Sangoma provides secure, reliable business communications with a full suite of services including unified communications, networking, SIP trunking, wholesale voice, and security, offered in cloud, hybrid, or on-premises setups. Its core product is an in-house UC platform that enables voice, data, and connectivity across vertical industries, with options to bundle services. The company differentiates itself through ownership of the open-source Asterisk framework, a strong partner channel, and the Innovation Foundry that develops real-world solutions. Its goal is to be a single trusted source for comprehensive communications needs worldwide, serving over 100,000 customers across more than 180 countries.
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
Markham, Canada
Founded
1984
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Total Funding
$95.2M
Above
Industry Average
Funded Over
4 Rounds
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Sangoma Technologies stock surges over 40% on BRC acquisition deal. Published Sep 28, 2026, 06:01 PM (C) Reuters Investing.com - Sangoma Technologies Corp (NASDAQ:SANG) shares surged 44% in after-hours trading Monday following the announcement that BRC Group Holdings (NASDAQ:RILY) will acquire the company for approximately $204 million. Under the terms of the arrangement agreement, Sangoma shareholders will receive $4.925 in cash and 0.04767 of a BRC share for each Sangoma share held. Based on the 20-day volume-weighted average price of BRC shares on NASDAQ, the consideration implies a value of $5.225 per Sangoma share, representing a premium of approximately 47% to Sangoma's closing price on the TSX as of September 28, 2026. Analyze the report by upgrading to InvestingPro - get 50% off today The transaction values Sangoma at an enterprise value of approximately $204 million. Sangoma shareholders will collectively receive $170 million in cash and $10 million in BRC shares, with the latter being freely tradable. Upon completion, Sangoma shareholders will hold approximately 4% of the pro forma BRC shares outstanding. "This transaction represents a compelling outcome for Sangoma and our shareholders, delivering immediate liquidity and certainty of value at a premium price," said Sangoma CEO Charles Salameh. The transaction follows a comprehensive strategic review process announced in May 2026 and supervised by a special committee of independent directors. Sangoma's board of directors unanimously approved the transaction and recommends shareholders vote in favor of the deal. ATB Cormark Capital Markets provided a fairness opinion stating the consideration is fair from a financial point of view to Sangoma shareholders. -0.22 (-3.85%) Closed · 15:59:59 · USD +0.01 (+0.17%) After Hours · 16:53:13 Officers and directors holding approximately 27% of outstanding Sangoma shares have entered into voting support agreements to vote in favor of the transaction. The transaction requires approval from at least two-thirds of votes cast at a special meeting of Sangoma shareholders and is subject to court and regulatory approvals. The deal is not subject to any financing condition and is expected to close no later than early 2027. Upon closing, Sangoma will operate as part of BRC Telecom, a portfolio of communications businesses backed by BRC. Is RILY in any of our AI strategies? ProPicks AI re-scores RILY every month against thousands of alternatives on 100+ financial metrics, then builds the strategies that came out ahead. Energy Elite is beating its benchmark by 37% year to date. Mid Cap Movers by 21%. Tech Titans, our flagship, has beaten the S&P 500 by 112% since launch three years ago. See whether RILY made the cut - and which stocks did.
BRC Group Holdings has entered into a definitive agreement to acquire Sangoma Technologies Corporation, valuing the business communications solutions provider at approximately US$204 million (C$289 million) enterprise value. Under the arrangement, Sangoma shareholders will receive US$4.925 in cash plus 0.04767 BRC shares for each Sangoma share held. Based on BRC's 20-day volume-weighted average price, this represents US$5.225 (C$7.40) per share—a 47% premium to Sangoma's 28 September 2026 closing price and 51% premium to its 10-day volume-weighted average price. Upon closing, Sangoma will operate within BRC Telecom, BRC's communications business portfolio serving small to mid-market customers. Sangoma CEO Charles Salameh highlighted the transaction's immediate liquidity and value certainty for shareholders whilst expressing enthusiasm about combining operational strengths with BRC to accelerate growth.
Attackers exploit critical Switchvox flaw to deploy reverse shells without credentials. Ravie LakshmananSep 02, 2026 Vulnerability / Network Security Threat actors are exploiting a severe security vulnerability in Sangoma Switchvox, an enterprise VoIP platform, that could allow unauthenticated remote code execution. The vulnerability in question is CVE-2026-9586 (CVSS score: 9.3), a critical unauthenticated SQL injection vulnerability in Sangoma Switchvox SMB Edition 8.3 (104997) that can allow attackers to remotely execute arbitrary code as the PostgreSQL superuser without credentials. Sangoma released patches for the flaw in Switchvox 8.4.0.2 on July 14, 2026. "An unauthenticated SQL injection vulnerability exists in Sangoma Switchvox SMB Edition 8.3 (104997). The /pa endpoint processes XML content beginning with <PolycomIPPhone> and directly concatenates the user-controlled PhoneIP value into PostgreSQL queries without sanitization or parameterization," according to a description of the flaw on CVE.org. "An unauthenticated remote attacker can execute arbitrary SQL statements against the backend PostgreSQL database using a single crafted request, including database operations and remote code execution." Horizon3.ai said CVE-2026-9586 is among the 12 distinct vulnerabilities in Switchvox that were reported to Sangoma in April 2026, and that it is now seeing valid exploitation attempts in the wild against the flaw starting August 30, 2026. There are about 4,000 instances exposed to the internet, most of them located in the U.S. The same vulnerability was independently discovered and reported by Security Risk Advisors (SRA) Labs in May. "As an unauthenticated attacker, we were able to perform arbitrary database operations, including extracting database contents, modifying user records, and escalating privileges to Switchvox web administrators," SRA Labs said. "We also successfully executed arbitrary code on the server, invoking a reverse shell on the target machine." In one example highlighted by SRA Labs, successful exploitation of CVE-2026-9586 makes it possible to exfiltrate the cookie signing key to an external server, thereby allowing an attacker to forge authentication material for arbitrary users. The exploitation efforts targeting its honeypots involve the deployment of reverse shells on compromised systems, followed by running Base64-encoded commands to enumerate running processes. The autonomous penetration testing platform has shared the following indicators of compromise - * On devices that have SSH access enabled, evidence of the SQL injection payload used can be observed in "/var/log/switchvox/db-quirks.log" * Attacker IP address "176.65.148[.]184" It's worth noting that the IP address has been flagged on VirusTotal for conducting port scanning, brute-force, and exploitation efforts. "Given the quick succession of exploit attempts across multiple honeypots from the same source IP, we believe that it is likely that most internet exposed Switchvox instances will be or have already been targeted," security researcher Zach Hanley said. Found this article interesting? Follow Iniaes LLC. on Google News, Twitter and LinkedIn to read more exclusive content Iniaes LLC. post.
Sangoma and Jazzware partner to improve hotel operations and guest experience with integrated hospitality communications solution. TORONTO - Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) ("Sangoma" or the "Company"), a trusted industry leader uniquely offering businesses a choice of on-premises, cloud-based, or hybrid Communications as a Service solutions, announced today a new integration between Sangoma UC for Hospitality and Jazzware, a leading provider of hospitality communications and guest experience software, serving...
Sangoma Technologies missed analyst expectations in its latest quarterly results, reporting revenues of US$51 million (2.1% below forecasts) and a statutory loss of US$0.07 per share, significantly worse than predicted. Following the earnings report, the six analysts covering the company have revised their forecasts. They now expect 2027 revenues of US$210.7 million, down from a previous consensus of US$217.4 million, representing a 0.7% annual decline. Per-share losses are projected to narrow 54% to US$0.09. The average price target fell 11% to CA$9.81, with estimates ranging from CA$8.02 to CA$11.04. This outlook contrasts sharply with the industry, where companies are expected to grow revenues by 7.1% annually, and marks a reversal from Sangoma's historical five-year growth rate of 7.2%.
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Industries
Company Size
201-500
Company Stage
IPO
Headquarters
Markham, Canada
Founded
1984
Find jobs on Simplify and start your career today