Interact Electronics Inc was a privately held company that was funded by Hongiman, Miller, Swartz and Cohn, a law firm out of Detroit.

The President/Founder of Interact Electronics Inc was Ken Lochner, who was one of the original developers of the BASIC language based out of Dartmouth College.

Ken had started Interact Electronics Inc after founding the successful computer time-sharing company Cyphernetics in Ann Arbor, which was purchased by ADP in 1975.

The Interact Model One Home Computer debuted at the Consumer Electronics Show in Chicago in June 1978, at a price of US$499 (equivalent to $2,300 in 2023).

Customers began hooking up the Interact to control everything from lights in their house, doors, windows, smoke detectors, to a Chevrolet Corvette.