Indy Tech Company Octiv Acquired
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-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.