IBJNews

Former tech darling Vontoo acquired by Ohio firm

Back to TopCommentsE-mailPrintBookmark and Share

Vontoo Inc., a once-promising Indianapolis-based technology firm that landed millions in venture capital but failed to meet growth expectations, has been acquired.

The company, which helps marketers send audio messages to thousands of phones and to track responses, was bought by Troy, Ohio-based One Call Now for an undisclosed price, the companies announced Tuesday.

Walter Meyer, president and chief operating officer of Vontoo, said the company currently employs seven people. Six will remain at Vontoo's offices in Indianapolis at 8606 Allisonville Road. Meyer said he anticipates he will serve in a corporate role at One Call Now. Vontoo has more than 1,000 clients. The retailer HHGregg and the Boston Celtics are among the businesses that have hired Vontoo.

Vontoo was founded in 2005 by local angel investor Bob Compton, who was involved in launching and supporting several successful tech companies, including Software Artistry, Aprimo, ExactTarget and Interactive Intelligence. The company raised more than $5 million in venture funding in its first three years and grew its work force to about two dozen employees but couldn't hold its footing during the recession.

In 2009, Vontoo announced a restructuring in which Compton temporarily returned as president and CEO. He expanded message delivery to other formats, including interactive video. Last February, Vontoo raised $192,000 as part of a $300,000 offering. In 2008, 11 investors chipped in $1.85 million.

Compton declined to discuss the reasons for the sale, citing a confidentiality agreement.

One Call Now bills itself as the largest message notification provider, using voice, SMS text and email messages. Its customers include businesses, schools, municipalities and volunteer organizations. Vontoo is the company’s third acquisition in 12 months.

“This acquisition expands our customer base in the education and business markets,” One Call Now founder and CEO Leib Lurie said in a prepared statement.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

ADVERTISEMENT