It’s a great time to be in the Unified Communications (UC) market! Market trends show that businesses are choosing UC when buying new or upgrading old phone systems. This means there is plenty of competition and a lot of great UC products and services available to businesses. The past year has demonstrated the place of Sangoma as an industry leader and the strength of the Sangoma family’s value proposition.
After the game-changing acquisition of Digium in late 2018, Sangoma became the world’s largest provider of open source communications solutions, as well as the leader in the value-based Unified Communications market.
And this accomplishment hasn’t gone unnoticed by industry and financial analysts. Here are a few of our most recent awards:
Last month, it was announced that Sangoma has been named to the 2019 TSX Venture 50, a ranking of top performers on the TSX Venture Exchange comprised of ten companies from each of five industry sectors. Companies are selected based on multiple factors, including market capitalization growth, share price appreciation, and trading volume.
Our place in the Top 10 Technology Companies was earned on account of our 2018 performance in which Sangoma achieved 155% growth in market capitalization, 67% appreciation in share price, and trading volume of over 22 million. Commenting on this achievement, Sangoma President and CEO Bill Wignall promised, “We will continue to build upon this momentum in 2019, as we expect to surpass $100 million in revenue for the first time, by delivering even greater value to our customers, partners, and shareholders around the world.”
This distinction was awarded by Insights Success, an independent platform dedicated to highlighting businesses leading the market in technological advances and solution-driven products and services. Sangoma was selected for this award because of our position as the “leading full service, global, value-based Unified Communications provider,” highlighting our commitment to providing our customers fully-featured UC solutions at an accessible, no-surprises price point.
A key part of the Cantech Investment Conference— Canada’s largest technology investment conference focused on innovation-sector companies listed on the TSX and TSXV— is the announcement of awards recognizing excellence and achievement in technology companies. These awards are voted on by an unbiased panel of dozens of Canadian technology-stock research analysts.
At this year’s Cantech Investment Conference, Sangoma was selected as the Tech Stock of the Year in recognition of our place as a trusted leader in delivering Unified Communications solutions, both on-premise and in the cloud. About this distinction, Sangoma President and CEO Bill Wignall said, “The award highlights our company’s continued success, reflects the confidence placed in us by our customers around the globe, and demonstrates the growing recognition Sangoma is receiving from the investment community.”
This title was awarded to Sangoma at SimCon 2019, a telecommunications industry convention held in the UK. This title highlights Sangoma’s commitment and investment in the open source community demonstrated by ensuring the open source future of Asterisk and FreePBX, while balancing developer engagement with a commitment to commercial products and solutions for customers and partners worldwide.
The Future is Bright with Sangoma
While we enjoy receiving recognition for all our hard work, it’s not awards or honors that motivate our growth and service. It’s the customers, partners, and investors that drive Sangoma in our mission of keeping businesses connected with our world-class portfolio of products and services.