Ooma Acquires FluentStream and Phone.com

Ooma, Inc., a smart communications platform for businesses and consumers, has acquired FluentStream Corp., a leading provider of enterprise-grade business phone services for small and medium-sized organizations.

Ooma has also acquired Phone.com, a provider of cloud-based business communications for small and medium-sized organizations.

Orrick advised Ooma on both transactions. KeyBanc Capital Markets served as an advisor to FluentStream, and Telegraph Hill Advisors served as the exclusive financial advisor to Phone.com.

THE COMPANIES

Ooma is a provider of innovative communication solutions and other connected services to small businesses, home, and mobile users. Ooma's hybrid software-as-a-service (SaaS) platform, consisting of its proprietary cloud, on-premise appliances, mobile applications, and end-point devices, provides the connectivity and functionality that power its solutions.

FluentStream is a leading communications provider for small to mid-size businesses, delivering enterprise-grade unified communication services that improve collaboration, boost productivity, and enhance the customer experience.

Phone.com is a cloud communications/UCaaS provider focused on serving small and medium sized businesses. The company primarily utilizes the Phone.com brand and website to sell through e-commerce, online marketing and direct sales channels.

THE IMPACT

Eric Stang, chief executive officer of Ooma, said the FluentStream acquisition "is consistent with our strategy to extend our leadership in serving SMB customers and grow Ooma Business. FluentStream's 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."

Stang also said the Phone.com acquisition is "intended to continue our strategy to extend our leadership in serving SMB customers. Phone.com's established platform, strong online presence, and direct sales model fit well with Ooma's strategy and will enable opportunities to capture synergies over time."

THE TEAM

The deal team advising Ooma on both transactions was led by Zac Padgett, Harris Quraishi and Amanda Morales, with invaluable support from Sky Stallbaumer, Bill Hughes, Stephen Venuto, Christine McCarthy, Alyssa Ohanian, Lauren Guilford, Sarah Schaedler, Taylor Ranfos, Eric Wall, Kimberly M. Loocke, Anna Suh, Alexandra Kleemann, Matthew Coleman, Carly Owens, Kay Zou, Lydia Wang and Deborah Abernathy.

LEARN MORE

• Ooma's press release (FluentStream)
• Ooma's press release (Phone.com)
• Read More Orrick Client Results