Hughes Telematics, Inc. (HTI) was founded in 2006 as a private company with the mission to bring the next generation of connected solutions to the automotive industry. HTI has teamed with world-class partners with deep telematics expertise, engineering, telecommunications experiences and extensive resources with the proven ability to execute. In April 2009, HTI merged with Polaris Acquisition Corporation resulting in a publically traded company on the OTC under the symbol HUTC.
Apollo Management, one of the world largest private equity firms, provided HTI with the initial financial support. Apollo has invested $25+ billion in businesses that range from satellites, media, wireless communications, satellite radio, and telecommunications to transportation, entertainment and retail enterprises. Apollo has a track-record of funding market-leading companies in a wide range of business sectors and remains one of HTI's largest shareholders.
Apollo Management maintains an investment portfolio of telecommunications and satellite companies including Hughes Communications (www.hughes.com). Hughes Communications, publicly-traded on NASDQ as "HUGH," and is the parent company of Hughes Network Systems, LLC. As sister companies, both HTI and Hughes Communications share the "HUGHES" brand and its pedigree of creating the industry's leading telematics solutions. Hughes Communications has provided HTI with extensive engineering talent and telematics expertise in the world's leading satellite-based communications networks, services, products and global operations centers.
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