Digital printer maker Digg announced it is taking over Diggs Digital Printing, a company founded by former Digital Print magazine editor and now former Apple engineer Craig Diggs.
The digital printing company will be called Digg Digital Printing and will have more than 500 employees across the U.S., Canada and the U to focus on digital printing.
It will operate under Digg CEO and cofounder Matt McQuaid, a former senior executive at Google, Amazon, Dell, Hewlett Packard and IBM.
Digg will be the first company to offer a digital printer to all customers, and McQuead will serve as president of Digg.
McQuees father Craig Digg is a former Apple executive and is now the chief technology officer for Digg, which employs roughly 1,000 people worldwide.
Digg’s move to digital printing will help Digg compete with print shops that offer printing on a tablet or smartphone, McQuays father Craig said.
Diggs is one of the pioneers of digital printing and has created a digital platform to print on for businesses that have a print shop, such as a printing company.
McQuays dad said Digg will focus on the printing of apparel and other consumer products for both apparel and print shops.
The company is expected to have more revenue than Diggs, which is now worth $6.8 billion.
The Digg acquisition is expected close in the first half of next year, according to the company.
The deal was first reported by The Wall Street Journal and CNBC.