Brief: Ooma Acquires 2600Hz For About $33 Mln

Ooma

23/10/2023 11:14

Oct 23 (Reuters) - Ooma Inc  OOMA.N :
    * OOMA ACQUIRES 2600HZ, INC., A LEADER IN COMMUNICATIONS
APPLICATIONS FOR SERVICE PROVIDERS
    * OOMA INC - PROPOSED DEAL FOR FOR APPROXIMATELY $33 MILLION
IN
CASH
    * OOMA INC: 2600HZ IS EXPECTED TO ADD APPROXIMATELY $7
MILLION IN
ANNUAL RECURRING REVENUE TO OOMA
    * OOMA INC - PURCHASE PRICE WAS PARTIALLY FUNDED BY A NEW
$30
MILLION REVOLVING LINE OF CREDIT FACILITY

Source text for Eikon:  ID:nBw6fxqQLa 
Further company coverage:  OOMA.N 

 ((Reuters.Briefs@thomsonreuters.com;))