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Sangoma Announces Acquisition Of Netfortris

Mar 29, 2022•over 3 years ago

Acquiring Company

Sangoma

Acquired Company

NetFortris

Markham

Description

Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) ("Sangoma" or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced it has acquired NetFortris Corporation (“NetFortris”). This acquisition further accelerates Sangoma into the upper echelon of SaaS communications providers and extends our industry leading suite of cloud services with new MSP capabilities, thereby delivering even more ‘one stop shopping’ for our customers and providing larger ‘share of wallet’ for Sangoma.

Company Information

Company

Sangoma

Location

Markham, Ontario, Canada

About

Sangoma is a leading global Communications as a Service (CaaS) provider that empowers businesses of all sizes to connect to the people and processes that matter. Since its inception, Sangoma has been recognized as a trusted leader in the communications industry and continues to offer a stable, global presence, future-forward vision, and diverse portfolio of solutions, services, and support. Sangoma’s solutions are trusted by leading companies worldwide, from SMBs to enterprises, and in contact center, carrier networks, and data communication applications. Sangoma customers have the most reliable and flexible business platform on the market with concierge support from the Sangoma team. Sangoma has garnered awards from significant industry analysts, such as the Gartner Magic Quadrant for UCaaS, and the Frost and Sullivan Best Practices Unified Communications and Collaboration Competitive Strategy Leadership Award. Recognition of Sangoma’s pioneering innovation in the enterprise cloud market has allowed Sangoma to gain entry onto prestigious lists such as the Deloitte Enterprise Technology Fast 15, Omdia Top 10 UCaaS Service Provider, and Forbes Most Promising Companies.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed