Indatus CEO: Keeping jobs in Louisville part of $49 million sale
LOUISVILLE, Ky. (WDRB) – About 80 jobs at local tech company Indatus will remain in Louisville despite the pending sale of most of the company to RealPage, a Carrollton, Texas firm providing software to the rental housing industry, Indatus CEO and co-founder Dave Durik said.
Indatus, the site of President Obama's visit to Louisville only two months ago, sells an automated system for handling maintenance calls to 11,000 apartment complexes around the country.
RealPage agreed to pay about $49 million for Indatus, which is co-owned by Durik and business partner Phil Hawkins.
As part of the sale, RealPage revealed that Indatus had a pre-tax profit of $2.4 million on $11.5 million in revenue for the year ended March 31, 2015.
Durik said he's “100 percent confident” the 80 employees that RealPage will acquire are going to remain in Louisville because RealPage signed a 3-year lease for Indatus' current office space at 118 E. Main Street, with options to renew. Durik and Hawkins own the historic building through a separate company.
A RealPage spokesman did not immediately return a call.
“One of the major criteria in choosing RealPage was the fact that they made a commitment to keep those jobs in town,” Durik said, adding that there were other potential suitors for Indatus. “I think they are really going to invest and hopefully grow that company and add more jobs in Louisville."
Meanwhile, Durik and Hawkins' ICIM Corp. will continue with about 20 employees under a new trade name, Voitress, working on “hosting voice applications in our cloud.”
“We've got a lot of expertise and talent in that area,” Durik said. “We're excited about building that out and hopefully adding a bunch of new jobs in Louisville as well.”
Durik said the sale to RealPage represents the culmination of 25 years of entrepreneurial effort.
“It's nostalgic in some respects,” he said. “We birthed this thing and built it to what it is, and we've got a tremendous crew of people behind it.”
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