Leading Unified Communications vendor, Sangoma Technologies announced that it will acquire all of the outstanding shares of Digium.
Founded in 1999, Digium is the creator of Asterisk, an open source communication software. The company offers a comprehensive product portfolio including Digium’s cloud-based UCaaS (Unified Communication as a Service) platform, the Switchvox premise-based phone system, a complete range of IP phones, and a full suite of Asterisk software and connectivity products.
Under the terms of the agreement, Sangoma expects to pay a total purchase price of US$28 million on a debt-free and cash-free basis, subject to customary working capital adjustments.
Bill Wignall, President and CEO, Sangoma
Sangoma and Digium have a long history of working together, while also competing in the marketplace, and have gotten to know each other very well over the years. Our relationship and mutual respect allows us both to know that the strategic fit between the two businesses really is excellent.
Mark Spencer, Founder and Chairman, Digium
Given the involvement of both companies in the history of Asterisk dating back to its creation in 1999,Sangoma is the natural home for the Asterisk project. For many years both companies have had teams working toimprove Asterisk and make it more accessible.
