Intrado Acquires OnSIP

Rhea-AI Summary

Intrado Corporation has acquired Junction Networks, operating as OnSIP, enhancing its position in the Unified Communications as a Service (UCaaS) market for small and mid-sized businesses. This acquisition will integrate OnSIP's cloud-based calling solutions, allowing Intrado to provide a comprehensive suite of communication tools, including collaboration and messaging. The acquisition aims to enhance offerings for SMB clients and solidify Intrado’s market presence, driven by increased demand for flexible telecommunication solutions.

Positive

• Acquisition of OnSIP strengthens Intrado's product offering in UCaaS.
• Integration of OnSIP's cloud-based solutions enhances service capabilities for SMBs.
• Expected growth in market share and customer base due to expanded service offerings.

Negative

• Potential integration challenges may arise post-acquisition.
• Risks related to increased market competition in the UCaaS sector.

OMAHA, Neb., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, announced today that it has acquired Junction Networks, Inc. d.b.a. OnSIP, a provider of Unified Communications as a Service (“UCaaS”) and collaboration solutions for small and mid-size (“SMB”) customers.

OnSIP’s cloud-based calling solution is used by thousands of SMB customers in the U.S. as a next-generation replacement to a traditional, on-premise phone system. OnSIP customers enjoy the benefits of an on-demand hosted platform without the high cost, burden, and inflexibility of traditional economic models. The solution is a full-featured voice offering that is easy to provision and typically takes only minutes to configure.

With the addition of OnSIP, Intrado now has a fully-integrated product solution to serve all market segments with collaboration, calling, meetings, events, contact center and messaging tools along with real-time support, professional services, self-service capabilities and a global reach.

“OnSIP’s powerful technology is extremely flexible and easy to implement, use, and support,” said John Shlonsky, Chief Executive Officer and President of Intrado. “OnSIP’s proprietary cloud-calling solution rounds out our product portfolio and will allow Intrado to better serve the communication needs of SMB clients. We are pleased to welcome OnSIP employees, customers, and partners to Intrado.”

About Intrado Corporation

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, 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 and health trends on our business, including as a result of disruption of the business 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, 2019.

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 Pleiss
Investor and Public Relations

402.716.6578

FAQ

What is the significance of Intrado's acquisition of OnSIP?

The acquisition enhances Intrado's Unified Communications offerings and positions it better in the SMB market.

How will the OnSIP acquisition impact Intrado's financial performance?

The integration of OnSIP is expected to drive growth and expand Intrado’s service capabilities, but may introduce integration risks.

When was the acquisition of OnSIP announced?

The acquisition was announced on August 3, 2020.

What technology does OnSIP provide?

OnSIP offers cloud-based calling solutions designed for small and mid-sized businesses, serving as a replacement for traditional phone systems.