Sangoma Technologies to acquire Star2Star for c.$437m.

Sangoma Technologies, a cloud-based Communications-as-a-Service solutions provider, agreed to acquire Star2Star, a privately-held provider of full-spectrum, internally developed, cloud-native communications services, for c.$437m. “This transaction ensures we can meet any customer’s preference, be it for purely cloud solutions, or for on-premise deployments, or a hybrid combination, all the way from small businesses to large enterprises. For many years, we have consciously pursued a strategy to transform Sangoma from a product business to one of the communications industry’s leading SaaS companies. This deal is incredibly exciting not only because it will generate scale in a growing, consolidating space, but also because by combining with Star2Star we will have completed our long-term evolution into a leading cloud services company, one with annual revenue approaching $250m,” Bill Wignall, Sangoma President and CEO.