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Permira, TCV, H&F-Owned Genesys to Buy Interactive Intelligence $ININ for $1.4B


July 29, 2016 — Indianapolis, Indiana-based call center software and cloud services provider Interactive Intelligence Inc. (NASDAQ: ININ) is said to be exploring exit strategies. The company is working with boutique investment banking firm Union Square Advisors LLC on a sale process, Reuters reported. The firm is based in San Francisco, with an additional office in New York, and specializes in the technology sector. The company’s shares were up over 21% on Friday afternoon, trading at close to $54.00 per share, which brought its market value to roughly $1.21 billion. In a sign of ongoing industry consolidation, the news comes only a few days after Citrix Systems Inc. (NASDAQ: CTXS) agreed to merge its GoTo collaborative communications business with LogMeIn Inc. (NASDAQ: LOGM) in a deal valued at $1.8 billion. In May, Santa Clara, Calif.-based rival Avaya, a portfolio company of private equity firms Silver Lake and TPG Capital, engaged Goldman Sachs and Centerview Partners to explore a possible sale of the company. Avaya was originally spun off Lucent Technologies. A few days earlier, Israeli enterprise software solutions provider NICE Systems (NASDAQ: NICE) agreed to acquire Salt Lake City, Utah-based inContact Inc. (NASDAQ: SAAS), a leading provider of cloud contact center software, for $940 million. Other competitors of Interactive Intelligence and companies in related fields include Cisco (NASDAQ: CSCO), Genesys (majority-owned since 2012 by private equity firms Permira and Technology Crossover Ventures), RingCentral (NYSE: RNG), ShoreTel (NASDAQ: SHOR), and private equity-backed Aspect Software. Interactive Intelligence has strategic partnerships with companies such as HP, IBM, Microsoft, Polycom and Salesforce.com. The company’s products are used across a range of vertical industries, including accounts receivable management, banking, government, healthcare, insurance, manufacturing, utilities and retail. The company was founded in 1994 by Don Brown, chairman, president and CEO.]]>