Publicly traded Determine Inc. generated fanfare when it announced it was moving its headquarters here and adding 24 jobs to the 35 already here. But many investors have been betting against it for years.
CEO Scott Durchslag said Tuesday the company wants to be proactive instead of reactive when it comes to courting suitors, a stark shift from his tone about the matter last year. Also, the company is gearing up to slash jobs in a cost-cutting effort.
The Indianapolis-based software firm fielded escalating offers over the years until a last-second reduction in bid price from buyer Genesys Telecommunications Laboratories Inc., according to a new public filing.
In the immediate wake of news Wednesday that Interactive Intelligence Group Inc. had agreed to be acquired for $1.4 billion, Indianapolis tech leaders bubbled with praise for CEO Don Brown and with enthusiasm for the possible impact on the city.
For the third time in a decade, CEO Jeff Smulyan is making an offer for the outstanding shares of Emmis Communications Corp., which runs radio stations and magazines in Indianapolis and major U.S. markets.