IBJNews

Software firm seeks to reorganize as holding company

Back to TopCommentsE-mailPrintBookmark and Share

Interactive Intelligence Inc. will ask shareholders at this year’s annual meeting to vote on a proposal to reorganize the firm as a holding company.

The Indianapolis-based business-communications software firm said Monday that, if approved by shareholders, Interactive Intelligence would become a wholly owned subsidiary of the new holding company—Interactive Intelligence Group Inc.

Companies purchased by Interactive Intelligence in the future will be rolled into the holding company to create a more streamlined operating structure, the company said.

In May 2009, Interactive Intelligence acquired Columbia, S.C.-based AcroSoft Corp., followed by the purchase of Jacksonville, Fla.-based Global Software Services Inc. (which does business as Latitude Software) in October 2010. And, in February, the company bought Agori Communications, a Frankfurt, Germany-based reseller of Interactive Intelligence’s products.
 
“Our vision is to continue to evolve with similar acquisitions, and this reorganized structure will enable us to make the best use of our overall infrastructure, while enabling each business to focus on its unique customer needs,” said Donald E. Brown, company founder and CEO, in a written statement.

The proposal to reorganize under a holding company calls for each outstanding share of Interactive Intelligence to automatically convert into one share of common stock of the new holding company.

Interactive shares have been on a tear lately, nearly tripling to about $38 each from a 52-week low of $14 last August. The surge has grown the company market’s value to more than $700 million.

Analysts say the only publicly traded software company based in Indianapolis appears to be buoyed most by a string of larger orders, and by its anticipation of the rise of “communications as a service,” or CaaS.

The acronym simply means a customer’s applications and communications system can be hosted and managed off-site instead of at the customer’s premises. With so-called cloud computing, customers don’t have to invest in equipment or additional IT people.

The company has more than 800 employees worldwide.

Interactive Intelligence has not yet set a date for its 2011 annual meeting.
 

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. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

ADVERTISEMENT