Industry News

Industry News

Align Technology Announces $250 Million Stock Agreement

Align Technology has entered a new accelerated stock repurchase (ASR) agreement with Citibank to repurchase $250 million of Align’s common stock under Align’s $1 billion stock repurchase program announced in May.

Under the ASR terms, Align will receive about 580,000 shares. The final number of shares to be repurchased will be based on Align’s volume-weighted average stock price during the ASR term, less an agreed-upon discount. The ASR transaction is expected to be completed by late April and will be funded with Align’s cash on hand.

As of Dec. 31, Align had approximately 77.3 million shares outstanding and $1.0 billion in cash, cash equivalents and short-term and long-term marketable securities.

For more information, visit investor.aligntech.com.


ToothFairy Rebrands As Cloud 9 Ignite
Cloud 9 Software has introduced a new name and logo for a customer experience management solution the company recently acquired: What formerly was known as ToothFairy software is now Cloud 9 Ignite. Cloud 9 customers can expect to see the ToothFairy user interface in the upcoming 9.12 software update. As with all other Cloud 9 releases, the updates will be made automatically and no action is required on the part of the user.

For more information, visit cloud9.software.

Curaprox Names New CEO, Celebrates 50th Anniversary
Curaprox, a provider of holistic oral health solutions, recently marked 50 years of business and announced that Christine Breitschmid will soon take over as CEO. Curaden, Curaprox’s parent company, has been led for decades by members of the Breitschmid family.

For more information, visit curaprox.us.


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