Intrado to Divest Flowroute Business
09 März 2022 - 9:00PM
Intrado Corporation (“Intrado” or the “Company”), a global leader
in technology-enabled services, today announced it has sold the
assets of the Flowroute business to BCM One, a leading provider of
NextGen Communications and Managed Services for IT leaders and
resellers.
Flowroute is a cloud-based communications
platform that enables communication service providers, value-added
resellers, and enterprises to quickly and easily provision and turn
up voice and messaging services for cloud-based operators and
migrate premise-based communication systems to VoIP.
“BCM One and Flowroute have common strategic
priorities,” said John Shlonsky, President and Chief Executive
Officer of Intrado. “We are pleased that Flowroute customers and
employees will have an excellent home at BCM One, and that the
marketplace has recognized the value of the Flowroute
business.”
The Company intends to use the net proceeds of
the sale to repay debt and for general corporate purposes.
Q Advisors, a global TMT investment banking
boutique, and LionTree Advisors acted as financial advisors and
Brownstein Hyatt Farber Schreck served as legal advisor to Intrado
on the transaction.
About Intrado
Intrado Corporation is an innovative,
cloud-based, global technology partner to clients around the world.
Our solutions connect people and organizations at the right time
and in the right ways, making those mission-critical connections
more relevant, engaging, and actionable - turning Information to
Insight.
Intrado has sales and/or operations in the
United States, Canada, Europe, the Middle East, Asia Pacific, Latin
America, and South America. Intrado is controlled by affiliates of
certain funds managed by Apollo Global Management, Inc. (NYSE:
APO). For more information, please call 1- 800-841-9000 or visit
www.intrado.com.
Forward-Looking Statements
This press release contains forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be generally
identified by the use of words such as “may,” “should,” “expects,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,”
“intends,” “continue” or similar terminology. These statements
reflect only Intrado’s current expectations and are not guarantees
of future performance or results. These statements are subject to
various risks and uncertainties that could cause actual results to
differ materially from those contained in the forward-looking
statements. These risks and uncertainties include, but are not
limited to, risks associated with the Covid-19 pandemic; Intrado’s
ability to complete this divestiture; competition in Intrado’s
highly competitive markets; increases in the cost of voice and data
services or significant interruptions in these services; Intrado’s
ability to keep pace with its clients’ needs for rapid
technological change and systems availability; the continued
deployment and adoption of emerging technologies; the loss,
financial difficulties or bankruptcy of any key clients; security
and privacy breaches of the systems Intrado uses to protect
personal data; the effects of global economic trends on the
businesses of Intrado’s clients; the non-exclusive nature of
Intrado’s client contracts and the absence of revenue commitments;
the cost of pending and future litigation; the cost of defending
against intellectual property infringement claims; the effects of
extensive regulation affecting many of Intrado’s businesses;
Intrado’s ability to protect its proprietary information or
technology; service interruptions to Intrado’s data and operation
centers; Intrado’s ability to retain key personnel and attract a
sufficient number of qualified employees; increases in labor costs
and turnover rates; the political, economic and other conditions in
the countries where Intrado operates; changes in foreign exchange
rates; Intrado’s ability to complete future acquisitions, integrate
or achieve the objectives of its recent and future acquisitions;
and future impairments of our substantial goodwill, intangible
assets, or other long-lived assets. In addition, Intrado is subject
to risks related to its level of indebtedness. Such risks include
Intrado’s ability to generate sufficient cash to service its
indebtedness and fund its other liquidity needs; Intrado’s ability
to comply with covenants contained in its debt instruments;
Intrado’s ability to obtain additional financing; the incurrence of
significant additional indebtedness by Intrado and its
subsidiaries; and the ability of Intrado’s lenders to fulfill their
lending commitments. Intrado is also subject to other risk factors
described in its annual report for the year ended December 31,
2020.
These forward-looking statements speak only as
of the date on which the statements were made. Intrado undertakes
no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, except to the extent required by applicable law.
Contact
Dave PleissInvestor and Public
RelationsDMPleiss@Intrado.com402.716.6578
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