Apax - Apax Partners to take minority stake in SMART Technologies
Summary
CALGARY, ALBERTA -- July 16, 2007 -- SMART Technologies Inc. announces that funds advised by Apax Partners will take a significant minority position in the company. SMART has also entered into an exclusive alliance with Cambridge University Press, the world’s oldest publisher, to distribute its education content in North America. Their deep technology sector expertise, local presence, and global platform will be of great help to us as we continue our next phase of growth.” says Nancy Knowlton, SMART’s CEO. SMART customers include NASA, Texas Instruments, BMW, Toyota Motors, DaimlerChrysler, Boeing, Lucent Technologies, NTT, the Los Angeles Lakers, Novartis, the U.S. Joint Chiefs of Staff, Accenture, Procter & Gamble, British Telecom, Disney Imagineering and Harvard University. Employing more than 1,000 people, SMART is headquartered in Calgary, Alberta, Canada, with assembly facilities in Ottawa, and offices in Bonn, Tokyo, Shanghai, New York City, Chicago and Washington, DC.
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