M&A Deal Summary

Ooma Acquires 2600Hz

On October 23, 2023, Ooma acquired information technology company 2600Hz for 33M USD

Acquisition Highlights
  • This is Ooma’s 1st transaction in the Information Technology sector.
  • This is Ooma’s largest (disclosed) transaction.
  • This is Ooma’s 3rd transaction in the United States.
  • This is Ooma’s 1st transaction in Nevada.

M&A Deal Summary
Date 2023-10-23
Target 2600Hz
Sector Information Technology
Buyer(s) Ooma
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

2600Hz

Henderson, Nevada, United States
2600Hz leverages Kazoo, an open-source communications solution, and a suite of proprietary applications through open APIs to provide Unified Communications as a Service (UCaaS), Communications Platform as a Service (CPaaS), Call Center as a Service (CCaaS) and AI tools and applications. 2600Hz is based in Henderson, Nevada.

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Buyer(S) 1

Buyer

Ooma

Sunnyvale, California, United States
Category Company
Founded 2003
Sector Internet Software and Services
Employees357
Revenue 216M USD (2023)
DESCRIPTION

Ooma is an entity which creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, which offers cloud-based telephony and other connected services. Ooma combines PureVoice HD call quality and innovative features with mobile applications for reliable anytime, anywhere calling. The company has been ranked the No. 1 home phone service for overall satisfaction and value for five consecutive years by the leading consumer research publication. Ooma is also partnering with connected device makers to create smarter offices and homes. Ooma is available in stores and online from leading retailers. Ooma was founded in 2003 and is based in Sunnyvale, California.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Nevada) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-22 OnSIP

New York, New York, United States

OnSIP is a provider of Unified Communications as a Service (“UCaaS”) and collaboration solutions for small and mid-size (“SMB”) customers. OnSIP was founded in 2004 and is based in New York City.

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