As of October 1st, Interac will cease to exist, being bought out by Advantage Partners. This comes from the General Union, which cites an August 24 official government gazette containing the notice of the buyout. More about the buyout can be found on ESL Cafe and Hoofin's blog.
According to the GU's post, Interac and its owner, Selnate, will merge with Alphis (president: Josh Porter). The same Josh Porter is also president of AP18 (Advantage Partnets), which will assume the legal rights and duties of the deal.
The GU then wonders what will happen to Interac's ALTs.
There are plenty of unknowns for teachers, but equally important is why Interac is being dissolved. One can assume that it's all about money. Eikaiwa has been in the dumps for a long time, with major schools Nova and GEOS going bankrupt. When Interac has been in the news, it has been for all the wrong reasons. Interac is notorious for its poor working conditions and illegal dispatch contracts. Most recently, it has been found guilty of unfair labor practices and the Osaka Prefectural government has informed its divisions not to enter into contracts with Interac.
If it's past has finally caught up with it, dissolving the company and re-emerging under a new name looks like a way to dodge any legal and financial obligations. Unfortunately, it leaves the teachers working there in limbo.