CLOUD COMMUNICATIONS

August 24, 2018

Sangoma Buys Digium

Sangoma Technologies Corp. today announced plans to purchase Digium for $28 million. The deal, which consists of $24.3 million in cash and nearly 4 million in Sangoma common shares, is expected to close within a week or so.

A publicly traded company founded in 1984, Sangoma today provides unified communications solutions to enterprise and small and medium businesses, OEMs, and service providers. Its solutions come both in form of cloud services on on-premises offerings. And following the Digium acquisition, it will have 300 employees.

Digium is best known for creating the Asterisk open source communication solution. It provided the technology behind Sangoma’s FreePBX. And Digium today delivers a broad portfolio of solutions, including a Unified Communications-as-a-Service offering, the Switchvox premises-based phone system, a variety of IP phones, and Asterisk solutions.

“This transaction will add very meaningful sales, create market leadership in our segment, increase recurring revenue materially, and allow us to nicely leverage our complementary businesses,” said Sangoma President and CEO Bill Wignall, noting the long-term relationship between the companies. “During a time of industry consolidation, this transformative merger is another bold step for us in implementing our strategy to scale up and increase shareholder value, by augmenting our organic growth with complementary M&A opportunities. To the new staff that will be joining us, I’d like to welcome you to the growing Sangoma family. To our Digium customers and partners around the globe, I’d like to assure you that everyone here at Sangoma remains committed to you, to the Digium products you rely upon, and to further contributing to your success. And of course, to the Asterisk community, I would like to reassure you that Sangoma recognizes the value of Asterisk and is committed to keeping it open source. We will continue to invest in its development and to seek input from the broad base of developers that has led to its outstanding success.”

The deal comes a little more than a year and a half after Sangoma bought another important player in the communications space: Dialogic. Indeed, as Sangoma noted in its announcement today, the company has been doing an acquisition a year for seven years straight now. Other Sangoma acquisitions include VoIP Supply, RockBochs Inc, Schmooze, VegaStream, and Paraxip Technologies.




Edited by Maurice Nagle



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