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May 18, 2009
“We acquired AcroSoft to increase our presence in what is already a strong vertical market for us, currently numbering more than 75 insurance customers, including American Family Insurance, Securian, Western & Southern, and many others,” said Interactive Intelligence founder and CEO, Dr. Donald E. Brown. “This acquisition also lays the groundwork for incorporating additional document management capabilities into our all-in-one communications software suite, and extending that functionality to other vertical industries and horizontal processes.”
Interactive Intelligence purchased 100 percent of the AcroSoft stock in an all-cash transaction. Financial terms were not disclosed. Under the terms of the agreement, AcroSoft will operate under the Interactive Intelligence brand name. The company plans to maintain AcroSoft’s current headquarters in Columbia, S.C., and to hire additional software developers, support technicians, and salespeople in both Indianapolis and Columbia.
Interactive Intelligence intends to enhance the AcroSoft product line with regular updates while building a next-generation version with expanded capabilities and integration to its other products, the company said. AcroSoft staff will continue to service and support existing and new customers, both directly and through its partner channels.
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