Brief: Sangoma Acquiring All Key Assets Of CCD Division From Dialogic Corp For About $5.7 Mln In Cash

Sangoma Technologies

09/01/2018 13:35

Jan 9 (Reuters) - Sangoma Technologies Corp  STC.V : 
    * SANGOMA ANNOUNCES SIXTH ACQUISITION IN SIX YEARS 
    * SANGOMA TECHNOLOGIES CORP- ANNOUNCED ACQUISITION OF ALL 
KEY 
ASSETS OF CONVERGED COMMUNICATION DIVISION FROM DIALOGIC 
CORPORATION 
    * SANGOMA TECHNOLOGIES CORP- ACQUIRING ALL KEY ASSETS OF CCD 
DIVISION FOR ABOUT $5.7 MILLION IN CASH 
    * SANGOMA TECHNOLOGIES CORP- ACQUISITION IS EXPECTED TO BE 
ACCRETIVE IMMEDIATELY 
    * SANGOMA TECHNOLOGIES CORP - SEES FISCAL YEAR 2018 REVENUE 
OF AT 
LEAST $53 MILLION AND EBITDA IN EXCESS OF $5.5 MILLION 
    * SANGOMA TECHNOLOGIES CORP- IN RELATION TO DEAL HAS 
EXTENDED 
BORROWING CAPABILITY WITH CURRENT CANADIAN BANK FROM $4.5 
MILLION TO $8.5 MILLION 
 
Source text for Eikon:  ID:nPn7JprXVa  
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