Align Technology
 |
|
| Public | |
| Traded as | |
| Industry | Orthodontics devices |
| Founded | 1997 |
| Founders | Zia Chishti, Kelsey Wirth |
| Headquarters | San Jose, California, USA |
|
Area served
|
Worldwide |
|
Key people
|
Joseph M. Hogan (President) & (CEO) |
| Products | clear aligners, scanners |
| Revenue |
 $ 1.080 billion(FY 2016)
|
|
$ 248.92 million (FY 2016)
|
|
|
$ 189.68 million (FY 2016)
|
|
| Total assets |
$ 1.396 billion (FY 2016)
|
| Total equity |
$ 995.39 million (FY 2016)
|
|
Number of employees
|
6,060 (Dec 2016) |
| Website | www.aligntech.com |
Align Technology is a manufacturer of 3D digital scanners and the Invisalign clear aligners used in orthodontics. It is headquartered in San Jose, California; it manufactures the aligners in Juarez, Mexico and its scanners in Israel.
Align Technology was founded by Zia Chishti and Kelsey Wirth in 1997 and began working on the development of a clear aligner. Align received FDA clearance to market the Invisalign system in 1998 and it was first marketed in 2000. Align Technology went public on January 26, 2001 on the Nasdaq Stock Market.
In 2010 the company received a warning letter from the FDA regarding its failure to report serious reactions to Invisalign.
In March 2011 Align acquired the Israeli company Cadent for $190 million; Cadent manufactured intraoral cameras that included 3D scanners, as well as software to display the acquired images and to plan treatment.
Joseph M. Hogan joined Align in June 2015, and serves as CEO and President. As of 2016 it had 6,060 employees worldwide.
The company's sales reached $1 billion for the first time in 2016 and its products were being used in about 8% of people who got braces. In 2017 the company was faced with the challenge of the expiration of its patents on its Invisalign system starting in October 2017 and the beginning of generic competition.
...
Wikipedia