Canada-based Sangoma Technologies announced the acquisition of all key assets of the Converged Communication Division(CCD) from Dialogic for approximately $5.7 million in cash.
The CCD division of Dialogic offers a full line of gateways and interface boards, with over 25% of sales in recurring services revenue, to customers around the globe.
The acquisition provides Sangoma with several strategic advantages, including: accelerated sales growth, expanded recurring revenue, stronger gross margins, increased profitability.
In addition, this acquisition will add hundreds of larger enterprise/service provider/OEM customers, dozens of leading channel partners around the world. The CCD product lines will become an integral part of the Sangoma portfolio over the coming year.
Following the acquisition, the General Manager of CCD, Jim Machi will join Sangoma and continue to lead the division. The transaction is expected to increase Sangoma's revenue to at least $53 million and EBITDA in excess of $5.5 million, for fiscal 2018.