Brief: Ooma Acquires OnSIP, Expanding Ooma’s Base Of SMB Customers

Ooma

01/09/2022 21:55

Sept 1 (Reuters) - Ooma Inc  OOMA.N :
    * OOMA ACQUIRES ONSIP, EXPANDING OOMA’S BASE OF SMB
CUSTOMERS
    * OOMA INC - PROPOSED DEAL FOR APPROXIMATELY $9.75 MILLION
IN CASH
    * OOMA INC - ACQUISITION OF ONSIP IS EXPECTED TO BE
ACCRETIVE TO
OOMA'S ADJUSTED EBITDA STARTING IN Q4
    * OOMA INC - DEAL EXPECTED TO MAKE INCREASING CONTRIBUTION
TO
OOMA'S PROFITABILITY AND CASH FLOWS AS OPERATIONAL SYNERGIES
REALIZED IN COMING QTRS

Source text for Eikon:  ID:nBw60wtrta 
Further company coverage:  OOMA.N 

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