Indy Tech Company Octiv Acquired

Posted: Updated:
OCTIV is the company formerly known as TinderBox. OCTIV is the company formerly known as TinderBox.
INDIANAPOLIS -

Indianapolis-based sales technology company Octiv is being acquired by a Colorado company. Conga, which Octiv Chief Executive Officer David Kerr calls "the leader in the end-to-end intelligent document solution space," will add Octiv's platform to its automation suite. Kerr says Octiv's Indianapolis operation will remain local, adding the company will "accelerate investment in innovation." In 2016, the company, formerly known as TinderBox, announced a $3 million expansion and plans for more than 200 new jobs in Indianapolis.

The companies are not releasing the financial details of the acquisition. Kerr says Octiv will move forward under the Conga brand, adding he doesn't know where the Octiv name might be used.

Conga, based in Broomfield, Colorado, bills itself as "the global leader in intelligence document automation." The company says its suite provides data automation, document, contract and reporting services. CEO Matthew Schiltz says Octiv's platform "strategically complements the Conga Suite," which the company says is used by more than 8,000 customers.

Octiv launched as TinderBox in 2010 by tech industry veterans Kristian Andersen, Dustin Sapp and Mike Fitzgerald. It won the 2015 Emerging Tech Company of the Year Award at TechPoint's 2015 Mira Awards. In 2016, the company completed a nearly $5 million round of funding, led in part by GE Ventures. In early 2017, Octiv named David Kerr CEO, succeeding Dustin Sapp, who stepped down for a sabbatical. Kerr had previously served as the company's chief operating officer.

  • Perspectives

    • Hope is Not a Plan

      This is sobering. A local business broker in Indianapolis reports nine out of 10 business owners who want to sell are turned away. Of the one in 10 that does make it past the first analysis to sell, over half of those company owners don’t get the sale price they hope for or believe the business is worth. Bottom line, hope is not a plan if you want to sell your business.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Brooke's Candy Refocuses, Will Close Terre Haute Shop

      Dana-based Brooke's Candy Co. says it will close its downtown Terre Haute retail shop June 1. The location opened less than two years ago and is the company's second storefront. In a message on Facebook, Brooke's Candy Co. says the decision will allow it to focus on the Brooke's Naturals line, which includes cookie, brownie, cake and bread mixes. The company calls it a tough decision, saying...

    • Angela Smith Grossman

      DCS Appoints Assistant Deputy Director

      The Indiana Department of Child Services has promoted Angela Smith Grossman to assistant deputy director of field operations, a new position that will focus on enhancing the agency’s foster and collaborative care programs. She has been with DCS for more than 27 years. During her tenure with DCS, Smith Grossman served as a regional manager, local office director and family case manager supervisor.  

    • (photo courtesy of Wilson St. Pierre Funeral Home)

      Chateau Thomas Winery Owner Dies

      The owner and president of Chateau Thomas Winery in Plainfield has died. Charles Thomas, a longtime OB-GYN who practiced for more than 30 years, founded the winery in 1984 along with his wife, Jill. He was 86.

    • Picture Courtesy: Indianapolis Airport Authority

      Indy Airport Among 'World's Best Domestic Airports'

      Travel + Leisure Magazine has named Indianapolis International Airport one of readers' favorite domestic airports in the world. The airport landed the second spot on the magazine’s 2019 World’s Best Awards. .

    • (Provided Photo/Indianapolis Zoo)

      Top Nature Group to Locate Global Center in Indianapolis

      Indianapolis Zoo President Dr. Rob Shumaker has signed an agreement with the world’s largest and most important environmental conservation organization to locate a first of its kind global center in Indianapolis. The agreement with the International Union for the Conservation of Nature creates the first Global Center for Species Survival, which will support an estimated 9,000 experts and scientists around the world and make Indianapolis a hub for...