19 Facts About VTech

VTech is a Hong Kong-based global supplier of electronic learning products from infancy to preschool and the world's largest manufacturer of cordless phones.

VTech obtained a primary listing on the London Stock Exchange in 1991.

VTech delisted voluntarily from the London Stock Exchange on 7 October 2008.

VTech was founded in Hong Kong in October 1976 by two local entrepreneurs, Allan Wong and Stephen Leung.

VTech unveiled its first electronic learning product, called Lesson One, at the New York Toy Fair, in February 1980.

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VTech then branched out into personal computers, including a series of 8-bit TRS-80 competition computers named the Laser 200,210 and 310, as well as a series of IBM compatible PCs both beginning in 1983, followed by Apple II compatible computers, beginning in 1985, including a model called Laser 128.

VTech exited the personal computer market in 1997, due to tight competition.

In 2000, to expand its cordless phone business, VTech acquired the consumer telephone business of Lucent Technologies.

VTech issued a profit warning in March 2001 and launched a broad restructuring plan.

VTech has diversified geographically, selling to North America, Europe, Asia, Latin America, the Middle East and Africa.

In November 2015, Lorenzo Bicchierai, writing for Vice magazine's Motherboard, reported that VTech's servers had been compromised and the corporation was victim to a data breach which exposed personal data belonging to 6.

VTech subsequently brought in the information security services company FireEye to manage incident response and audit the security of their platform going forward.

In February 2016, Hunt publicized the fact that VTech had modified its Terms and Conditions for new customers so that the customer acknowledges and agrees that any information transmitted to VTech may be intercepted or later acquired by unauthorized parties.

VTech was among the pioneers of the ELP industry, beginning in 1980 with a unit designed to teach children basic spelling and mathematics.

Today VTech makes both individual standalone products and platform products that combine a variety of consoles with different software.

VTech started manufacturing products for other brand names on an original equipment manufacturing basis in the 1980s and CMS became one of the company's core businesses in the early 2000s.

VTech has been identified as one of the world's top 50 electronics manufacturing services providers, providing electronics manufacturing services for medium-sized companies.

VTech's CMS has focused on four main product categories: professional audio equipment, switching mode power supplies, wireless products and solid-state lighting.

VTech strongly rejected the allegations and issued a statement on 22 June 2012 reiterating that it is a responsible and caring employer which abides by the legal requirements relating to employment in all jurisdictions where it operates.