Ooma (NYSE: OOMA) completes acquisition of Phone.com for $23.2 million

Ooma Inc. (NYSE: OOMA) completed its acquisition of Phone.com, a cloud-based business communications provider, for approximately $23.2 million in cash, subject to customary working capital adjustments, according to a company statement.

Phone.com, headquartered in Newark, New Jersey, serves approximately 36,000 customers and 87,000 users across North America through its cloud communications platform. The company provides voice, video, text, call handling, and mobile applications primarily to small and medium-sized businesses.

The acquired company is expected to generate $22-23 million in revenue and $1.0-1.5 million in adjusted EBITDA annually, based on current run rates and before synergies. Ooma projects the acquisition will be accretive to its adjusted EBITDA and non-GAAP earnings per share starting December 26, 2025.

Phone.com operates a unified communications-as-a-service platform similar to Ooma’s existing Office product. Both companies focus on providing communications solutions to small and medium-sized organizations.

Telegraph Hill Advisors served as the exclusive financial advisor to Phone.com in the transaction.