West Corporation, a provider of communications solutions today announced it has agreed to purcahse Intrado Inc., provider of integrated data and telecommunications solutions, for $465 million, before transaction expense. A conference call to further discuss the acquisition is scheduled for today at 12 pm eastern time.
West Corporation provides communications solutions such as effective customer communications and relations, as well as tactics for driving greater revenue, to a number of the worlds largest companies.
Providing the basis of safety for the nation’s 9-11 networks applications, Intrado’s telecommunications services are relied upon by public safety and government organizations.
George Heinrichs, Chief Executive Officer of Intrado comments, "Being part of West Corporation represents the best future for all Intrado stakeholders: shareholders; customers; employees; partners and suppliers; the general public -- which our business ultimately serves every day; and the communities within which we operate. We anticipate a smooth integration process once the transaction is finalized."
Funded by cash, the acquisition is expected to be completed by the end of the second quarter and will be subject to approval from Intrado shareholders. According to a recent release, “the total cost before transaction expense is approximately $465 million, net of option proceeds an cash on hand.”
The proposed integration of West’s Communications Services and Intrado’s services will allow both companies to expand their resources as well as grow with the future market.
"Its strong position in a growing market, its industry-leading technology, and its experienced management team will improve our ability to meet our customer's demands. Further, Intrado complements the existing offerings of our Communications Services segment, providing a highly visible revenue stream and additional cross-selling and margin expansion opportunities," said Thomas B. Barker, Chief Executive Officer of West Corporation .
Further details of the acquisition will be available upon completion of the deal. Interested investors may visit www.west.com for information on accessing the scheduled conference call.
Stefania Viscusi is an established writer and avid reader. To see more of her articles, please visit Stefania Viscusi’s columnist page.