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SMART Technologies Secures Almost 50% Product Category Share In India
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Monday, June 25, 2012:
SMART Technologies (NASDAQ:SMT) (TSX:SMA), a leading provider of collaboration solutions, announced its first quarter results related to the interactive whiteboard product category for India today. As per the data released by Futuresource Consulting, a leading global independent research company, SMART Technologies has emerged as the undisputed leader in the interactive whiteboard product category with a 49.1 percent share – a full 38 points ahead of the next closest competitor.
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SMART virtually doubled its growth in India with an increase of over 25 points from Q4 of 2011 to Q1 of 2012. The company’s product category share grew 41 points year over year in India. Globally, SMART maintained its strong position acquiring a product category share of almost 47 percent. The category share results for India and globally relate to the cumulative results from January, February and March 2012.
“Installing SMART’s interactive displays in our briefing centres has transformed the way we engage with our clients and conduct business” says Sandeep Subramanian, Operations Engineer, Cisco Global Briefing Centre, Bangalore. “SMART interactive displays takes unified communication to the next level allowing participants to collaborate and share data in real time. This feature proves very effective while interacting with clients spread across various geographies. SMART has made it possible for Cisco’s global teams to brainstorm and share information in real time and showcase the outcome to clients. This has helped us to substantially cut down on the company’s travel expenses while making meetings more productive and efficient. The comprehensive, easy-to-use, user friendly solutions work seamlessly with a variety of third-party remote collaboration tools thereby ensuring no additional hardware is required for using the products.”
“Our experience with using SMART products has been very congenial”, said Dr Amit Bhalla, Vice President Manav Rachna Educational Institutions. We have SMART Board interactive whiteboards installed in our school for many months now and we are very pleased with the product performance. SMART Boards are easy to use and highly intuitive to the needs of the use; and SMART Notebook software is an excellent platform for teaching all subjects – the students love the interactivity and collaboration of a digital learning environment. The post sales service offered by SMART Technologies is also excellent.”
“India has been identified as an important market for SMART Technologies,” says Sanjiv Pande, Managing Director, India & South Asia, SMART Technologies. “Current penetration of interactive whiteboard market in India is merely 3% so there is huge growth potential. The substantial jump in our product category share in the first quarter of 2012 is encouraging and a strong indicator of the significant growth we have made in India. We will continue to strengthen our position in the country by offering comprehensive solutions including a range of innovative products, valuable content and strong service and support for our customers.”
SMART Technologies, introduced the world’s first interactive whiteboard in 1991 and has created many innovative products ever since. SMART offers an extensive range of products for education and business customers, customised for the unique needs of these sectors.
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