Markham, ON Canada, Jan 9, 2018 -- Sangoma Technologies Corporation (TSX VENTURE:STC), a provider in delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, both on-premises and in the cloud, announced the acquisition of all key assets of the Converged Communication Division from Dialogic Corporation.
Dialogic, a provider in the transition from PSTN to IP and Cloud based networks, is headquartered in Parsippany, New Jersey.
"We continue to look for prudent ways to grow our customer base, our product portfolio, our talented team of employees, our distribution network and our overall revenue", said Bill Wignall, President and CEO of Sangoma. Wignall continued, "This acquisition, our sixth in 6 years, is expected to add approximately $15 million of sales over the next twelve months. It is one more step along the way, as we seek to add scale to our business by augmenting our organic growth with selective acquisitions, during a time of industry consolidation. I’d like to welcome all our new staff and clients to the growing Sangoma family."
Following the acquisition, the General Manager of CCD, Mr. Jim Machi will join Sangoma and continue to lead the division, providing continuity and reassurance to CCD employees, customers, and channel partners across the globe.
"I am extremely excited about joining the expanding Sangoma family", said Jim Machi, General Manager. Machi continued, "I really look forward to continuing to serve the customer base I have known for a long time, with Sangoma’s broad portfolio of on-premise or cloud-based solutions. The team here is eager to be part of a successful growth company like Sangoma."
"This transaction is part of a broader strategy we put in place when I was appointed CEO," said Bill Crank, President and CEO of Dialogic. "Sangoma offers the CCD customers, partners, and employees the best possible combination of product and services continuity, so we are very pleased with this outcome for all parties."
Posted by Veronica Silva Cusi, news correspondent
Dialogic is a provider of technologies based on open standards such as host media processing and other multimedia products that enable its customers and partners to deliver mobile, video, IP, and TDM solutions for Network Service Providers and Enterprise Communication Networks.
Founded in 1984, Sangoma Technologies Corporation is a provider of connectivity hardware and software products for telephony and wide area network solutions. The company develops and manufactures voice and data communication products including the series of Advanced Flexible Telecommunications (AFT) PCI cards. Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSXV: STC - News).
Published: Thursday, January 11, 2018
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