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Article: SMART Technologies Raises $11 Million in Equity Financing; Goldman Sachs Funds and SAP Invest in Emerging Technology.
- Article from:
- Business Wire
- Article date:
- December 3, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AUSTIN, Texas--(BUSINESS WIRE)--Dec. 3, 1997--SMART Technologies, Inc. today announced that it has raised $11 million in a third round of equity financing from a consortium of partners including lead investor, GS Capital Partners II, L.P., an affiliate of The Goldman Sachs Group, L.P. Other participants in this round include SAP AG and prior investors Austin Ventures, Internet Capital Group and Technology Development Corp/Origin Partners. SMART Technologies is the first software vendor in the industry to create Web-engineered, mission-critical enterprise applications to manage and foster complete customer relations on the Internet.
"Enterprise Relationship ...