Ooma, Inc. acquired Junction Networks Inc. from Intrado Corporation for approximately $9.5 million.
Ooma, Inc. (NYSE:OOMA) acquired Junction Networks Inc. from Intrado Corporation for approximately $9.5 million on July 22, 2022. The consideration was paid in cash and is subject to customary working capital adjustments. OnSIPâs employees will join Ooma team. The acquisition of OnSIP is expected to be accretive to Oomaâs adjusted EBITDA starting in the fourth quarter of the current fiscal year and make increasing contribution to Oomaâs profitability and cash flows as operational synergies are realized in the coming quarters.
Ooma, Inc. (NYSE:OOMA) completed the acquisition of Junction Networks Inc. from Intrado Corporation on July 22, 2022.