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.
Interactive co-founder and CEO Don Brown said he will leave the company after the sale closes late this year. The all-cash purchase price represents a 36 percent premium to where the shares traded before word of the potential deal leaked this summer.
Shares in Interactive Intelligence Group Inc. jumped nearly 20 percent Friday after Reuters reported that the Indianapolis-based software firm was exploring “strategic alternatives,” including a potential sale.
Founder Don Brown, 58, has been CEO, president and chairman of Interactive Intelligence since the company launched in 1994. He talked with IBJ recently about the tech firm's recent milestone, its 20th anniversary.