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Markham, ON, Canada, Feb. 27, 2019 -- Sangoma Technologies Corporation (TSX VENTURE: STC), a provider in delivering Unified Communications solutions for SMBs, enterprises, OEMs, and service providers both on-premise and in the cloud, announced that it was named to the 2019 TSX Venture 50 as one of the highest performing companies in the Technology industry sector.
The TSX Venture 50 is a ranking of top performers on TSX Venture Exchange over the last year. The ranking is comprised of ten companies from each of five industry sectors, selected based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume. During 2018, Sangoma achieved 155% growth in market capitalization, 67% appreciation in share price, and trading volume of over 22 million.
"It is an honor to be named to the TSX Venture 50 and to join this exclusive group of high-performing industry leaders," said Bill Wignall, President and CEO of Sangoma. "This serves as confirmation that our growth strategy is positioning our company and our stakeholders for success. 2018 was an important year for Sangoma. We will continue to build upon this momentum in 2019, as we expect to surpass $100 million in revenue for the first time, by delivering even greater value to our customers, partners, and shareholders around the world."
Posted by Veronica Silva Cusi, news correspondent
Source: https://www.prnewswire.com
About Sangoma:
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, February 28, 2019
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