MARKHAM, ON, Jan. 5, 2022 /PRNewswire/ -- Sangoma Technologies
Corporation ("Sangoma") (TSX: STC; NASDAQ: SANG), an industry
leader in delivering cloud-based Communications-as-a-Service
solutions for businesses of all sizes, was recognized by Channel
Futures for the top merger and acquisition of 2021 for its
acquisition of Star2Star.
Channel Futures serves the information and communication
technology (ICT) industry channel, and is part of the global
Informa Tech business with over 1000 subject matter experts and
colleagues, including Omdia research. Channel Futures ranked
the top 24 mergers and acquisitions of 2021 in the channel, placing
Sangoma first. In writing about this acquisition,
Raul Castanon noted, "Sangoma and
Star2Star are merging in a deal worth $437
million, creating a key rival for 8x8, RingCentral, and
Vonage."
Sangoma's acquisition stands out amongst the other M&A
transactions as particularly strategic for the channel, because it
now enables Sangoma's channel partners to meet the needs of all
customers, from SMB to enterprise, with the most comprehensive
suite of cloud services available in the industry. Sangoma's
channel partners are then able to bring this full solution, all
integrated together from a single cloud supplier, to their
customers. Sangoma's cloud suite includes Unified
Communications as a Service (UCaaS), Trunking as a Service (TaaS),
Contact Center as a Service (CCaaS), Communications Platform as a
Service (CPaaS), Video Meetings as a Service (VMaaS), Collaboration
as a Service, Desktop as a Service (DaaS), and Access Control as a
Service (ACaaS).
"Customers today are demanding an integrated experience for all
their cloud communications needs, not multiple tools from multiple
vendors," said Bill Wignall, CEO and
President of Sangoma. "Our M&A strategy always seeks to keep
that in mind and as a result, Sangoma now offers the broadest set
of cloud communications solutions in the industry. We appreciate
the recognition from Channel Futures, especially given the
acquisition of Star2Star completes our work over recent years to
transform Sangoma from a product business to one of the
communications industry's leading SaaS companies."
About Sangoma
In an increasingly complex world,
businesses need to simplify the way they communicate, collaborate,
and seamlessly integrate third-party applications into their
operations and processes. Sangoma Technologies meets that need by
being a trusted leader in delivering cloud-native, value-based
Communications as a Service (CaaS) solutions for businesses of all
sizes. Sangoma's cloud-native solutions include a full suite of
as-a-service offerings including: voice, video, persistent chat,
meetings, packaged application integrations, trunking, fax, virtual
desktops, contact center, access control and much more.
In addition, Sangoma offers a full line of communications
products, including premise-based UC systems, a full line of desk
phones and headsets, and a complete connectivity suite
(gateways/SBCs/telephony cards). Sangoma is also the primary
developer and sponsor of Asterisk and FreePBX, the world's two most
widely used open-source communication software projects.
Sangoma has been named to such prestigious lists as the Deloitte
Enterprise Technology Fast 15, Omdia Top 10 UCaaS Service Provider,
and Forbes Most Promising Companies. Recognition of its pioneering
innovation in the enterprise cloud market extends to major industry
analyst indicators such as being awarded the Frost and Sullivan
Best Practices Unified Communications and Collaboration Competitive
Strategy Leadership Award and the Gartner Magic Quadrant for UCaaS,
Worldwide.
Sangoma Technologies Corporation is publicly traded on the TSXV
and NASDAQ (TSX: STC; NASDAQ: SANG). Additional information on
Sangoma can be found at: www.sangoma.com.
Cautionary Statement Regarding Forward Looking
Statements
This press release contains forward-looking
statements, including statements regarding the future success of
our business, development strategies and future opportunities.
Forward-looking statements include, but are not limited to,
statements concerning estimates of future revenue, expected
expenditures, expected future production and cash flows, and other
statements which are not historical facts. When used in this
document, the words such as "could", "plan", "estimate", "expect",
"intend", "may", "potential", "should" and similar expressions
indicate forward-looking statements. Readers are cautioned not to
place undue reliance on forward-looking statements, as there can be
no assurance that the plans, intentions or expectations upon which
they are based will occur. By their nature, forward-looking
statements are based on the opinions and estimates of management on
the date that the statements are made and involve numerous
assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, forecasts, projections and other events contemplated
by the forward-looking statements will not occur or will differ
materially from those expected. Although Sangoma believes that the
expectations represented by such forward-looking statements are
reasonable based on the current business environment, there can be
no assurance that such expectations will prove to be correct as
these expectations are inherently subject to business, economic and
competitive uncertainties and contingencies. Some of the risks and
other factors which could cause results to differ materially from
those expressed in the forward-looking statements contained in the
management's discussion and analysis include, but are not limited
to changes in exchange rate between the Canadian Dollar and other
currencies, the variability of sales between one reporting period
and the next, changes in technology, changes in the business
climate in one or more of the countries that Sangoma operates in,
changes in the regulatory environment, the rate of adoption of the
company's products in new markets, the decline in the importance of
the PSTN and new competitive pressures. The forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement and Sangoma undertakes no obligation
to update forward-looking statements if circumstances or
management's estimates or opinions should change except as required
by law. Readers are directed to Sangoma's filings on SEDAR with
respect to Management's Discussion and Analysis of Financial
Results for the basis of Sangoma's reconciliation of EBITDA to net
income as calculated under IFRS
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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SOURCE Sangoma Technologies Corporation