Interactive Intelligence To Buy OrgSpan

(RTTNews) - Interactive Intelligence Group Inc. (ININ) said Thursday that it has entered into a letter of intent to acquire OrgSpan Inc., a privately held company that offers cloud-based enterprise social communications solutions.

Subject to the negotiation of definitive documentation approval by the Interactive Intelligence audit committee and board, and the satisfaction of customary conditions, the companies expect to close the deal within 30 days.

Interactive Intelligence plans to continue to sell and support OrgSpan Select and OrgSpan Connect, both on a standalone basis and as add-on applications to its cloud and on-premises IP business communications solutions. Interactive Intelligence will also incorporate these products into its future cloud offerings.

Interactive Intelligence does not expect the deal to have a material impact on revenues and other financial results in 2014.