Interactive Intelligence completes holding company reorganization

IP business communications solutions provider Interactive Intelligence (NASDAQ: ININ) has completed its previously announced holding company reorganization, becoming Interactive Intelligence Group Inc., or ININ Group.

The company said the reorganization will enhance its 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.

Interactive Intelligence founder, president and CEO, Donald E. Brown in April said recent acquisitions had extended ININ's addressable market into areas including content management and accounts receivable management.

"Our vision is to continue to evolve with similar acquisitions, and this reorganized company structure will enable us to make the best use of our overall infrastructure, while enabling each business to focus on its unique customer needs," Brown said.

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.

Interactive Intelligence is a global provider of unified business communications solutions for contact center automation, enterprise IP telephony and business process automation. Its solutions can be deployed via an on-premise or hosted model and include vertical-specific applications for insurance and collections.

For more:
- see this release

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