Ontario, Canada-based Sangoma Technologies, a provider of Unified Communications solutions, has announced the strategic acquisition of VoIP Innovations, LLC (VI), a privately-held technology company in Pittsburgh, PA that specializes in wholesale SIP trunking. This acquisition, Sangoma’s eighth in the last eight years, is expected to provide the combined company with several strategic advantages, including increased scale, a recurring revenue contribution that continues to grow, an entirely new product category in Communications Platform as a Service (CPaaS), robust EBITDA margins, and a new sales channel. Bill Wignall, President and CEO of Sangoma, said, “We continue to look for prudent ways to grow our product portfolio, customer base, distribution network, overall sales, recurring revenue and EBITDA. This acquisition is strategic to Sangoma for all of those reasons, and with about 90% of VI revenue being recurring, it should increase Sangoma’s proforma recurring / services revenue to approximately 45% of total sales.”…
Latest Posts:
- Virginie Debris on RCS and the Future of Messaging
- Orange and MásMóvil Seal Merger, Await Naming Decision
- AT&T Expands 5G Fixed-Wireless Access for Business Connectivity
- Zoom and Avaya Announce New Strategic Partnership to Deliver Enhanced Collaboration Experiences
- VEON’s Disinvestment in Beeline Kyrgyzstan: A Strategic Move or Caveat?
- Revamping UK’s Telecom Infrastructure: BT and Global Partnership
- Sinch Named 2024 Adobe Digital Experience ISV Resell Partner of the Year
- Vodafone’s Strategic Downsizing: Path to Agility or Risky Step?
- Unmasking APT31: Unraveling China’s Global Cyber Espionage Tactics
Tag