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

    • What Makes Up Quality of Place?

      Economic development is a hot topic these days. With the economy continuing to chug along in robust fashion and unemployment approaching historic lows, communities are refining their objectives and priorities to eek every drop of benefit they can from these financially strong times. Nowhere is this focus greater than with “quality of place,” As cities and states think about how they can distinguish themselves from their peers, a common starting point is developing a...

    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

    • Computer Science, Gaming Collide With 'Hour of Code'

      Elementary school students in the Metropolitan School District of Decatur Township in Indianapolis are getting an early lesson in coding through the international Hour of Code program. The initiative is designed to give people an introduction to computer science and coding, and Lynn Hodgkin, elementary media coordinator for the district, says it takes a game-centered approach to teaching coding to kids. The students are participating in the Hour of Code at the...

    • The Heritage Group Founder to be Remembered

      Services are set for noted businessman and philanthropist Fred Fehsenfeld, founder of Indianapolis-based The Heritage Group, who passed away last week at the age of 94. Fehsenfeld, a graduate of Purdue University and decorated World War II veteran, will be remembered Saturday during a Celebration of Life, at The Center on the northwest side of Indianapolis.

    • St. Vincent Names Manas Regional President

      Julie Manas has been selected to serve as regional president of the St. Vincent North Region, which includes St. Vincent Anderson, Carmel, Fishers, Kokomo, Mercy, Randolph and Williamsport hospitals. She has more than 30 years of healthcare experience and most recently comes from Hospital Sisters Health System, Western Wisconsin Division, where she held the role of president and chief executive officer.

    • On-Air

      Find out when and where you can watch and listen to our reports.

    • The Amazon Effect: How Big is The Economic Impact?

      Jeff Bezos, CEO of Amazon, increased his net worth by $6.44 billion dollars just by saying a few words. He announced the company's earnings on October 26, 2017, and Amazon stock jumped 8 percent. How are you impacted by the Amazon Effect?