Apollo Global Mgmt Inc Stock Price, News & Analysis

Intrado Corporation announced the sale of its Health Advocate business to Teleperformance for $690 million. This decision follows a strategic review aimed at focusing on Intrado's cloud businesses. The transaction is set to close in the first quarter of 2021 pending regulatory approvals. This sale is anticipated to allow Health Advocate to thrive under Teleperformance's operational excellence, aligning with its focus on personalized customer experience. Goldman Sachs and Triple Tree advised Intrado on this transaction.

Apollo Global Management (NYSE: APO) has acquired a US telecommunications platform from Lendlease, rebranding it as Parallel Infrastructure. This platform includes nearly 500 operational cell towers and a pipeline of additional towers under development. Major US carriers like AT&T, Verizon, and T-Mobile are key customers. The acquisition aligns with Apollo's expertise in corporate carve-outs and aims to support the growing demand for data and 5G networks in the US. The deal enhances Apollo's infrastructure investment track record, which exceeds $20 billion.

Apollo Global Management (NYSE: APO) announced a joint venture with Altius Minerals Corporation to enhance renewable energy investment in North America. The Apollo Funds plan to invest up to $200 million for a potential 50% stake in Great Bay Renewables, which has already allocated over $60 million to renewable projects. This venture aims to capitalize on the growing demand for renewable energy, particularly in wind, solar, and energy storage. Apollo's infrastructure strategy aims to establish leadership in renewable royalties and support sustainability goals.

Intrado Corporation has launched Hoot Meetings, a video-first online meeting tool designed for modern workplaces. Utilizing browser-based Web RTC technology, it offers seamless audio, video, and web experiences without the need for downloads. The solution emphasizes security at every level, catering to the recent increase in remote work. Intrado aims to expand its UCaaS portfolio to serve midmarket and smaller organizations globally. Hoot Meetings leverages Intrado's global cloud audio network, ensuring reliable audio access regardless of location.

Intrado Corporation announced the launch of new features for its virtual event platform, enhancing attendee interaction. Key additions include scheduled breakout rooms for group discussions and 1:1 video chat capabilities, aimed at fostering more personal engagement. President Ben Chodor highlighted that these upgrades are crucial as events transition online. The platform supports up to 200,000 attendees and offers comprehensive analytics, branding options, and gamification, reinforcing Intrado's commitment to delivering impactful virtual experiences.

Apollo Global Management (NYSE: APO) announced plans to release its third-quarter financial results on October 29, 2020, before market open. A conference call will follow at 10:00 a.m. ET to discuss these results, accessible via phone and webcast. As of June 30, 2020, Apollo managed approximately $414 billion in assets across various industries. The release also includes cautionary forward-looking statements regarding business performance amid uncertainties such as COVID-19 and market conditions.

Intrado Corporation announced a virtual event, 911 Live, taking place on October 6-7, 2020, focused on emerging technologies in public safety and emergency communications. The event features expert panels discussing Next Generation 911, artificial intelligence, and cloud operations. Participants include technology partners and government agencies. This initiative demonstrates Intrado's commitment to transforming public safety operations through data-driven solutions, aiming to enhance the 911 response continuum.

Intrado Corporation has unveiled its Intrado Safety Shield™ solution, aimed at enhancing safety management in educational settings amidst the COVID-19 pandemic. This comprehensive platform integrates robust notification capabilities with data access for emergency responses. Schools implementing the solution can communicate critical information, monitor health protocols, and collaborate with first responders effectively. With over 63,000 schools relying on Intrado's products, the Safety Shield is positioned as a vital tool for crisis management and enhancing community safety.

Apollo Global Management has announced the formation of its new Apollo Impact platform, aimed at impact investing. Marc Becker and Joanna Reiss will serve as Co-leads, with Lisa Hall as Chair. The platform intends to focus on areas aligned with the UN's sustainable development goals, including Economic Opportunity and Resource Sustainability. Apollo aims to leverage its 30-year investment history to make a measurable societal impact while ensuring strong financial returns. The leadership team combines extensive experience in private equity and impact investment.