MARKHAM, ONTARIO, January 5, 2022 – Sangoma Technologies Corporation (“Sangoma”) (TSX: STC; NASDAQ: SANG), an industry leader in delivering cloud-based Communications-as-a-Service solutions for businesses of all sizes, was recognized by Channel Futures for the top merger and acquisition of 2021 for its acquisition of Star2Star.
Channel Futures serves the information and communication technology (ICT) industry channel, and is part of the global Informa Tech business with over 1000 subject matter experts and colleagues, including Omdia research. Channel Futures ranked the top 24 mergers and acquisitions of 2021 in the channel, placing Sangoma first. In writing about this acquisition, Raul Castanon noted, “Sangoma and Star2Star are merging in a deal worth $437 million, creating a key rival for 8×8, RingCentral, and Vonage.”
Sangoma’s acquisition stands out amongst the other M&A transactions as particularly strategic for the channel, because it now enables Sangoma’s channel partners to meet the needs of all customers, from SMB to enterprise, with the most comprehensive suite of cloud services available in the industry. Sangoma’s channel partners are then able to bring this full solution, all integrated together from a single cloud supplier, to their customers. Sangoma’s cloud suite includes Unified Communications as a Service (UCaaS), Trunking as a Service (TaaS), Contact Center as a Service (CCaaS), Communications Platform as a Service (CPaaS), Video Meetings as a Service (VMaaS), Collaboration as a Service, Desktop as a Service (DaaS), and Access Control as a Service (ACaaS).
“Customers today are demanding an integrated experience for all their cloud communications needs, not multiple tools from multiple vendors”, said Bill Wignall, CEO and President of Sangoma. “Our M&A strategy always seeks to keep that in mind and as a result, Sangoma now offers the broadest set of cloud communications solutions in the industry. We appreciate the recognition from Channel Futures, especially given the acquisition of Star2Star completes our work over recent years to transform Sangoma from a product business to one of the communications industry’s leading SaaS companies.”