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0.00159798149705636 -0.00168208578637507 -0.00126156433978138 0.00588730025231289 0.00588730025231289 0.0142977291841884 0.00883095037846934 0.00210260723296891
Stock impact report

Ooma Announces Definitive Agreement to Acquire FluentStream

Ooma, Inc. (OOMA) 
Last ooma, inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.ooma.com
Company Research Source: Business Wire
Acquisition to increase Ooma’s revenue, earnings and cash flow following closingExpected to add approximately 80,000 business users extending Ooma’s leadership in serving SMB customers and growing Ooma BusinessFluentStream is expected to generate $24-$25 million in revenue and $9.5-$10.5 million of adjusted EBITDA annually, based on current run ratesCash purchase price of approximately $45 million reflects an approximate 4.5x multiple based on FluentStream’s current EBITDA run rateTransaction is expected to be funded through a combination of cash on hand and bank debt financing SUNNYVALE, Calif.--(BUSINESS WIRE)--Ooma, Inc., 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.The acquisition of Show less Read more
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