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Boxlight Announces Agreement To Acquire Frontrow

Nov 01, 2021•about 4 years ago

Acquiring Company

Boxlight Corp

Acquired Company

FrontRow

LawrencevilleIndiaMedia And EntertainmentHardwareConsumer ElectronicsAppsSoftwareCommunity And LifestyleEducation

Description

Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive technologies, today announced it has signed an agreement to acquire FrontRow Calypso LLC (“FrontRow”), a leader in classroom and campus communication solutions for the education market. The acquisition will be effective as of October 31, 2021, and is expected to close between November 15 and November 30, 2021, but no later than December 31, 2021.

Company Information

Company

Boxlight Corp

Location

1045 PROGRESS CIRCLE

Lawrenceville, Georgia, United States

About

Boxlight brings powerful, integrated solutions that are unmatched in today’s education market. Even more inspiring is where the company’s passion for learning will take educational technology, classroom educators, and students in the years ahead. Founded in 1985, Boxlight, a US owned and operated company, quickly became a leader in presentation technology, climbing Inc. 500 lists and becoming synonymous with projection and display solutions for business, government, and education. Mimio was founded in 1997 by way of five creative-thinking students at MIT. By combining innovation with their passion for education, they created their flagship product, the ink capture system. In 2016, Boxlight acquired Mimio. Together they are a leading global provider of technology in the classroom.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed