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Apollo Global Management, Inc. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
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.
Intrado Corporation has acquired significantly all assets of Syn-Apps LLC, a leader in IoT and mass notification software. This acquisition aims to enhance Intrado's integration capabilities in public safety, leveraging Syn-Apps' technology to improve situational awareness for first responders and optimize resource allocation. The move supports Intrado's strategic goal of building an intelligent 911 platform by enhancing emergency response processes. The acquisition may also expand the addressable market for Intrado's Life & Safety division, incorporating solutions into educational environments.
Apollo Global Management (NYSE: APO) announced that Scott Kleinman and Martin Kelly will present at the Barclays Global Financial Services Conference on September 14, 2020, at 3:30 PM ET. The event will be webcast live, with a replay available shortly after on Apollo's website. As of June 30, 2020, Apollo managed approximately $414 billion in assets, spanning credit, private equity, and real estate across nine key industries. For further details, visit their website at Apollo.com.
Intrado's Health Advocate has launched the Return Navigator solution to assist employers in workplace reopening strategies post-COVID-19. This solution combines three elements: the COVID-19 Navigator for personalized assistance, the Return Pass mobile app for health status self-attestation, and the COVID-19 Dashboard for data visualization of COVID-19 impacts. The tools aim to enhance employee safety and support informed decision-making for organizations planning their return-to-work strategies.
Apollo Global Management (NYSE: APO) has announced a significant investment of up to $265 million in US Wind Inc., an offshore wind energy developer. This structured investment will involve convertible debt and equity to acquire an equity stake and support the development of a major wind project off Maryland's coast, expected to generate 1.3 GW of renewable energy. The project will power over 75,000 homes and is projected to begin operations in early 2024, creating thousands of jobs. Apollo's investment underscores its commitment to renewable energy and sustainability.
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.
Intrado Corporation announced enhancements to its call handling solutions, integrating RapidSOS mobile 911 caller location data into its VIPER and Power 911 systems. This collaboration aims to transform public safety operations by providing enhanced situational awareness for first responders and facilitating quicker emergency responses. The integration, set for release later this summer, will enable call takers and dispatchers to utilize advanced mobile location data. Intrado's commitment to data-driven solutions is strengthened through this partnership, reinforcing its leadership in emergency response technology.
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Apollo Global Management (NYSE: APO) has announced its 2020 Annual Meeting of Stockholders will be held on October 1, 2020, at 9:00 a.m. EDT, conducted virtually due to COVID-19. The record date for the meeting is August 7, 2020, and any proposals for business or nominations must be received by August 6, 2020, by 5:00 p.m. EDT. Proxy materials will be mailed around August 21, 2020, and available on the SEC and Apollo's website. As of March 31, 2020, Apollo managed approximately $316 billion in assets across various industries.
Intrado Corporation has appointed Eula Adams to its board of directors. Adams, currently the CEO of Neuromonics, brings extensive leadership experience from roles at Xcore Corporation, Pay By Touch, and Western Union. With a strong background in technology, operations, and finance, he is expected to drive growth for Intrado. Adams holds a Bachelor’s in Accounting and an MBA from Harvard and is a Certified Public Accountant. Intrado is a global technology partner, with operations worldwide, and is controlled by Apollo Global Management (NYSE: APO).