Oct 9 (Reuters) - SMART Technologies Inc SMA.TO :
* Updates financial outlook and announces strategic review
* Says sales from smart kapp are growing at a slower rate than originally
envisaged
* Says outlook for fiscal 2016 will be weaker than anticipated
* Says has retained evercore partners as its financial advisor to assist in the
strategic review process
* Board will consider alternatives to improve value for shareholders
* Initiatives could be considered include sale of co or other business
combination, recapitalization of co
* Management has taken action to significantly reduce expenses, primarily
relating to kapp sales, marketing, related research and development spend
* Source text for Eikon ID:nCNWLjdDWa
* Further company coverage SMA.TO