Welcome to our dedicated page for Sangoma Technologies news (Ticker: SANG), a resource for investors and traders seeking the latest updates and insights on Sangoma Technologies stock.
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.
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.
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.
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.