Aug. 5: Insider perspectives
on Indatus acquisition
What’s it like to be on the inside of a major acquisition? Come to Venture Connectors’ Aug. 5 luncheon to find out. Our featured speakers, Indatus CEO, David Durik, and president, Phil Hawkins, will discuss what it takes to create, nurture and structure a major exit like the one Indatus underwent earlier this year. Click here to register. Click here to read coverage of the event in Business First.
On June 2, Carrollton, Texas-based RealPage Inc. announced it acquired select assets of ICIM Corp., which is marketed under the trade name Indatus, for about $49 million. Founded by Durik as Planet Telecom in 1989, Indatus provides a suite of cloud-based, smart-answer automation and routing solutions that handle maintenance calls for more than 11,000 apartment communities. RealPage plans to combine Indatus’ offerings with its live-agent services.
In 2014, Indatus ranked No. 3 on Business First’s list of the area’s largest information technology services companies. Indatus also ranked No. 11 on the weekly business journal’s 2010 Fast 50 list of Louisville’s fastest-growing private companies.
Most recently, President Obama chose Indatus’ headquarters at 118 E. Main St. as the location for his Louisville visit in April, where he discussed his TechHire initiative. Indatus was selected for the presidential visit because it participates in Code Louisville, a software-development training program geared toward people with non-technical backgrounds.
Durik earned a bachelor’s degree in business administration from the University of Kentucky. He worked in commercial banking before starting ICIM Corp., which was rebranded as Indatus in 2010. He has served as CEO since 2003.
Hawkins earned a bachelor’s degree in communications from UK. He has served as partner and president of Indatus since 1994.
Venture Connectors’ luncheon meetings are held on the first Wednesday of each month at the Muhammad Ali Center, 144 N. Sixth St. Doors open at 11:30 a.m., and the meeting runs from noon-1:15 p.m. Members attend free; associate members pay $30. Guests who register online by noon the day before the lunch pay only $40. Click here to RSVP for the Aug. 5 event!
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Muhammad Ali Center
144 N.Sixth St.
Louisville, KY 40202
Phone: (502) 584-9254
2015 Who's Been Funded
23- Companies funded
$53,921,000 - Capital raised
2014 Who's Been Funded Final Results
43 - Companies funded
$60,068,470 - Capital raised