Demonstrates Union Square Advisors’ continued strength in advising leading technology companies on the most important, industry-defining transactions
On August 31, 2016, Genesys (www.genesys.com) announced that it has entered into a definitive agreement to acquire Interactive Intelligence (Nasdaq: ININ) (www.inin.com) for $60.50 per share in cash. The proposed transaction has a total equity value of approximately $1.4 billion. The purchase price represents a 36% premium to Interactive Intelligence’s unaffected closing stock price on July 28, 2016, the trading day prior to media reports that Interactive Intelligence was considering strategic alternatives, and a premium of 42% to the 30-calendar day average closing price prior to the unaffected closing price on July 28, 2016.
Dr. Don Brown, Chairman, President and Chief Executive Officer, Interactive Intelligence said, “We have been working for the past 22 years to build an outstanding company with innovative, disruptive technology solutions that transform businesses. I am confident that our agreement with Genesys, which follows a careful evaluation of strategic alternatives, provides Interactive Intelligence shareholders with immediate and significant value, and will deliver meaningful benefits to our customers, partners and employees. The combination of Genesys and Interactive Intelligence provides a complete portfolio to address all market segments by combining Interactive Intelligence’s PureCloud, Cloud Communications-as-a-Service (CaaS), and Customer Interaction Center (CIC) with Genesys’ offerings. I am excited for the combined company to continue to grow and meet the needs of organizations around the world.”
The transaction is expected to close by the end of the year, subject to customary closing conditions, including regulatory approval and approval by Interactive Intelligence shareholders. The transaction has been unanimously approved by Interactive Intelligence’s Board of Directors and Genesys’ Operating Committee. Dr. Brown, who owns approximately 17% of Interactive Intelligence shares, has agreed to vote his shares in favor of the transaction. The transaction is not contingent upon financing.
About Interactive Intelligence
Interactive Intelligence Group, Inc. (Nasdaq: ININ) is a global leader of cloud services for customer engagement, communications and collaboration designed to help businesses worldwide improve service, increase productivity and reduce costs. Backed by more than 6,000 global customer deployments and 150-plus pending patent applications, Interactive Intelligence offers reliable, secure and scalable customer engagement and business communications solutions both in the cloud and on-premises. It’s also the only company recognized by the top global industry analyst firm as a leader in both the cloud and on-premises customer engagement markets. The company is headquartered in Indianapolis, Indiana and has more than 2,000 employees worldwide. Learn more about Interactive Intelligence at www.inin.com.
Genesys is a leading Customer Experience Platform that empowers companies to create effortless omnichannel customer experiences, journeys, and relationships. Since 1990, Genesys has been enabling businesses to intelligently management interactions and improve customer satisfaction. Genesys is trusted by over 4,700 customers in 120 countries to orchestrate over 25 billion contact center interactions per year in the cloud and on premises. For more information, please visit www.genesys.com.
About Union Square Advisors
Union Square Advisors LLC is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution as well as agented private capital financing services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity and venture capital firms across the technology landscape with a primary focus on Software, Software-Enabled Services, IT Infrastructure and Internet/Digital Media/Marketing Technology. Since inception, Union Square Advisors has advised on over 60 transactions, valued in excess of $80 billion. For more information, visit www.usadvisors.com.