Edtech Business

Interactive Classroom Hardware Provider, Boxlight Acquires Cohuburate to Expands to UK

May 14, 2018

OUT OF THE BOX: Boxlight Corporation, a publicly-traded company best known for its “Mimio” line of interactive displays and school hardware, has acquired Cohuborate, a developer of touchscreen technology based in the United Kingdom. The transaction was valued at approximately $1.8 million through the issurance of 257,200 shares of common stock at $7 per share.

“Effective immediately,” according to the deal announcement, “the Cohuba sales team will begin distributing Boxlight’s Mimio interactive classroom solution suite [...] to the education market throughout the United Kingdom.”

Cohuba executives Paul Pickup and Andy Pennington—both previously at Promethean, a U.K. provider of school display technology that was acquired by Chinese company NetDragon for $130 million in 2015, will be joining Boxlight. Shares of the Lawrenceville, Ga.-based company jumped more than 70 percent after the deal was announced.

Edtech Business

Interactive Classroom Hardware Provider, Boxlight Acquires Cohuburate to Expands to UK

May 14, 2018

OUT OF THE BOX: Boxlight Corporation, a publicly-traded company best known for its “Mimio” line of interactive displays and school hardware, has acquired Cohuborate, a developer of touchscreen technology based in the United Kingdom. The transaction was valued at approximately $1.8 million through the issurance of 257,200 shares of common stock at $7 per share.

“Effective immediately,” according to the deal announcement, “the Cohuba sales team will begin distributing Boxlight’s Mimio interactive classroom solution suite [...] to the education market throughout the United Kingdom.”

Cohuba executives Paul Pickup and Andy Pennington—both previously at Promethean, a U.K. provider of school display technology that was acquired by Chinese company NetDragon for $130 million in 2015, will be joining Boxlight. Shares of the Lawrenceville, Ga.-based company jumped more than 70 percent after the deal was announced.

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