Sangoma Technologies, a leading Unified Communications solutions vendor, announced that it has acquired VoIP Innovations (VI).
VI is a privately-held, Pittsburgh-based technology company that specializes in wholesale SIP trunking offered primarilyto resellers, service providers, MSPs, and call center customers across North America, utilizing a recurring revenue model.
VI has over 1,400 customers, about 35 employees, and has been growing consistently the last several years. The company has also recently launched its new, strategic Communications Platformas a Service (or CPaaS) product. CPaaS is an exciting new product category receiving significant attention fromcustomers and investors alike, that enables developers to add communication capabilities (such as voice, video, messaging,etc.) to their software and web applications without having to be communications nor networking experts.
Bill Wignall, President and CEO, Sangoma
This acquisition is strategic to Sangoma for all of those reasons, and with about 90% of VI revenue being recurring,it should increase Sangoma’s proforma recurring/services revenue to approximately 45% of total sales.
Jason Tapolci, Co-founder, Shareholder and CEO, VoIP Innovations
Of all the buyers who considered the acquisition of VI, it became very clear to us that Sangoma was the company that mostunderstood, appreciated and valued our long-term staff, loyal customers and company vision.
