Sangoma has snapped up the Converged Communication Division (CCD) of Dialogic which provides gateways and interface boards in a $5.7m cash deal.
Bill Wignall, President and CEO of Sangoma, stated: "This acquisition is another step along the way as we seek to add scale by augmenting organic growth with acquisitions."
Wignall hopes that the acquisition - Sangoma's sixth in six years - will accelerate sales growth, expand recurring revenue, deliver stronger gross margins and boost profitability.
"The acquisition will add hundreds of larger enterprise, service provider and OEM customers, dozens of channel partners around the world, and strong supply chain capabilities that will allow Sangoma to expand the scale and scope of its operations," added Wignall.
The deal brings 45 more employees to Sangoma and CCD's product lines will become an integral part of the Sangoma portfolio over the coming year.
Prior to the deal Sangoma provided guidance of $46m in revenue and $4m in EBITDA for fiscal year 2018.
It is expected that this transaction will increase revenue to at least $53 million and EBITDA in excess of $5.5 million for the year.
most popular industry news
'Examples of success in the industry are typically male. As an industry we need to address this imbalance, to share and embrace a different success model that women can bring. The question is - how do we break the mould?'
Elsa Chen, CEO, Entanet