CALGARY, Alberta, May 13, 2013 (GLOBE NEWSWIRE) -- SMART Technologies Inc. (Nasdaq:SMT) (TSX:SMA), a leading provider of collaboration solutions, today announced the successful closing of its transaction to sell and lease back the company's headquarters located in Calgary, Canada. The transaction generated proceeds of approximately $77 million in cash, net of all fees, which will be reflected in the company's first quarter 2014 financial statements when reported in August of 2013. As part of the transaction, the company entered into a 20 year lease with the purchaser, HOOPP Realty Inc., a real estate company related to the Healthcare of Ontario Pension Plan (HOOPP).
About SMART Technologies
SMART Technologies Inc. is a leading provider of technology solutions that enable inspired collaboration in schools and workplaces around the world by turning group work into a highly interactive, engaging and productive experience. SMART delivers integrated solutions of hardware, software and services designed for superior performance and ease of use, and remains a world leader in interactive displays.
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