Smart Libraries Newsletter [March 2013]

Innovative Interfaces Ownership Update

Breeding, Marshall.

Copyright (c) 2013 ALA TechSource

SummarySmart Libraries Newsletter has previously reported on the majority acquisition of Innovative Interfaces, Inc. and SkyRiver Technologies by a pair of private equity firms, Huntsman Gay Global Capital and JMI Equity. In the initial transaction, company cofounder Jerry Kline sold the majority of the company, but retained a stake and served as the chairman of a newly constituted Board of Directors. In a subsequent transaction that closed the end of January 2013, Kline divested his remaining shares to the investment firms. Huntsman Gay and JI Equity now own 100 percent of Innovative Interfaces and SkyRiver. No information is publicly available regarding financial details such as the valuation of the company or the portion of shares retained by Kline following the initial transaction. Kline also has resigned from the company's board of directors, having divested his ownership and concluding his strategic and operational involvement.

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Publication Year:2013
Type of Material:Article
LanguageEnglish
Published in: Smart Libraries Newsletter
Publication Info:Volume 33 Number 03
Issue:March 2013
Page(s):5-6
Publisher:ALA TechSource
Place of Publication:Chicago, IL
Show FT:N
Company: Innovative Interfaces, Inc.
ISSN:1541-8820
Permalink: http://www.librarytechnology.org/ltg-displaytext.pl?RC=18076
Record Number:18076
Last Update:2013-06-22 16:08:11
Date Created:2013-06-22 16:03:07