Digium has confirmed it is to be acquired by Sangoma Technologies, a publicly traded, Toronto-based communications supplier, headed by CEO Bill Wignall.
Sangoma is known best for their gateway products, session border controllers, SIP Station offering, and stewardship of the highly successful FreePBX Project. This acquisition will create a value-based communications supplier with the ability to serve a broad customer set.
This move will merge of the two largest open source communications suppliers in the world, Asterisk and FreePBX, under one umbrella.
Digium will remain as a legal entity and operate as a Sangoma subsidiary. Digium will be listed as “Digium, A Sangoma Company” in the near future.
There is no immediate plans to discontinue products on either side nor any plans to change channel structure on either side.
Over the next 90 days, the combined management teams will be heads down working on detailed integration planning. This acquisition is one that focuses primarily on scale, financial strength, and complementary products and people.
“Sangoma and Digium have a long history of working together, while also competing in the marketplace, and have gotten to know each other very well over the years. Our relationship and mutual respect allows us both to know that the strategic fit between the two businesses really is excellent”, said Bill Wignall, President and CEO of Sangoma. Wignall continued, “This transaction will add very meaningful sales, create market leadership in our segment, increase recurring revenue materially, and allow us to nicely leverage our complementary businesses. During a time of industry consolidation, this transformative merger is another bold step for us in implementing our strategy to scale up and increase shareholder value, by augmenting our organic growth with complementary M&A opportunities. To the new staff that will be joining us, I’d like to welcome you to the growing Sangoma family. To our Digium customers and partners around the globe, I’d like to assure you that everyone here at Sangoma remains committed to you, to the Digium products you rely upon, and to further contributing to your success. And of course, to the Asterisk community, I would like to reassure you that Sangoma recognizes the value of Asterisk and is committed to keeping it open source. We will continue to invest in its development and to seek input from the broad base of developers that has led to its outstanding success.”
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