Intrado Acquires Permission Click

Rhea-AI Summary

Intrado Corporation has acquired Permission Click, enhancing its leadership in K-12 education technology. This strategic acquisition integrates Permission Click’s digital workflow solutions into Intrado Life & Safety’s SchoolMessenger suite, improving efficiency and compliance for schools. The acquisition aims to accelerate digital transformation in education, reducing manual processes for teachers and parents. As part of this transition, Permission Click’s team will join Intrado to support ongoing technology development and innovation.

Positive

• Acquisition of Permission Click strengthens Intrado's position in K-12 education technology.
• Integration of digital workflow solutions expected to improve efficiency and compliance for educational institutions.
• Enhances the SchoolMessenger suite, providing a unique offering in the market.

Negative

• None.

Integrating Permission Click with existing Intrado Life & Safety digital workflow tools will accelerate the digital transformation for K-12 education  

ISLANDIA, N.Y., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Intrado Corporation (“Intrado”), a global leader in technology-enabled services, announced today that it has acquired Permission Click, a pioneer in education technology. With this acquisition, Intrado Life & Safety expands its leadership position in K-12 education technology, adding Permission Click’s digital workflow solutions to its SchoolMessenger communications suite of solutions.

Permission Click’s innovative product enables schools and school districts to digitize previously manual processes and forms management, increasing efficiency, transparency, and policy compliance, in addition to saving time for parents and teachers. Permission Click’s executive team and employees will join Intrado Life & Safety to support clients and drive continued technology development and product innovation.

“We are excited to add Permission Click and its team to our Digital Workflows business, expanding our solutions with a powerful tool and advancing our leadership in the education marketplace,” said Vik Krishnan, General Manager of Intrado’s Digital Workflows business. “The combination of SchoolMessenger and Permission Click solutions is unique in the K-12 education market and beyond.”

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, risks associated with the Covid-19 pandemic; 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, 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 Pleiss
Investor and Public Relations
DMPleiss@Intrado.com
402-716-6578

FAQ

What is the purpose of Intrado's acquisition of Permission Click?

The acquisition aims to enhance Intrado's K-12 education technology offerings by integrating Permission Click's digital workflow solutions.

How will the acquisition impact Intrado's SchoolMessenger suite?

The acquisition will integrate Permission Click’s solutions into the SchoolMessenger suite, improving efficiency and compliance in managing school processes.

When was the acquisition of Permission Click announced?

The acquisition was announced on January 5, 2022.

What is the significance of this acquisition for Intrado?

This acquisition strengthens Intrado's leadership in the education technology market, expanding its capabilities in the K-12 sector.