Boxlight Announces Acquisition of EOS Education
September 24 2018 - 8:00AM
Business Wire
Purchase Expands Consulting and Professional
Development Offerings
Boxlight Corporation (Nasdaq: BOXL), a leading provider of
interactive technology solutions for the global education market,
today announced it has completed the acquisition of EOSEDU, LLC
(“EOS Education”), a consulting and professional development
company for the K-12 education market. Boxlight acquired EOS
Education for 100,000 shares of Boxlight common stock.
“This addition is part of our continued effort to provide the
most comprehensive solution suite in the education technology
marketplace,” said Mark Elliott, CEO of Boxlight. “For technology
integrations to be successful, teachers need proper training,
ongoing professional development and support. By adding the EOS
Education team we can immediately fill that need and provide a more
robust portfolio of end-to-end services which complement our
hardware and software solutions, giving educators the training they
need to fully leverage the technology’s full range of
possibilities.”
With the acquisition, it’s expected that Boxlight’s professional
services division will produce as much as 10 percent of its total
revenues with gross profit margins greater than 50 percent. It also
brings significant management talent to Boxlight by adding Daniel
Leis and Dr. Aleksandra Leis. Together, with decades of experience
managing high-growth professional services businesses in emerging
markets and sectors, they will bring an incredible synergy to
Boxlight. Daniel will fill the role of Vice President of Global
Services for Boxlight while Aleksandra will continue in her role as
the CEO of EOS Education, which will now be a wholly owned
subsidiary of Boxlight.
“Boxlight and EOS share a common vision of providing the right
mix of tools and services to meet the evolving needs of educators
and their students. We are excited to build upon the deep
relationships Boxlight has with its clients and partners to
ultimately deliver long-term value that benefits teachers and
students,” said Daniel Leis.
Dr. Aleksandra Leis added, “For years, EOS’ professional
development programs have helped improve the effectiveness of
teachers and increase engagement of students. Joining Boxlight
gives us a pathway to dramatically increase our reach globally and
the human and capital resources to continue our mission of
supporting teachers as they leverage technology to improve student
outcomes.”
About Boxlight Corporation
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight”) is a leading
provider of technology solutions for the global education market.
The company aims to improve learning and engagement in classrooms
and to help educators enhance student outcomes, by developing the
products they need. The company develops, sells, and services its
integrated, interactive solution suite including software,
classroom technologies, professional development and support
services. For more information about the Boxlight story, visit
http://www.boxlight.com.
Forward Looking Statements
This press release may contain information about Boxlight's view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
maintain and grow its business, variability of operating results,
its development and introduction of new products and services,
marketing and other business development initiatives, competition
in the industry, etc. Boxlight encourages you to review other
factors that may affect its future results in Boxlight's filings
with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20180924005463/en/
Media Relations:Nickel CommunicationsCharlotte Andrist,
+1 770-310-5244charlotte@nickelcommpr.comorInvestor
Relations:Boxlight CorporationMichael Pope, +1
360-464-4478michael.pope@boxlight.comorAddo Investor RelationsLaura
Bainbridge, +1 310-829-5400investor.relations@boxlight.com
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