The Selling Company: Interact, Inc. operated from Lincoln, Nebraska and Austin, Texas. This company provided carrier quality software such as interactive voice response systems to customers worldwide.
Why the company was sold: The selling shareholders wanted to retire.
Capital Alliance’s Performance: After review by many prospective acquirers, Capital Alliance negotiated a favorable cash down payment with a strategic buyer that can bring much new business to the selling company. This transaction was difficult because the selling company had several years of losses.
Terms of the Transaction: A relatively large cash payment at the closing plus an earnout.
The Acquiring Company: NewNet Communication Technologies, LLC – a Skyview Capital company. NewNet provides a wide variety of software systems to the telecom industry.