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- Acquisition to increase Ooma\u2019s revenue, earnings and cash flow following closing<\/b><\/li>\n
- Expected to add approximately 80,000 business users extending Ooma\u2019s leadership in serving SMB customers and growing Ooma Business<\/b><\/li>\n
- FluentStream is expected to generate $24-$25 million in revenue and $9.5-$10.5 million of adjusted EBITDA annually, based on current run rates<\/b><\/li>\n
- Cash purchase price of approximately $45 million reflects an approximate 4.5x multiple based on FluentStream\u2019s current EBITDA run rate<\/b><\/li>\n
- Transaction is expected to be funded through a combination of cash on hand and bank debt financing<\/b><\/li>\n<\/ul>\n
SUNNYVALE, Calif.–(BUSINESS WIRE<\/a>)–Ooma, Inc<\/a>., a smart communications platform for businesses and consumers, today announced that it has signed a definitive agreement to acquire FluentStream Corp., a leading provider of enterprise-grade business phone services for small and medium-sized organizations, for approximately $45 million in cash, subject to customary working capital adjustments.<\/p>\n
\nThe acquisition of FluentStream is expected to be accretive to Ooma\u2019s adjusted EBITDA and non-GAAP earnings per share starting on the closing date of the transaction, which is expected to occur in the fourth quarter of Ooma\u2019s fiscal year 2026, subject to the receipt of required regulatory approvals and satisfaction or waiver of other customary closing conditions.<\/p>\n
\nFluentStream is expected to generate $24-$25 million in revenue and $9.5-$10.5 million of adjusted EBITDA annually, based on current run rates. The Board of Directors of Ooma has approved the transaction, and Ooma expects to finance the acquisition through a combination of cash on hand and bank debt financing.<\/p>\n
\nFluentStream, founded in 2010 and headquartered in Denver, Colorado, is a cloud communications\/UCaaS provider with a strong channel\/partner program. Much like Ooma Office<\/a>, FluentStream provides voice, text, mobile, and call\u2011center features, and supports remote\/hybrid workforces, with a strong emphasis on customer service and reliability. The company has grown significantly over the last several years through a series of acquisitions and now serves approximately 5,000 customers and 80,000 users. Most of FluentStream\u2019s customers are served by FluentStream\u2019s proprietary UCaaS platform and U.S. based customer support.<\/p>\n
\n\u201cWe are looking forward to welcoming the FluentStream team to Ooma and building a future together that will create significant value for all our stakeholders. This acquisition is consistent with our strategy to extend our leadership in serving SMB customers and grow Ooma Business,\u201d said Eric Stang, chief executive officer of Ooma. \u201cFluentStream\u2019s focus on the SMB market, stable base of customers and channel partners, and EBITDA performance make it the perfect fit for our strategy to expand our portfolio of brands, accelerate growth, and deliver long-term value for our shareholders.\u201d<\/p>\n
\n\u201cOur customers are the heart of everything we do,\u201d said Kerrin Parker, CEO of FluentStream. \u201cAs a part of Ooma, we will continue to deliver the responsive service and flexible communications solutions our partners and customers count on\u2014while expanding what\u2019s possible for them through Ooma’s scale and innovation.\u201d<\/p>\n
\nKeyBanc Capital Markets served as an advisor to FluentStream in the transaction.<\/p>\n
\nOoma will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time today, November 3, 2025. Parties in the United States and Canada can access the call by dialing +1 (800) 715-9871, using conference ID 5572434. International parties can access the call by dialing +1 (646) 307-1963, using conference ID 5572434. For webcast listening, please visit Ooma\u2019s Events & Presentations page at https:\/\/investors.ooma.com\/news-events\/events-presentation<\/a> for a link. Following the call, an archived version of the webcast will be available on the Ooma investor relations site at https:\/\/investors.ooma.com<\/a> for 12 months.<\/p>\n
Forward-Looking Statements<\/b><\/p>\n
\nThis release includes \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not statements of historical or current fact constitute \u201cforward-looking statements.\u201d The forward-looking statements contained in this press release include, without limitation, statements related to consummation of the FluentStream acquisition and its expected benefits to Ooma, such as FluentStream\u2019s financial and business impact on and synergies with Ooma, the expected growth of Ooma Business, and its effect on Ooma\u2019s business strategies. These forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Ooma to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks, uncertainties and unknown factors include, among others, the parties\u2019 ability to obtain required regulatory clearances and satisfy other closing conditions, the potential impact on the businesses of Ooma and FluentStream due to uncertainties regarding the acquisition; the retention of the former employees, customers and users of FluentStream and the ability of Ooma to successfully integrate the acquired company and to achieve expected benefits from the acquisition. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms \u201cbelieves,\u201d \u201cbelief,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201canticipates\u201d or \u201cplans\u201d to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Ooma\u2019s filings with the Securities and Exchange Commission, including under Item 1A, \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the fiscal year ended January 31, 2025 filed on April 1, 2025, and in its subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date they are made. Ooma undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.<\/p>\n
About Ooma, Inc.<\/b><\/p>\n
\nOoma (NYSE: OOMA) delivers phone, messaging, video and advanced communications services that are easy to implement and provide great value. Founded in 2003, the company offers Ooma Office for small to medium-sized businesses seeking enterprise-grade features designed for their needs; Ooma AirDial for any business looking to replace aging and increasingly expensive copper phone lines; Ooma 2600Hz for businesses that provide their own communications solutions built on an outsourced underlying platform; and Ooma Telo for residential consumers who value a landline experience at a more affordable price point. Ooma\u2019s award-winning solutions power more than 2 million users today. Learn more at www.ooma.com<\/a> in the United States or www.ooma.ca<\/a> in Canada.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251103198580\/en\/<\/a><\/span><\/p>\n
Investors
\n<\/b>
Matthew S. Robison
\n
Director of IR and Corporate Development
\n
Ooma, Inc.
\n
email: ir@ooma.com
\n<\/a>
phone: (650) 300-1480<\/p>\n - Expected to add approximately 80,000 business users extending Ooma\u2019s leadership in serving SMB customers and growing Ooma Business<\/b><\/li>\n