Vistaprint 2014 Annual Report Download - page 12
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8
Technology Development
We intend to continue developing and enhancing our proprietary and licensed software programs and our
manufacturing processes. We have designed our website technologies and infrastructure to scale to accommodate
future geographic expansion and growth in the number of customer visits, orders, and product and service
offerings. This Internet-based architecture makes our applications highly scalable and offers our customers fast
system responsiveness. In addition, our production technologies for aggregating jobs in preparation for
manufacturing are designed to readily scale as we grow. We have an engineering and research and development
center in Winterthur, Switzerland that is constantly seeking to strengthen our manufacturing and supply chain
capabilities through engineering disciplines such as automation, manufacturing, facilities and new product design,
materials science, process control and color control. We have software engineering teams located in multiple sites
including Massachusetts and Maryland in the United States, the Netherlands, Switzerland and Italy. Our technology
and development expenses were approximately $176 million (14% of total revenues), $165 million (14% of total
revenues) and $129 million (13% of total revenues) in the years ended June 30, 2014, 2013, and 2012,
respectively.
Intellectual Property
We seek to protect our proprietary rights through a combination of patents, copyrights, trade secrets, and
trademarks and contractual restrictions, such as confidentiality agreements and proprietary rights agreements. We