Ooma to acquire Phone.com for $23.2m.

Ooma, a smart communications platform for businesses and consumers, agreed to acquire Phone.com, a provider of cloud-based business communications for small and medium-sized organizations, for $23.2m. “We’re delighted and look forward to welcoming Phone.com into the Ooma portfolio of business solutions. This planned acquisition is intended to continue our strategy to extend our leadership in serving SMB customers. Phone.com’s established platform, strong online presence, and direct sales model fit well with Ooma’s strategy and will enable opportunities to capture synergies over time. We look forward to building on the strong success Phone.com has achieved so far serving small business customers to deliver long-term value for our shareholders,” Eric Stang, Ooma CEO.