Contact centre company Genesys to buy Interactive Intelligence

Friday, 02 Sep, 2016

"They sell their products into three large and growing markets-call (or contact) centers, enterprises and service providers".

United States of America based company, Interactive Intelligence Group Inc.'s (ININ)'s latest closing price was 59.89% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 21.94% and 3.37% compared with the 20 Day Moving Average.

Net (Loss) Income: The company's GAAP net loss was $10.2 million, or $0.46 per diluted share based on 22.1 million weighted average diluted shares outstanding, compared to GAAP net loss of $5.1 million, or $0.24 per diluted share based on 21.5 million weighted average diluted shares outstanding in the same quarter of 2015.

The $60.50 per share offer represents a 36% premium to Interactive's close on July 28, a day before Reuters reported that the company was considering strategic alternatives. It's 6.8 percent above Tuesday's closing price. For the current year Interactive Intelligence Group Inc (NASDAQ:ININ) has set to release EPS of $-0.08 as per the sentiments of 9 analysts, however according to 9 analysts, the company expected to release $0.25 EPS for next year. ININ CEO Dr. Don Brown, who owns 17% of ININ stock, has also agreed to vote in favor of the deal. The firm's quarterly revenue was up 13.0% on a year-over-year basis.

Together, the companies will provide a broad customer service experience for businesses of all sizes around the world. "We will significantly invest across the entire Interactive Intelligence product portfolio".

Just last month, Genesys received $900 million in funding from private equity group Hellman & Friedman in order to help the call center software leader expand its business. The sources went on to say that it also intends to take over Avaya Inc.'s call centers to further improve its operations. It will have ININ stockholders getting $60.50 per share in cash. LOW market capitalization is 67.45B with 180000 employees. (NASDAQ:ININ) was up +5.61% ($3.18) to $59.85 and showed a volume of 4.93 mln shares. The company has its Price to Sales (P/S) ratio of 3.27 where Price to Book (P/B) ratio of 7.65, Price to Cash Per share (P/C) of 8.14 and Price to Free Cash Flow (P/FCF) has a value of 148.31. Additionally, the stock advanced 91.41% from the beginning of 2016. TH Capital downgraded the shares of ININ in a report on September 1 to "Neutral" rating.

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