Aprimo sale mints a slew of millionaires

If you wonder how many Hoosiers and Indiana institutional investors were made millionaires by the $525 million sale of Aprimo, co-founder and President Bill Godfrey has your answer: 23.

The figure includes a dozen local employees and 11 non-employee Hoosiers or institutional investors. Some were millionaires before the sale, but they now have at least another million in their pockets.

Venture capital firms with a stake in Aprimo included Cincinnati-based Blue Chip Venture Co. and four others in Boston, Chicago, New York and Seattle.

A lot of other people made money when the sale to Ohio-based Teradata closed in January. Aprimo generated at least $50,000 for 471 people and institutions. Of the 471, 211 are in Indiana.

Impressive, certainly. Even more impressive would be seeing some of those earnings plowed back into startups. It’s hard to remember that Aprimo itself was a startup 13 years ago.

Godfrey points out in an e-mail that Aprimo operations “will remain in Indianapolis as we chart our next wave of growth.”

He also says, “Given the profile of Aprimo’s employees and investors, whose careers are centered on building high-growth technology companies, I would anticipate that a meaningful amount of these profits will be re-invested into the next generation of technology start-ups in Indiana.”

Please share your thoughts.

Please enable JavaScript to view this content.

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}