, and American Greetings. MimeoPhotos helps amateur and professional photographers turn meaningful moments into premium photo products you can touch, hold, or hang.


Business


Products and Services

Products Mimeo offers
Print on-demand Print on demand (POD) is a printing technology and business process in which book copies (or other documents, packaging or materials) are not printed until the company receives an order, allowing prints of single or small quantities. While oth ...
document printing, print distribution and digital document distribution. Customers can upload files in any format and then use online tools to select and view an online proof and select different binding and finishing options. The company website lists presentations, manuals, brochures, booklets, flyers, newsletters, and posters among the available products. Custom products include funeral cards, school planners, photo books, and bound documents. In addition, Mimeo offers CD, DVD, USB Flash Drives and Disc packaging services. Services Mimeo Marketplace is a customized
E-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
storefront that launched in 2008 integrates with the solution for distribution of printed and digital documents. A product extension, Marketplace TCM was introduced at ASTD 2013 (
American Society for Training & Development American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...
), as a digital and print and digital document management and distribution solution. Services include Warehousing and Kitting where multiple items can be stored and then distributed into a kit for distribution. Items can be ordered as a kit through the Mimeo Marketplace or the Mimeo interface.
Electronic publishing Electronic publishing (also referred to as publishing, digital publishing, or online publishing) includes the digital publication of e-books, Online magazine, digital magazines, and the development of digital library, digital libraries and catalo ...
(called ePublishing) solutions enable document administrators to distribute content as a file, secured document and via an
E-book reader An e-reader, also called an e-book reader or e-book device, is a mobile electronic device that is designed primarily for the purpose of reading digital e-books and periodicals. Any device that can display text on a screen may act as an e-read ...
.
Mimeo.com (Company Website), October 2013


Print Production Technology

Mimeo uses proprietary Adaptive Document Assembly Process (ADAP) software to run print operations at 3 digital printing facilities. It uses algorithms to dynamically schedule production and route jobs based on delivery requirements and the workloads on individual pieces of equipment and plants. The company operates
Kodak The Eastman Kodak Company (referred to simply as Kodak ) is an American public company that produces various products related to its historic basis in analogue photography. The company is headquartered in Rochester, New York, and is incorpor ...
NexPress and
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
Indigo and Xeikon digital color printers, installed across the facilities are a number of
Océ Canon Production Printing, formerly known as Océ until the end of 2019, is a Netherlands-based subset of Canon that develops, manufactures and sells printing and copying hardware and related software. The product line includes office printing an ...
and
Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (ha ...
monochrome devices. For large-format digital printing,
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
DesignJet ink-jet printers drive production. Standard Horizon folding (AFC-544AKT), trimming (HT-30), saddle stitching (StitchLiner 5500) and perfect binding (BQ-270 and BQ-470) equipment is installed in the plants. Mimeo also uses Six Sigma and
Lean manufacturing Lean manufacturing is a production method aimed primarily at reducing times within the production system as well as response times from suppliers and to customers. It is closely related to another concept called just-in-time manufacturing ( ...
practices. Mimeo operates nine
Quality assurance Quality assurance (QA) is the term used in both manufacturing and service industries to describe the systematic efforts taken to ensure that the product(s) delivered to customer(s) meet with the contractual and other agreed upon performance, design ...
stations with 31 checkers.


Competitors

The company's competitors in North America include
FedEx Office FedEx Office Print & Ship Services Inc. (doing business as FedEx Office; formerly FedEx Kinko's, and earlier simply Kinko's) is an American retail chain that provides an outlet for FedEx Express and FedEx Ground (including Home Delivery) shippin ...
,
Staples Inc. Staples Inc. is an American retail company headquartered in Framingham, Massachusetts, that offers products and services designed to support working and learning. The company opened its first store in Brighton, Massachusetts on May 1, 1986. By ...
,
OfficeMax OfficeMax is an American office supplies retailer founded in 1988. It is now a subsidiary of The ODP Corporation, which is headquartered in Boca Raton, Florida. As of December 2012, OfficeMax operated 941 stores in 47 states, Puerto Rico, the U.S ...
,
Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (ha ...
and many local providers.


Clients

:*
Airgas Airgas, an Air Liquide company, is an American supplier of industrial, medical and specialty gases (delivered in packaged or cylinder form), as well as hardgoods and related products; one of the largest U.S. suppliers of safety products; and a ...
:*
Expedia Expedia Inc. is an online travel agency owned by Expedia Group, an American online travel shopping company based in Seattle. The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacat ...
:* gtslearning :*
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
:*
Jenny Craig, Inc. Jenny Craig, Inc., often known simply as Jenny Craig, is an American weight loss, weight management, and nutrition company. The company has more than 700 weight management centers in Australia, the United States, Canada, and New Zealand. The pro ...
:*
SAP AG Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a sepa ...
:*
Siemens Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', '' ...
:*
SunTrust Banks SunTrust Banks, Inc. was an American bank holding company with SunTrust Bank as its largest subsidiary and assets of US$199 billion as of March 31, 2018. The bank's most direct corporate parent was established in 1891 in Atlanta, where it was h ...


Corporate Affairs


Investors

The venture capital arm of
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
made the first $6 million investment in Mimeo.com. The
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
investment funded the lease for a 140,000 square foot facility in
Memphis, Tennessee Memphis is a city in the U.S. state of Tennessee. It is the seat of Shelby County in the southwest part of the state; it is situated along the Mississippi River. With a population of 633,104 at the 2020 U.S. census, Memphis is the second-mos ...
, across from the
FedEx FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and business services based in Memphis, Tennessee. The name "Fe ...
shipping hub in the
Memphis International Airport Memphis International Airport is a civil-military airport located southeast of Downtown Memphis in Shelby County, Tennessee, United States. It is the primary international airport serving Memphis. It covers and has four runways., effective Au ...
Center.
Creating the market
',Business Excellence Magazine, July 2009
With
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
as an investor, Mimeo was able to interest other venture capitalists such as
Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...
and their
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
based affiliate, DFJ Gotham. On February 9, 2000 Mimeo announced a $10 million joint investment leading to a total equity raise of $21 million. In the same year, Mimeo also raised a $12 million Series B round with investors including
Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...
, DFJ Gotham,
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
and several of the founders. In June 2002 Mimeo raised a $6.5M Series C round led by
Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...
with participation from
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
and DFJ Gotham. To fund expansion, Mimeo continued to raise money, including a 2004, $5.5M round of financing. The round was led by
HarbourVest Partners HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also dire ...
and included follow on investments from
Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...
and DFJ Gotham. In 2005, Mimeo raised an additional $5.8M in equity led by
HarbourVest Partners HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also dire ...
, followed by
Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...
, DFJ Gotham Ventures and additional private investors.

' What They Think, Company Press Release
GE Commercial Finance GE Commercial Finance was a unit of GE Capital, (one of five major operating divisions of General Electric). Headquartered in Norwalk, Connecticut, United States, it plays a role in over 35 countries and had assets of over US$335 billion at year e ...
Technology Lending provided $3.2 Million in debt financing. In 2007, the company raised an additional $25 million led by
Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
Principal Strategies Group. Other investors included
Draper Fisher Jurvetson Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. DFJ Growth ...
, DFJ Gotham Ventures,
Harbourvest Partners HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also dire ...
and
Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components ...
.
Business Week
'
In 2011, Mimeo raised growth capital through an equity and subordinated debt investment from Patriot Capital.


Board Members

:* John Delbridge, CEO Mimeo.com :* Ross H. Goldstein, DFJ Gotham Ventures :* Peter B. Lipson,
Harbourvest Partners HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also dire ...
, LLC


Former Board Members and Board Observers

:* Jeff Stewart, former Board member, founder Lenddo :* David Uyttendaele, CTO, Board Observer :* Key Compton, Board Observer, President, Data & Distribution,
AddThis AddThis is a free social bookmarking service that can be integrated into a website with the use of a web widget. Once the widget is added, visitors to the website can bookmark or share an item using a variety of services, such as Facebook, MySpa ...
:* Janet Morrison Clarke, former Board member
Asbury Automotive Group Asbury Automotive Group is a company based in Atlanta that operates auto dealerships in various parts of the United States. Founded in 1995, it was ranked No. 360 on the 2022 Fortune 500 list. With 148 dealerships and 198 franchises representi ...


Awards and Industry Ranking

50th Largest Printing Company in the United States (as of 2012, based on company reported $100M gross revenue)
Inc. (magazine) ''Inc.'' is an American business magazine founded in 1979 and based in New York City. The magazine publishes six issues per year, along with surrounding online and social media content. The magazine also produces several live and virtual events y ...
500/5000 Ranking: (9 Listings)
Printing Industries of America Printing Industries of America was a nonprofit trade association which advocates for the United States printing industry. It was the world’s largest graphic arts trade association, representing more than 6,500 member companies and an industry w ...
“Best in Show” Web2Awards 4 consecutive years (2009, 2010, 2011, 2012) Questex Media Award for Business Transformation Initiatives TrainingOutsourcing.com Top 20 Specialized Learning Process Providers (2006)
Mimeo.com Receives Awards for Leadership in Technology and Innovation
', Company Press Release, August 7, 2006
Crain's New York Business Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries. History Gustavus Dedman (G.D.) Crain, Jr. ( Gustavus Demetrious Crain, Jr.; 1885–1973), pre ...
Fast 50 2012
Fast 50 2012
Crain's New York Business Magazine''


References

{{Reflist, 30em


External links


Mimeo USA

Mimeo LTD

Gateway Publishing

SPC Verlag Germany

The School Planner Company UK

The School Planner Company US

Mimeo GmbH
Companies based in New York City Companies established in 1998 Private equity portfolio companies Printing companies of the United States