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. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

  2. Welcome to PETERSON LOAN AGENCY Company (A Personalized Service for All Your Financial Needs) We, Liberal Investment Company Providers offers loan at a very low interest rate of 2%, we offer Personal loans, Debt Consolidation Loan, Venture Capital, Business Loan, Educational Loan, Home Loan, and Loan for any reason and urgent needs!. with a maximum duration of 30 years. Have you been turned down by your bank? Do you have bad credit? Do you have unpaid bills? Are you in debt? Do you need to set up a business? Worry no more as we are here to offer you a low interest loan. Our loan ranges from $5,000-USD (Five Thousand US dollars) to $50, 000,000.00.(Fifty Million US dollars). We also lend in USA DOLLARS EURO and POUNDS ! Fill in this form and forward it to our email: PETERSONLOANAGENCY@GMAIL.COM 1. Your Full names:_______ 2. Contact address:_______ 3. Country Of Residence:______ 4. Loan Amount Required:________ 5. Duration:_____ 6. Gender:_____ 7. Occupation:________ 8. Monthly Income:_______ 9. Date Of Birth:________ 10.Telephone Number:________ 11. Purpose of loan:_________ Yours In Service, MR PERRY, PETERSONLOANAGENCY@GMAIL.COM

  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

  4. I was under the impression that fencing is not allowed on a front yard and that on a corner, both sides are considered "front" yards, therefore can't be fenced without a variance. Also impedes the visibility for drivers at the intersection. Am I understanding this correctly? Might be why a fence was not included in the plans and a request for a variance will have to be made?.

  5. I was a big fan of Cowards and Carrots, which I got a chance to see at the show. It's currently on Kickstarter, but the designer also put out What's He Building in There last year, which got a fair amount of buzz.

ADVERTISEMENT