They’re wondering if Angie’s List will be like ExactTarget, whose acquisition spawned job growth, or if jobs will erode over time. They’re also concerned about losing yet another mature, locally based tech firm with a major corporate presence.
Interactive Intelligence in 2014 said it would add 430 Hoosier employees—plans it leveraged to hash out city and state tax incentive agreements. But it's local employment hasn't changed much since.
Fresh off plans to add nearly 200 employees by 2019, Clear Software hired a vice president of sales from Interactive Intelligence.
In a federal lawsuit, a Maryland-based shareholder claims the $60.50 per-share offer for Interactive Intelligence by Genesys Telecommunications Laboratories undervalued the local software firm.
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.
Tech observers said they view Interactive’s sale as a net positive for the city, mostly because exit events spur some employees to invest their money and talent in new places.
Brown talks to IBJ about what he’s planning to do after his company, Interactive Intelligence, is sold.
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.
Indianapolis-based Interactive Intelligence Inc. has filed a federal patent lawsuit against Avaya Inc., a competitor with which Interactive Intelligence also had a long-standing patent license agreement.
With shares riding a two-year high and quarterly earnings beating estimates, Interactive Intelligence CEO Don Brown joshed around with analysts a bit Monday about acquisition rumors.
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.
Interactive Intelligence CEO Don Brown said his company’s new cloud-based software has “taken off like crazy,” and the firm is bullish on virtual reality technology.
Interactive Intelligence Group Inc. on Monday said it lost $13.3 million in the first quarter in a financial performance that failed to live up to the expectations of industry analysts.
Fathom Voice, which sells cloud-based phone systems, is close to completing a $4 million fundraising round as it opens a San Francisco office and adds a prominent state official to its executive team.
Interactive Intelligence Group Inc. on Monday reported a loss of $3.5 million in the fourth quarter, but the financial results topped the expectations of analysts.
Indianapolis-based software firm Interactive Intelligence lost $9.8 million on $97.4 million in revenue in the third period, surpassing analysts’ expectations.
Interactive Intelligence CEO Don Brown invested three years ago in a startup formed by an exiting employee. Last year, Interactive bought that startup–OrgSpan–and the move is starting to pay off.
The Indianapolis-based software and cloud-services company reported revenue of $96.3 million in the second quarter, up 21 percent from the $79.8 million it brought in a year ago.