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.
- Industry
- Telecommunications
- Location
- New York, United States
- Transaction Type
- Buyout
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