INDIANAPOLIS and JACKSONVILLE, Fla. — Interactive Intelligence (Nasdaq: ININ), a global provider of unified IP business communications solutions, has acquired Global Software Services, Inc., doing business as Latitude Software, a privately-held provider of debt collection software and services.
Interactive Intelligence purchased 100 percent of Latitude’s stock for approximately $14 million in an all-cash transaction funded from Interactive Intelligence’s cash-on-hand.
On a trailing twelve month basis ending Sept. 30, 2010, Latitude recorded revenue of approximately $7.8 million, up 46 percent over its revenues during the prior twelve month period. Latitude has no outstanding debt.
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