Interactive Intelligence Acquires AcroSoft Corp.
May 18 2009 - 8:00AM
Business Wire
Interactive Intelligence (Nasdaq: ININ), a global provider of
unified IP business communications solutions, has acquired
privately-held AcroSoft Corp., a provider of insurance content
management solutions.
�We acquired AcroSoft to increase our presence in what is
already a strong vertical market for us, currently numbering more
than 75 insurance customers, including American Family Insurance,
Securian, Western & Southern, and many others,� said
Interactive Intelligence founder and CEO, Dr. Donald E. Brown.
�This acquisition also lays the groundwork for incorporating
additional document management capabilities into our all-in-one
communications software suite, and extending that functionality to
other vertical industries and horizontal processes.�
Interactive Intelligence purchased 100 percent of the AcroSoft
stock in an all-cash transaction. Financial terms were not
disclosed, but the acquisition is not expected to have a material
impact on Interactive Intelligence�s financial condition or results
of operations for 2009. Under the terms of the agreement, AcroSoft
will operate under the Interactive Intelligence brand name. The
company plans to maintain AcroSoft�s current headquarters in
Columbia, S.C., and to hire additional software developers, support
technicians, and salespeople in both Indianapolis and Columbia.
Interactive Intelligence intends to enhance the AcroSoft product
line with regular updates while building a next-generation version
with expanded capabilities and integration to its other products.
AcroSoft staff will continue to service and support existing and
new customers, both directly and through its partner channels.
�We believe that we can leverage our large development staff and
extensive sales network to build on AcroSoft�s success and grow its
base of more than 40 customers in the mid-sized property and
casualty, life, and third-party administrator insurance markets,�
Brown said. �We further believe we can use these new document
management capabilities to more quickly fulfill our vision of
communications-based process automation (CBPA) applied across a
wide range of industries.�
Interactive Intelligence plans to integrate AcroSoft�s document
management and workflow applications with its all-in-one IP
communications software suite, Customer Interaction Center� (CIC),
and its upcoming CBPA solution, Interaction Process Automation�
(IPA).
�We�re excited to offer customers new options designed to
increase return on investment by consolidating and enhancing
technology for document management, business processes, and
enterprise and contact center communications,� Brown said.
About Interactive Intelligence
Interactive Intelligence Inc. (Nasdaq: ININ) is a global
provider of unified business communications solutions for contact
center automation, enterprise IP telephony, and enterprise
messaging. The company was founded in 1994 and has more than 3,000
customers worldwide. Interactive Intelligence is among Software
Magazine�s top 500 global software and services suppliers, is
ranked among Network World�s top 200 North American networking
vendors, is a BusinessWeek �hot growth 50� company, and is among
FORTUNE Small Business magazine�s top 100 fastest growing
companies. The company is also positioned in the leaders� quadrant
of the Gartner 2008 Contact Center Infrastructure, Worldwide Magic
Quadrant report. Interactive Intelligence employs approximately 600
people and is headquartered in Indianapolis, Indiana. It has six
global corporate offices with additional sales offices throughout
North America, Europe, Middle East, Africa and Asia Pacific.
Interactive Intelligence can be reached at +1 317.872.3000 or
info@inin.com; on the Net: http://www.inin.com.
This release contains certain forward-looking statements that
involve a number of risks and uncertainties. Among the factors that
could cause actual results to differ materially are the following:
rapid technological changes in the industry; the company's ability
to maintain profitability; to manage successfully its growth and
its third-party relationships; to maintain successful relationships
with its current and any new partners; to maintain and improve its
current products; to develop new products; to protect its
proprietary rights adequately; and other factors described in the
company's SEC filings, including the company's latest Annual Report
on Form 10-K.
Interactive Intelligence Inc. is the owner of the marks
INTERACTIVE INTELLIGENCE, its associated LOGO and numerous other
marks. All other trademarks mentioned in this document are the
property of their respective owners.
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