Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG)
(“Sangoma” or the “Company”), a leading global provider of business
IT and communication solutions, is pleased to announce the
appointment of Charles Salameh as the Company's new Chief Executive
Officer (CEO) and member of the Board of Directors, effective
September 1, 2023.
Charles has held senior leadership positions at
Bell Canada, Nortel Networks, HP and DXC. His most recent role was
at Infosys where, as Global Head of Account Expansion, he was
responsible for driving revenue growth and expansion across its
nearly $18.2 billion dollar book of business, based on Infosys’ FY
23 reported revenue.
“We are very excited Charles has agreed to join
Sangoma. Throughout his career, Charles has demonstrated
transformative insight and remarkable creativity in creating new
routes to market, all of which have led to significant revenue
growth and business success. His leadership and customer-centric
approach align seamlessly with Sangoma's core values and commitment
to providing proprietary high value information technology and
communication solutions to businesses worldwide,” said Norman
Worthington, who served as Interim Executive Chairman and will now
resume his prior role as Chairman of the Company’s Board of
Directors.
The Board of Directors at Sangoma expressed
their confidence in the new CEO, stating, "We are delighted to
welcome Charles Salameh as our new CEO. His exceptional leadership
skills and proven track record make him the ideal executive to lead
Sangoma."
In his role as CEO, Mr. Salameh will work
closely with the executive team to strengthen Sangoma's commitment
to customer satisfaction and solutions innovation, further
advancing the Company's position as a global leader in advanced
cloud based communications technologies.
Commenting on his appointment, Mr. Salameh
stated, "I am thrilled to join the Sangoma team as the new CEO.
Sangoma has built an impressive reputation in the industry, and I
am eager to build upon its strong foundation and formidable
solutions portfolio. Together with the talented employees at
Sangoma and a vast partner ecosystem, we will continue to innovate
and deliver cutting-edge solutions that empower businesses to
operate efficiently and communicate effectively and
seamlessly."
For more information about Sangoma Technologies
and its products, please visit www.sangoma.com.
About Sangoma Technologies
Corporation
Sangoma is a trusted leader in delivering
value-based Communications as a Service (CaaS) and Managed Service
Provider (“MSP”) solutions for businesses of all sizes, including
Managed Security, Managed SD-WAN and Managed Access. Sangoma’s
cloud-based communication services include Unified Communication
(UCaaS) business communications, Contact Center as a Service
(CCaaS), Video Meetings as a Service (MaaS), Collaboration as a
Service (Collab aaS), Communications Platform as a Service (CPaaS),
Trunking as a Service (TaaS), Fax as a Service (FaaS), Device as a
Service (DaaS), and Access Control as a Service (ACaaS). 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’s products and services
are used in leading UC, PBX, IVR, contact center, carrier networks,
office productivity, and data communication applications worldwide.
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 Technologies Corporation is publicly
traded on the Toronto Stock Exchange (TSX: STC) and Nasdaq (Nasdaq:
SANG). Additional information on Sangoma can be found at:
www.sangoma.com.
Cautionary Statement Regarding Forward
Looking StatementsThis press release contains
forward-looking statements, including statements regarding the
future success of our business, development strategies and future
opportunities. Forward-looking statements are provided for the
purpose of presenting information about management’s current
expectations and plans relating to the future and readers are
cautioned that such statements may not be appropriate for other
purposes. Forward-looking statements include 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. Although Sangoma believes that its
expectations reflected in these forward-looking statements are
reasonable, such statements involve inherent risks and
uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements, if at
all. Forward-looking statements are based on the opinions and
estimates of management at the date that the statements are made,
and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected, estimated or anticipated in
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 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. Although Sangoma believes that the expectations
represented by such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be
correct as these expectations are, therefore, inherently subject to
business, economic and competitive uncertainties and contingencies.
Some of the risks and other factors which could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements contained in its management's discussion
and analysis, annual information form and management information
circular (each available on www.sedar.com) include, but are
not limited to, risks and uncertainties associated with the
integration of NetFortris, the remediation of material weaknesses,
the impact of the continuing COVID-19 pandemic, changes in exchange
rate between the United States dollar and other currencies,
expectations regarding the amount of frequency of impairment
losses, including as a result of the write-down of intangible
assets, including goodwill, delay in project deliveries, changes in
technology, changes in the business climate, changes to
macroeconomic conditions, including rising interest rates and the
occurrence of (or fears of an impending) economic recession, risks
related to the COVID-19 (coronavirus) pandemic, changes in the
regulatory environment, the imposition of tariffs, the decline in
the importance of the PSTN (as hereinafter defined), impairment of
goodwill and new competitive pressures, and acts of terrorism and
war, hostilities and conflicts, including, but not limited to,
Russia’s invasion of Ukraine in February 2022. The forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement. Sangoma undertakes no obligation to
update forward-looking statements if circumstances or management's
estimates or opinions should change except as required by law.
Sangoma Technologies CorporationLarry StockChief
Financial Officerinvestorrelations@sangoma.com
Sangoma Technologies (TSX:STC)
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