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Sangoma Technologies (SANG) Stock News, Dec 2021-Sep 2022

SANG Nasdaq

Sangoma Technologies Corporation provides business communications software, services and connectivity for organizations using cloud, hybrid or on-premises deployments. Its recurring news includes fiscal results, conference-call announcements, customer deployments, channel and partner updates, and capital actions involving its common shares.

The company’s updates commonly reference UCaaS, CCaaS, CPaaS and Trunking technologies, managed services for connectivity, network and security, and its role as primary developer and sponsor of the open source Asterisk and FreePBX projects. Governance items include shareholder meeting results and auditor appointments.

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Sangoma Technologies Corporation has achieved a significant milestone by shipping its one millionth IP desk phone to Jenne Inc., reinforcing its position in the cloud communications market. Offering an integrated suite that includes UCaaS, desktop and mobile client software, and more, Sangoma ensures seamless communication for businesses. CEO Jim Machi highlights the importance of desk phones in their offerings, emphasizing the deep integration with their cloud services, which allows unique features like visual voicemail. This achievement showcases Sangoma's commitment to providing reliable technology amidst supply chain challenges.

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Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) announced a partnership with TBI, a major technology brokerage with over 25 years of experience. This collaboration aims to enhance Sangoma's position in the Telecom Solutions Broker channel, offering a comprehensive suite of cloud-based communications solutions including UCaaS and CCaaS. The partnership will empower TBI’s network of agents to provide businesses with tailored technology solutions, enhancing productivity and reducing costs. This strategic move underscores Sangoma's commitment to expanding its cloud services portfolio.

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Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) will participate in the Channel Partners Conference & Expo from April 11-14, 2022, in Las Vegas. This marks over a decade of attendance for Sangoma. The company will showcase its communication solutions and innovations, especially following its recent acquisition of NetFortris, which expands its offerings to include SD-WAN and network security. Attendees can visit booth 1439 for demos and insights from Sangoma’s team, with a special happy hour featuring celebrity mixologist Evan Hosaka on April 12.

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Sangoma Technologies Corporation has successfully onboarded Temco Logistics as a new client for its Contact Center as a Service (CCaaS) solution. The partnership aims to enhance Temco's customer service capabilities, accommodating their rising call volumes, which range from 20,000 to 40,000 calls monthly, peaking at 91,000 during sales events. Sangoma's solution enabled Temco to save $40,000 on annual labor costs and $20,000 on phone expenses, while allowing remote work for 45% of staff, thus reducing overhead costs.

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Sangoma Technologies Corporation (NASDAQ: SANG) was recognized by Channel Futures as the top merger and acquisition of 2021 for its $437 million acquisition of Star2Star. This strategic move establishes Sangoma as a key competitor to major players like 8x8 and RingCentral, enabling its channel partners to offer a comprehensive suite of cloud services ranging from UCaaS to CCaaS. CEO Bill Wignall emphasized the importance of integrating cloud communications to meet customer demands.

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Sangoma Technologies Corporation announced that its Common Shares will be listed on the Nasdaq Global Select Market starting December 16, 2021, while continuing to trade on the Toronto Stock Exchange under the symbol 'STC.' This move is seen as a significant advancement for the company, allowing it to access a broader investor base. The Nasdaq Global Select Market has the highest initial listing standards among all exchanges, highlighting the company's commitment to corporate development and shareholder value creation, according to President and CEO Bill Wignall.

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FAQ

What is the current stock price of Sangoma Technologies (SANG)?

Sangoma Technologies (SANG) last closed at $4.77.

What is the market cap of Sangoma Technologies (SANG)?

The market cap of Sangoma Technologies (SANG) is approximately $159.8M.