|Founder||David Martin |
|Headquarters||Calgary, Alberta, Canada|
|Dr. Jacob Chen (Chairman), Greg Estell (CEO)|
|Revenue||US$492.9 million (FY2015)|
|US$24.1 million (FY2015)|
Number of employees
Smart Technologies Corporation is a Canadian company headquartered in Calgary, Alberta, Canada. Founded in 1987, Smart Technologies is best known as the developer of interactive whiteboards branded as "Smart Boards".
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. Later that year, several class action complaints were filed against SMART in the U.S. District Courts in New York and Illinois. 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.
As of the 2011 fiscal year end, Smart Board interactive whiteboards led the interactive whiteboard category with a 63% share in the United States, 44% share in EMEA (Europe, Middle East and Africa) and 47% share globally.
In 2011, Smart employed about 1,700 people. On December 11, 2012, SMART Technologies announced it would begin corporate restructuring. The company proceeded to lay off 25% of its employees. 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.
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- Hasso Plattner; Christoph Meinel; Larry Leifer (December 13, 2010). Design Thinking: Understand – Improve – Apply. Springer Science & Business Media. pp. 157–. ISBN 978-3-642-13757-0.
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- 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
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- "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
- MSNbc.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.