Sangoma Agrees to Acquire Paraxip Technologies

Released on: July 7, 2008, 12:44 pm

Press Release Author: MRB Public Relations, Inc.

Industry: Media

Press Release Summary: Sangoma Technologies Corporation (TSXV: STC), the premium
provider of PC-based hardware and software for proprietary and open source
networking and telephony solutions, today announced that it has entered into an
agreement to acquire all of the shares of Paraxip Technologies Inc. for $4.8
million, payable as to $1.9 million in cash and 2.3 million Sangoma common shares.


Press Release Body: -- Company gains foothold in Windows Unified Communications and
IP Contact Center Markets --

TORONTO, CANADA - (July 7, 2008) - Sangoma Technologies Corporation (TSXV: STC),
the premium provider of PC-based hardware and software for proprietary and open
source networking and telephony solutions, today announced that it has entered into
an agreement to acquire all of the shares of Paraxip Technologies Inc. for $4.8
million, payable as to $1.9 million in cash and 2.3 million Sangoma common shares.
Paraxip is a leading developer of IP connectivity software that empowers the
deployment of IP Telephony applications. Founded in 2003, Paraxip's customers
include IBM, Genesys (a subsidiary of Alcatel-Lucent), First Data Corporation and
the State of California.

The integration of Paraxip's SIP based NetBorderT suite into Sangoma's product line
provides Sangoma with a growth path that includes the Unified Communications market,
IP contact centers, commercial interactive voice response solutions and other
SIP-based telephony markets. The combined products and channels of the two companies
considerably extend Sangoma's current addressable market range by providing support
for all software-based telephony applications.

"This acquisition is part of Sangoma's strategy for addressing the expanding market
for telephony applications of all types, particularly the segment of the market that
demands proprietary, well supported solutions," said David Mandelstam, President and
CEO of Sangoma Technologies. "The Paraxip transaction not only bolsters Sangoma's
Windows-based offerings, but also represents a major advancement for the Open Source
community. By combining Paraxip's gateway products with our premium hardware and
drivers, we will provide the Open Source telephony community with a new level of
compliance, reliability and scalability."

"The acquisition is a natural fit that opens up a sizeable Open Source market for
Paraxip's gateway products and lets us leverage Sangoma\'s worldwide channel of
distributors," said Serge Forest, Paraxip's President and CEO. "The deal provides
Sangoma, in return, with highly differentiated connectivity solutions, including our
patent-pending Call Progress Analysis technology, for servicing the fast-growing
Contact Center market, as well as access to that market through Paraxip partners. We
believe this to be a very synergistic combination."

In addition to at least four other nominees designated by the current Board of
Sangoma, Paraxip shareholders will be entitled to nominate two individuals to the
Sangoma Board at Sangoma\'s next annual shareholders meeting. The transaction is
expected to close on or about July 14, 2008.




About Sangoma Technologies Corporation
Sangoma Technologies Corporation is the premium provider of PC-based hardware and
software for proprietary and open source data and telephony transport solutions. The
company develops and manufactures the most scalable and reliable voice and Wide Area
Network data cards in the industry, including the award-winning Advanced Flexible
Telecommunications (AFT) product line. Founded in 1984, Sangoma Technologies
Corporation is publicly traded on the TSX Venture Exchange (TSXV: STC - News).
Additional information on Sangoma can be found at: www.sangoma.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy
of this release.

About Paraxip Technologies
Paraxip develops and markets connectivity products that empower the rapid and cost
effective deployment of IP Telephony in the contact center and in the enterprise.
Paraxip\'s flagship software product, NetBorder, leverages standard computing
platforms to provide smart connectivity to sophisticated telephony applications. The
patent-pending NetBorder architecture reduces deployment costs and allows IP
Telephony solutions in the enterprise to seamlessly extend their reach to numerous
external devices and networks. Additional information on Paraxip can be found at:
www.paraxip.com.

Sangoma is a registered trademark of Sangoma Technologies Corporation. NetBorder is
a trademark of Paraxip Technologies. All other trademarks are the property of their
respective owners.

Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements relating to the proposed
acquisition of Paraxip Technologies Inc., including statements regarding the
completion of the proposed transaction and other statements that are not historical
facts. Such forward-looking statements are subject to important risks, uncertainties
and assumptions. The results or events predicted in these forward-looking statements
may differ materially from actual results or events. As a result, you are cautioned
not to place undue reliance on these forward-looking statements.

The completion of the proposed transaction is subject to a number of conditions
which may not be satisfied in accordance with their terms, and/or the parties to the
share purchase agreement may exercise their termination rights, in which case the
proposed transaction could be modified, restructured or terminated, as applicable.

The forward-looking statements in this news release are made as of the date of this
release. We undertake no obligation to comment on expectations of, or statements
made by third parties in respect of the proposed transaction.

Media Contacts:

Michael Becce
MRB Public Relations, Inc.
(732) 758-1100 ext. 104
mbecce@mrb-pr.com

Kathleen Reed
Marketing Director
Sangoma Technologies Corporation
(905) 474-1990 ext. 115
kathleen@sangoma.com

Frederic Dickey
Market Development Director
Paraxip Technologies Inc.
(514) 282-7111 ext. 233
frederic.dickey@paraxip.com


Web Site: http://www.sangoma.com

Contact Details: Media Contacts:

Michael Becce
MRB Public Relations, Inc.
(732) 758-1100 ext. 104
mbecce@mrb-pr.com

Kathleen Reed
Marketing Director
Sangoma Technologies Corporation
(905) 474-1990 ext. 115
kathleen@sangoma.com

Frederic Dickey
Market Development Director
Paraxip Technologies Inc.
(514) 282-7111 ext. 233
frederic.dickey@paraxip.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •