Ooma, Inc., a smart communications platform for businesses and consumers, announced that it has signed a definitive agreement to acquire Phone.com, a provider of cloud-based business communications for small and medium-sized organizations, for approximately $23.2 million in cash, subject to customary working capital adjustments.
This acquisition follows Ooma’s recent announcement of a definitive agreement to acquire FluentStream, a leading provider of enterprise-grade business phone services for SMBs.
The acquisition of Phone.com is expected to be accretive to Ooma’s adjusted EBITDA and non-GAAP earnings per share starting on the closing date of the transaction, which is expected to occur in the fourth quarter of Ooma’s fiscal year 2026, subject to the receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions.
Phone.com is expected to generate $22-$23 million in revenue and $1.0-$1.5 million in adjusted EBITDA annually, based on current run rates and before synergies. The Board of Directors of Ooma has approved the transaction, and Ooma expects to finance the acquisition through a combination of cash on hand and bank debt financing.
Marketing Technology News: MarTech Interview with Lee McCance, Chief Product Officer @ Adverity
Founded in 2006 by Mike Mann and headquartered in Newark, New Jersey, Phone.com is a cloud communications/UCaaS provider focused on serving small and medium sized businesses. The company primarily utilizes the Phone.com brand and website to sell through e-commerce, online marketing and direct sales channels. Like Ooma Office, Phone.com offers flexible, affordable, and reliable solutions spanning voice, video, text, specialized call handling, and desktop and mobile applications. The company serves approximately 36,000 customers and 87,000 users across North America from its proprietary UCaaS platform.
“We’re delighted and look forward to welcoming Phone.com into the Ooma portfolio of business solutions,” said Eric Stang, chief executive officer of Ooma. “This planned acquisition is intended to continue our strategy to extend our leadership in serving SMB customers. Phone.com’s established platform, strong online presence, and direct sales model fit well with Ooma’s strategy and will enable opportunities to capture synergies over time. We look forward to building on the strong success Phone.com has achieved so far serving small business customers to deliver long-term value for our shareholders.”
“We are pleased to join forces with Ooma, whose vision and capabilities align perfectly with our mission to provide smarter business communication solutions,” said Ari Rabban, chief executive officer of Phone.com. “I am extremely proud of our achievements and confident that Ooma’s commitment to quality, integrity, and steady growth will enable Phone.com to innovate and continue to deliver value to our customers.”
Telegraph Hill Advisors served as the exclusive financial advisor to Phone.com in the transaction.
Marketing Technology News: What is a Full Stack Marketer; What MarTech Matters Most to Full Stack Marketers?
The post Ooma Announces Definitive Agreement to Acquire Phone.com first appeared on PressReleaseCC.
Ooma Announces Definitive Agreement to Acquire Phone.com first appeared on Web and IT News.
Ford Motor Company sold fewer vehicles in the first quarter of 2025 than it did…
When Tim Cook was asked about Apple’s plans for smart glasses during a recent interview,…
Britain’s biggest banks are spending billions of pounds a year keeping decades-old technology alive —…
For decades, American brands carried an almost magnetic allure in China. Nike sneakers, Apple iPhones,…
Starbucks is about to do something it hasn’t done in its 54-year history: pay its…
Somewhere inside IBM’s sprawling research apparatus, engineers are working on something that would have seemed…
This website uses cookies.