Ooma Acquires OnSIP

July 22, 2022

Ooma, Inc. acquired Junction Networks Inc. (doing business as OnSIP) from Intrado Corp. for approximately $9.75 million in cash, with the transaction completing on July 22, 2022. The acquisition adds roughly $10 million in annual revenue and about 50,000 primarily SMB users to Ooma's business, and is expected to be accretive to adjusted EBITDA as the companies realize operational synergies.

Buyers
Ooma, Inc.
Targets
Junction Networks Inc. (OnSIP)
Sellers
Intrado Corp.
Location
New York, United States
Transaction Type
Buyout

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