SMART Technologies[2] (also known as "SMART") is a Canadian company headquartered in Calgary, Alberta, Canada and wholly owned by Foxconn.[2] Founded in 1987, SMART is best known as the developer of interactive whiteboards branded as the "SMART Board" popularly used in education and business.[3]
In 2003, SMART developed and later patented DViT (Digital Vision Touch) technology which was an important feature of the SMART Board.[7]
In 2009, SMART filed a patent infringement lawsuit against New Zealand-based NextWindow[8] before acquiring the company outright in 2010.[9]
On July 15, 2010 SMART Technologies placed an initial public offering on the NASDAQ stock exchange and Toronto Stock Exchange (TSX), raising upwards of $660 million.[10][11] Later that year, several class action complaints were filed against SMART in the U.S. District Courts in New York and Illinois.[12][13] Filed on behalf of the purchasers of the Class A Subordinate Voting Shares in Smart's IPO in July 2010, the complaints alleged that the company did not disclose important information prior to the IPO. A settlement was reached in March 2013.[14]
As of the 2011 fiscal year end, SMART Board interactive whiteboards led the interactive whiteboard category[15] with a 63% share in the United States, 44% share in EMEA (Europe, Middle East and Africa) and 47% share globally.[16]
In 2011, SMART employed about 1,700 people.
In April 2012, amid a declining stock price and sales resulting from decreased school board spending, both Martin and Knowlton resigned from their executive roles at Smart before leaving the board in April 2014.[4]
On December 11, 2012, SMART Technologies announced it would begin corporate restructuring.[17] The company proceeded to lay off 25% of its employees.[18] Then-CEO Neil Gaydon stated that it would save the company approximately $40 million, and cited competition in the market as part of the reason for restructuring.[19]
In 2016, SMART Technologies Inc. was acquired by Foxconn for $200 million.[20]
^"Google releases Jamboard, a high-tech whiteboard for office meetings". Toronto Star, November 12, 2016. pageB4. Steven Overly.
^Liebrecht, Deia (November 27, 2007). "West Area Gets Smart With Technology". The Ledger.
^GOLIATH: Business Knowledge on Demand Smart Digital Vision Touch technology, 1 November 2003
^Business Standard SMART Files Patent Infringement Against NextWindow, 3 April 2009
^Innovative Interactivity (II) July 10, 2011, at the Wayback Machine SMART Technologies' acquisition of NextWindow: A "smart window" to the world, 6 May 2010
^Yahoo! Canada Finance 2011-09-26 at the Wayback Machine Smart Technologies Inc. Raises $660 Million in IPO on The NASDAQ Stock Market, Largest IPO of 2010, 16 July 2010
^Bloomberg Smart Technologies Raises $660 Million in Second-Biggest U.S. IPO of 2010, 15 July 2010
^"Smart Technologies Inc hit by investor lawsuit over alleged securities laws violations". PRLOG. December 6, 2010.
^"Izard Nobel LLP Announces Class Action Lawsuit Against Smart". Bloomberg News. December 13, 2010.
^Settlement agreement of class action lawsuit February 24, 2014, at the Wayback Machine Ontario Court of Justice
^"SMART Announces Corporate Restructuring" 2015-06-14 at the Wayback Machine. Smart Technologies.
^"Layoffs at SMART Technologies Inc." CBC. December 11, 2012
^"Calgary's SMART Technologies to lay off 25% of staff". CBC. December 11, 2012
^"SMART Technologies to be acquired by Taiwan's Foxconn Technology Group". Calgary Herald. May 26, 2016. Retrieved February 11, 2018.
External linksedit
Official Site
Corporate Logo Guide
SMART Boards for Schools
March 14, 2024
smart, technologies, smart, board, redirects, here, other, uses, interactive, whiteboard, smart, technologies, also, known, smart, canadian, company, headquartered, calgary, alberta, canada, wholly, owned, foxconn, founded, 1987, smart, best, known, developer,. Smart board redirects here For other uses see interactive whiteboard SMART Technologies 2 also known as SMART is a Canadian company headquartered in Calgary Alberta Canada and wholly owned by Foxconn 2 Founded in 1987 SMART is best known as the developer of interactive whiteboards branded as the SMART Board popularly used in education and business 3 Smart TechnologiesCompany typeSubsidiaryIndustryComputer technologyComputer softwareFounded1987 37 years ago 1987 FounderDavid Martin Nancy KnowltonArea servedWorldwideKey peopleNicholas Svensson CEO ProductsInteractive whiteboardsRevenueUS 492 9 million FY2015 Net incomeUS 24 1 million FY2015 1 Number of employees795ParentFoxconnWebsitesmarttech wbr comHistory editSMART was founded in 1987 by husband and wife David Martin and Nancy Knowlton 4 In 1991 SMART introduced its interactive whiteboard branded the SMART Board 5 6 In 2003 SMART developed and later patented DViT Digital Vision Touch technology which was an important feature of the SMART Board 7 In 2009 SMART filed a patent infringement lawsuit against New Zealand based NextWindow 8 before acquiring the company outright in 2010 9 On July 15 2010 SMART Technologies placed an initial public offering on the NASDAQ stock exchange and Toronto Stock Exchange TSX raising upwards of 660 million 10 11 Later that year several class action complaints were filed against SMART in the U S District Courts in New York and Illinois 12 13 Filed on behalf of the purchasers of the Class A Subordinate Voting Shares in Smart s IPO in July 2010 the complaints alleged that the company did not disclose important information prior to the IPO A settlement was reached in March 2013 14 As of the 2011 fiscal year end SMART Board interactive whiteboards led the interactive whiteboard category 15 with a 63 share in the United States 44 share in EMEA Europe Middle East and Africa and 47 share globally 16 In 2011 SMART employed about 1 700 people In April 2012 amid a declining stock price and sales resulting from decreased school board spending both Martin and Knowlton resigned from their executive roles at Smart before leaving the board in April 2014 4 On December 11 2012 SMART Technologies announced it would begin corporate restructuring 17 The company proceeded to lay off 25 of its employees 18 Then CEO Neil Gaydon stated that it would save the company approximately 40 million and cited competition in the market as part of the reason for restructuring 19 In 2016 SMART Technologies Inc was acquired by Foxconn for 200 million 20 References edit SMART Technologies Annual Reports PDF SMART Retrieved July 7 2015 a b 20 F www sec gov Retrieved August 27 2019 Hasso Plattner Christoph Meinel Larry Leifer December 13 2010 Design Thinking Understand Improve Apply Springer Science amp Business Media pp 157 ISBN 978 3 642 13757 0 a b SMART founders setting a new course Calgary Herald Google releases Jamboard a high tech whiteboard for office meetings Toronto Star November 12 2016 pageB4 Steven Overly Liebrecht Deia November 27 2007 West Area Gets Smart With Technology The Ledger GOLIATH Business Knowledge on Demand Smart Digital Vision Touch technology 1 November 2003 Business Standard SMART Files Patent Infringement Against NextWindow 3 April 2009 Innovative Interactivity II Archived July 10 2011 at the Wayback Machine SMART Technologies acquisition of NextWindow A smart window to the world 6 May 2010 Yahoo Canada Finance Archived 2011 09 26 at the Wayback Machine Smart Technologies Inc Raises 660 Million in IPO on The NASDAQ Stock Market Largest IPO of 2010 16 July 2010 Bloomberg Smart Technologies Raises 660 Million in Second Biggest U S IPO of 2010 15 July 2010 Smart Technologies Inc hit by investor lawsuit over alleged securities laws violations PRLOG December 6 2010 Izard Nobel LLP Announces Class Action Lawsuit Against Smart Bloomberg News December 13 2010 Settlement agreement of class action lawsuit Archived February 24 2014 at the Wayback Machine Ontario Court of Justice nbcnews com SMART Increases Interactive Whiteboard Product Category Share 20 May 2011 http files shareholder com downloads ABEA 4CUEER 0x0x469964 e5d5ed0b 029d 4b61 b35f 544ba8bd3bc4 SMT News 2011 5 20 General Releases pdf Interactive Displays ICT Products Market Quarterly Insight State of the Market Report Quarter 4 2010 31 March 2011 SMART Announces Corporate Restructuring Archived 2015 06 14 at the Wayback Machine Smart Technologies Layoffs at SMART Technologies Inc CBC December 11 2012 Calgary s SMART Technologies to lay off 25 of staff CBC December 11 2012 SMART Technologies to be acquired by Taiwan s Foxconn Technology Group Calgary Herald May 26 2016 Retrieved February 11 2018 External links editOfficial Site Corporate Logo Guide SMART Boards for Schools Retrieved from https en wikipedia org w index php title Smart Technologies amp oldid 1184704262, wikipedia, wiki, book, books, library,
