Interactive Intelligence completes holding company reorganisation
Interactive Intelligence Inc., a global provider of unified IP business communications solutions, has completed its previously announced holding company reorganisation. A new Indiana corporation, Interactive Intelligence Group Inc., or ININ Group, has replaced Interactive Intelligence Inc. (“Interactive Intelligence”) as the publicly held corporation.
As the market open on, 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 reorganisation 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 reorganisation.
As a result of the reorganisation, 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 reorganisation as they held immediately prior to it.
The reorganisation was generally tax-free for Interactive Intelligence shareholders. The reorganisation was approved at Interactive Intelligence’s annual meeting of shareholders on June 10, 2011.
About Interactive Intelligence
Interactive Intelligence Inc. (Nasdaq: ININ) is a global provider of unified business communications solutions for contact centre 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 Shares of new holding company to commence trading on the Nasdaq global select market under ticker symbol “ININ”
-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 firstname.lastname@example.org; on the Net: www.inin.com.