Interactive Intelligence Completes Holding Company Reorganization
July 01 2011 - 9:00AM
Business Wire
Interactive Intelligence Inc. (Nasdaq: ININ), a global provider
of unified IP business communications solutions, has completed its
previously announced holding company reorganization. A new Indiana
corporation, Interactive Intelligence Group Inc., or ININ Group,
has replaced Interactive Intelligence Inc. (“Interactive
Intelligence”) as the publicly held corporation.
At the market open today, July 1, 2011, the shares of ININ Group
common stock will commence trading on the Nasdaq global select
market under the ticker symbol “ININ” under the new CUSIP number
45841V109. Future filings by the company with the Securities and
Exchange Commission will be filed by ININ Group.
The purpose of the reorganization is to provide the company with
enhanced strategic, operational, and financing flexibility; improve
its ability to determine financial results and profitability of
different lines of business; and better manage tax expenses and
exposure to liabilities. The business operations, directors, and
executive officers of the company will not change as a result of
the reorganization.
As a result of the reorganization, Interactive Intelligence has
become a wholly-owned subsidiary of ININ Group. In addition,
Interactive Intelligence shareholders have automatically become
shareholders of ININ Group on a one-for-one basis, holding the same
number of ININ Group shares and the same ownership percentage after
the reorganization as they held immediately prior to it.
The reorganization was generally tax-free for Interactive
Intelligence shareholders. The reorganization was approved at
Interactive Intelligence’s annual meeting of shareholders on June
10, 2011.
About Interactive IntelligenceInteractive Intelligence
Inc. (Nasdaq: ININ) is a global provider of unified business
communications solutions for contact center automation, enterprise
IP telephony, and business process automation. The company’s
solutions, which can be deployed via an on-premise or hosted model,
include vertical-specific applications for insurance and
collections. Interactive Intelligence was founded in 1994 and has
more than 4,000 customers worldwide. The company is among Software
Magazine’s 2010 Top 500 Global Software and Services Suppliers, and
Forbes Magazine’s 2010 Best Small Companies in America. The company
employs approximately 900 people and is headquartered in
Indianapolis, Indiana. It has 19 offices throughout North America,
Latin 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: www.inin.com.
This release may contain 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
increasingly complex 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.
ININ-G
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