News : Sangoma Closes Acquisition of VoIP Supply LLC
Markham, Ontario, Canada, July 5, 2017 -- 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, confirms the closing of its acquisition of VoIP Supply LLC, as originally announced on June 20, 2017.
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"We are very pleased to have successfully closed this strategic acquisition as well as the financing that supports it," said David Moore, Chief Financial Officer at Sangoma. "And we are delighted to welcome the staff, customers, and suppliers to the growing Sangoma family."
Sangoma’s acquisition was performed via the purchase of all the membership interests in VoIP Supply LLC. VoIP Supply will remain under the leadership of its current President, Paula Griffo, providing stability and reassurance to its customers, employees, and suppliers. Ms. Griffo will report to Tony Lewis, COO at Sangoma. VoIP Supply will operate as a subsidiary of Sangoma with the appropriate autonomy, and will continue providing customers in North America with one-stop shopping for a complete range of telecom solutions from leading manufacturers, as it has for over 15 years.
Posted by Veronica Silva Cusi, news correspondent
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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, July 6, 2017