“Sequoia Voting Systems worked for many months with Smartmatic to find an appropriate situation that would be a win-win for both companies,” according to the Sequoia news release announcing that the firm is now a 100% American-owned company.
“Given Sequoia’s strong position in the US electoral market and significant opportunities therein, many buyers expressed interest in Sequoia. Smartmatic selected this team to purchase Sequoia as they believe in the ability of Sequoia’s current management team to perform as successfully as they have in the past, which will allow Smartmatic to capitalize on the earn-out purchase plan,” Sequoia says (emphasis added).
“Led by Jack Blaine and Peter McManemy, the Sequoia management team has both the deep experience in the highly complex, ever-changing and regulated voting industry and the expertise in mission critical software and change management necessary to ensure future success,” according to the release.
“Sequoia currently supplies voting technology and services to jurisdictions throughout 17 states and the District of Columbia.
“Sequoia’s ownership changes will have no material impact on Sequoia’s current customers, employees, suppliers or the company’s business operations.”
Source:
1. http://www.sequoiavote.com/pressText.php?pressIn=41
1. Did Smartmatic plan this sudden and convenient sale to the American members of the Sequoia management to assuage concerns that a foreign Venezuelan government-linked company would be operating in the U.S. electoral market?
2. In selling Sequoia, was Smartmatic sacrificing its potential in the huge American market, or was it going to expand into that market by other means?
3. If Sequoia did not change its operations after the purchase from Smartmatic, should one conclude that kept the same Smartmatic software and source code?
4. If Smartmatic “selected” the buyers of Sequoia, was Sequoia still under the effective domination or control, if not the legal ownership, of Smartmatic?
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