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Interactive Intelligence Named Nation's 7th-Fastest Growing Small Software Co.

June 10, 2008

An online IT community today named a united IP business communications solutions company based in Indianapolis as one of the 60 fastest-growing software businesses in the United States.

 
According to CIOZone, Interactive Intelligence ranks seventh among all U.S. software companies that started in 2007 with between $50 million and $150 million.
 
Interactive Intelligence’s chief executive officer, Donald E. Brown, said his company’s growth is due mainly to its all-in-one communications software suite, a product that’s designed to ease an organization’s transition to Voice over Internet Protocol.
 
“We’re pleased to have exceeded our original growth targets for the year, which beat overall market growth, and look forward to continuing to deliver innovative communications products that help customers lower costs and improve service,” Brown said.
 
According to CIOZone, whose ranking is based on 2007 revenues and profits of publicly held U.S. software companies, Interactive Intelligence’s revenue last year was $109.9 million – an increase of 32 percent from $83 million in 2006 for a company that’s reported consecutive quarterly profitability since 2004.
 
Interactive Intelligence is in the right business, according to CIOZone’s Robert Hertzberg.
 
Software that increases the efficiency of corporate data centers, or that runs as an Internet-delivered service, is “on a roll,” according to Hertzberg. “Most of the fastest-growing software companies are doing one or the other.”
 
In all, the revenue of public U.S. software companies jumped 24 percent in 2007, to $151.4 billion from $122.3 billion, according to CIOZone.
 
“While it was a good year for many software vendors, it was particularly good for companies that have discarded the older paradigm of install-and-maintain and are making their products available as online subscriptions,” Hertzberg said.
 
Interactive Intelligence released its all-in-one IP communications software suite in 1997 – a product that offers standards-based, single-platform architecture designed to eliminate the cost and complexity introduced by multi-point products.
 
Company officials say their product line includes multi-channel routing, outbound predictive dialing, IP PBX functionality, call and screen recording, workforce management and unified messaging.
 
Michael Dinan is a TMCNet Editor. To read more of his articles, please visit his columnist page.
 
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