The share repurchase comes just weeks after the company reported Q4 revenues were down 11%, resulting in a pre-tax loss for the period of $4.6m.
Chief executive Guy Gecht said that company was "moving forward in returning cash to our shareholders" following the repurchase.
He added: "We are very pleased to deliver on our commitment to monetise our real estate assets which was a key element of our strategy to restore shareholder value."
The California-headquartered company also said it had entered into agreement with the London branch of UBS to repurchase $30m of common stock.
Site sale frees up cash for EFI share buyback deal
EFI has completed a $100m (68m) share buyback in a deal which includes a share repurchase using some of the proceeds from the sale of its site in Foster City, California.
