Intrado to Divest Flowroute Business (APO)

March 9, 2022 3:00 PM EST

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Bankruptcy