Ooma Agrees to Acquire Voxter, Provider of Advanced UCaaS Solutions for Businesses
Palo Alto, CA - Monday, March 5th, 2018
Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced it has signed a definitive agreement to acquire Voxter Communications Inc., a provider of custom UCaaS solutions for mid-market and enterprise businesses.
Voxter will complement the Ooma Office solution for small business, giving Ooma a business communications portfolio that can meet the needs of organizations of all sizes.
Founded in 2005 and based in Vancouver, British Columbia, Voxter provides its clients with fully hosted VoIP solutions, taking productivity to a higher level through a voice architecture that’s feature rich and highly customizable to meet the individual needs of each business. Beyond telephony, Voxter offers instant messaging, videoconferencing, contact center capabilities, integration with mobile devices and more.
Voxter provides its advanced UCaaS solution to leading businesses, including Slack, Optimizely, Whistler Blackcomb Ski Resort, Hyperwallet and Grafana.
“Voxter’s industry-leading technology and outstanding engineering talent will help accelerate Ooma’s strategy to provide the most advanced unified communications solutions,” said Eric Stang, chief executive officer of Ooma. “With the addition of Voxter, Ooma can now serve larger businesses with highly customizable solutions that uniquely meet their individual needs, in addition to serving small businesses with the award winning Ooma Office platform. Together, Voxter and Ooma bring deep expertise in cloud-based voice technology, increased scale, and stronger solutions for channel partners.”
“We look forward to taking Voxter to the next level as we join forces with Ooma,” said Dayton Turner, chief executive officer and co-founder of Voxter. “Our mission at Voxter is ‘business VoIP, done right.’ We’re delighted Ooma shares this objective, and that our solutions fit neatly together.”
Voxter’s revenue and the economic terms of the transaction will not be disclosed. The transaction is expected to close in March.
Ooma will report financial results for the fourth quarter and fiscal year ended January 31, 2018, after the market closes tomorrow (March 6, 2018). The company plans to host a conference call and live webcast for analysts and investors tomorrow at 5 pm Eastern time. Details are available at http://investors.ooma.com.
Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features that are flexible and scalable. For consumers, Ooma provides PureVoice HD voice quality, advanced functionality and integration with their mobile devices. Ooma’s groundbreaking home security solution delivers a full range of wireless security sensors and a smart video camera that put consumers in charge of protecting their homes. Learn more at ca.ooma.com.
MEDIA CONTACT:Mike Langberg
INVESTOR CONTACT:Matt Robison