As a result of the deal, the software company, maker of Quickbooks, will incur an operating loss of as much as $85 million.
The data center company's offering would be the third-largest of the year in the tech sector behind Snap and Altice.
Lured by cost savings, corporate IT is shifting from data centers and company-owned servers to the public cloud.
But only 19% of IT organizations are planning to cut staffing levels, says Computer Economics.
CFO Stacy Smith will take on a new, unnamed role "leading sales, manufacturing, and operations."
But concern arises about slowing momentum in the semiconductor maker's data-center division.
Microsoft is challenging a U.S. search warrant for customer emails stored in a data center in Ireland.
The new CFO of Interactive Intelligence Group will try to balance on-premises software against the priority of a cloud solution.
Companies are steering away from fixed-structure data centers in large buildings to modular data centers that are easier to deploy and more cost effective.
Packaged-enterprise applications may be popular, but a successful company will focus on its IT infrastructure.
