Sangoma Technologies, a trusted leader in delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, both on-premises and in the cloud, announced that it completed its previously disclosed acquisition of Digium.
Digium develops open-source communications software and unified communications solutions for SMEs. The company is the original creator and primary developer of Asterisk, an open source telephony platform.
The acquisition, according to Sangoma will be included in its outlook for fiscal year 2019. Sangoma had previously provided guidance of $55 million in revenue and $6 million in EBITDA for fiscal year 2018 which ended on June 30. Typically, the company would provide guidance for its fiscal 2019 year, once the 2018 audited results are released. Given the significance of this transaction and requests from shareholders for additional information, Sangoma is releasing its outlook for FY2019 earlier than normal this year. This will provide investors with an indication of how the integration of Digium will affect our outlook for the consolidated company.
It is expected that this transaction will increase revenue to about $100 million in fiscal 2019, with over 35% of that being recurring/services revenue.