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CALGARY, Alberta, Feb. 14, 2011 (GLOBE NEWSWIRE) -- SMART Technologies Inc. ("SMART") (TSX:SMA) (Nasdaq:SMT), a leading provider of collaboration solutions, announces that it has become aware that a class proceeding ("Class Action") has been commenced in the Ontario Superior Court of Justice on behalf of purchasers of shares of SMART in the July 2010 initial public offering of 38.8 million shares.

SMART believes that such Class Action is without merit and is confident that SMART has complied with all applicable securities laws requirements. SMART intends to vigorously defend the Class Action.

About SMART

SMART Technologies is a leading provider of collaboration solutions that transform the way the world works and learns. We believe that collaboration and interaction should be easy. As the global leader in interactive whiteboards, we bring more than two decades of collaboration research and development to a broad range of easy-to-use, integrated solutions that free people from their desks and computer screens, so collaborating and learning with digital resources are more natural.