Inte Q acquires Teleformix

OAKBROOK TERRACE - Inte Q, a sponsor-funded customer loyalty program and customer relationship management services provider, said it has acquired Itasca-based Teleformix LLC, a developer of participant-funded customized loyalty and affinity solutions.

Terms of the acquisition were not disclosed. The combined company has annual revenues in excess of $60 million and more than 200 employees in the U. S. and U.K.

"Together, Inte Q and Teleformix will deliver unparalleled, innovative, affordable solutions to our clients' strategic brand loyalty management needs," said Inte Q CEO Jeffrey Harris. "This combination is a game changer for our collective and growing base of clients, employees and partners.

"In an industry where insight and responsiveness drive client satisfaction, the combined entity will offer a superb talent base, best-of-class technology platforms, unique product and service offerings, world class analytics and international reach,"

Inte Q has established a merger integration team headed by Steve Kietz, Inte Q president, and assisted by Scott Dzierzynski, Teleformix CEO & Dave Martin, chief people officer at Inte Q.

The company expects the integration to be fully completed by 4th quarter of 2015 at which point it company name will change to Inte Q Global LLC.

Inte Q was advised by the investment banking firm of River Branch Holdings LLC, which recently entered into a definitive agreement to be acquired by Piper Jaffrey Companies, and the law firm of Benesch, Friedlander, Coplan & Aronoff LLP. Teleformix was advised by Mesirow Financial, Inc.'s Investment Banking group and the law firm of Freeborn and Peters