Interactive Intelligence Group — the software maker founded in 1994 for call centers, a corporate IP telephony and business process automation. The company calls the strategic partners such IT giant as Hewlett-Packard Enterprise (HPE), IBM, Microsoft, Polycom and Salesforce.com. Interactive Intelligence competes with Avaya, Cisco, Aspect and Genesys.
2016: Genesys buys Interactive Intelligence for $1.4 billion
On August 31, 2016 the developer of solutions for contact centers of Genesys announced purchase of Interactive Intelligence for $1.4 billion.
Under the terms of the agreement, Genesys will pay from own means $60.5 counting on each stock Interactive Intelligence that is 36% more than the cost of securities by July 28, 2016 — a day before emergence in media of information that the management of Interactive Intelligence considers different options of further business development, including sales opportunity of the company.
In comparison with share price to closing of the exchange on August 30, 2016 the price offered Genesys was 6.8% higher. Before the main biddings on August 31 the quotations of Interactive Intelligence jumped by 5.3% up to $59.66, The Wall Street Journal reports.[1]
Genesys expects to close the transaction by the end of 2016. At first regulating authorities and shareholders of Interactive Intelligence should approve it. The chairman of the board of directors and the CEO of the absorbed company Don Brown who possesses 17% of stocks, intends to recommend the transaction to other shareholders.
The analyst of Atlanta Terry Tillman considers that she in the course of transition to cloud model of distribution of software Interactive Intelligence could meet difficulties, remaining the public company. Genesys, being private, will save Interactive Intelligence from skeptical estimates of Wall Street, Bloomberg notes.
According to news agency, Genesys which received in July $900 million investments from private fund Hellman & Friedman was going to use these means for expansion of business and considered the possibility of purchase of call centers of Avaya.[2]
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |