Interactive Intelligence Acquires Latitude
Interactive Intelligence has just acquired Global Software Services, Inc., also known as Latitude Software, which provides debt collection software and services.
In an all-cash transaction, Interactive Intelligence purchased 100% of Latitude's stock at a price of approximately $14 million. Latitude Software has no outstanding debt, and has had an increase in revenue of 46% up from the previous year.
Interactive Intelligence notes some key points about the announcement: